Risk Assessment & Management
Our Risk Assessment and Management practice helps clients identify and mitigate potential risks and threats to their business.
We focus on methodologies and techniques to identify, measure, and prevent risks through the following steps:
- Identifying risks: We research and monitor external factors (e.g., regulatory changes, industry trends, geopolitical events) and internal factors (e.g., organisational structure, policies). Methods include background checks, KYC/KYB, AML checks, due diligence, audits, and interviews.
- Analysing risks: We determine the likelihood and potential impact of identified risks by gathering and analysing data such as financial statements and market reports. Scenario planning and modelling techniques help to assess different risk scenarios.
- Evaluating and prioritising risks: We assess the severity of risks and prioritise them based on their potential impact on the client’s operations, taking into account the client’s risk appetite and tolerance.
- Developing mitigation strategies: We recommend and help implement risk management measures such as insurance, reserve contracts, and contingency plans to minimise risks.
- Communicating risks: We prepare reports and presentations for stakeholders, provide guidance on risk management measures and offer training to ensure everyone understands their role.
- Monitoring and reviewing: We regularly update risk assessments, evaluate the effectiveness of risk management measures, and identify new risks.
- Aligning with client strategy: We ensure that risk management strategies are consistent with the client’s overall objectives.
Our focused services and products include
Strategic Environmental Analysis
Our Strategic Environmental Analysis service provides clients with a comprehensive assessment of the political, economic, social, technological, environmental and legal factors that may affect their business. By assessing these external factors, we help clients anticipate potential risks and opportunities, enabling them to make informed strategic decisions and maintain a competitive edge.
Advanced Country Risk Assessment
Our Advanced Country Risk Assessment service provides an in-depth analysis of the political, economic and social stability of the countries in which our clients operate or plan to expand. By evaluating various risk factors, we provide actionable insights that enable clients to mitigate potential threats and make informed investment decisions.
Advanced Due Diligence
Our Advanced Due Diligence service provides a more in-depth investigation of potential business partners, investments and acquisitions. By thoroughly assessing financial health, legal standing and reputational risks, we provide clients with the information they need to make confident and informed decisions.
Supply Chain Integrity Analysis
Our Supply Chain Integrity Analysis service ensures that clients' supply chains are free from risks such as fraud, corruption and unethical practices. We assess each link in the supply chain, providing clients with a clear understanding of potential vulnerabilities and recommendations for mitigation.
Candidate Verification
Our Candidate Verification service provides thorough background checks on potential employees. By verifying references, employment history and conducting criminal record checks, we ensure that our clients hire trustworthy and qualified personnel.
Historically, risk assessment and management focused on audit and compliance. Today, compliance is seen as an integral part of organisational strategy rather than simply mitigating external risks.
By effectively managing legal, financial, compliance, operational, and reputational risks, we help clients navigate a complex business landscape, minimising disruptions and maintaining a competitive edge.