Operational risk management (ISO 31000, COSO ERM)

Large companies usually lack a strategy to respond to adverse events that may affect their operations, or even threaten their continuity. This can cause important financial losses, but also a lack of confidence in the organization on behalf of investors, shareholders, regulators, and employees, resulting in a competitive disadvantage.

Furthermore, the implementation of operational risk management may entail a significant financial and human effort for the entity in order to put in place the structure, infrastructure, specialized personnel, methodologies, and even to identify and manage the risks, which could result in significant non-recoverable costs if not carried out by experienced personnel.

In order to face the aforementioned challenges, Mazars offers the following services:

• Conferences to raise awareness about Operational Risk Management
• Diagnosis of Risk Management System maturity
• Design and implementation of Risk Management practices
• Identification and evaluation of high-level and process-level risks
• Auditing and compliance evaluation of the Risk Management system
• Implement management of loss events
• Implementation of risk management systems using technological
• Design and implementation of KRIs

We want to help you develop a focus on managing your business based on risks in accordance with internationally recognized best practices (COSO ERM, ISO 31000), allowing you to have relevant information for strategic decision making.

We offer an integral service, from the implementation of a technological system to the development of specialized consulting services specialized in Operational Risk Management, which could save time and money for your organization. 

Are you interested in our Operational Risk Management services? Contact our team.