Banking – assessing the awareness of risk management framework and risk culture within a firm
IndustriesFinancial servicesBanking & Capital MarketsRegulatory ComplianceBanking – synergy in risk management & culture
Banking – assessing risk awareness within a firm
Keeping a bank’s risk management framework and risk culture under regular review is useful to assess a firm's compliance with regulatory expectations and maintain effective oversight of employee adherence to the firm’s risk appetite, values and expected behaviours. We can develop tailored surveys to assess employees’ understanding and perceptions of risk management framework and risk culture, prepare reports summarising the outcomes and organise workshops to discuss the results with staff and top management.
Assessment of the risk management framework and risk culture within a firm promotes a collaborative and open approach to risk. It also help identify gaps in employees’ knowledge and raise the overall awareness and understanding of the firm’s approach towards risk. In concrete terms, the results of a risk management survey provide not only a measure on indicators of effective risk management but also a baseline that can be assessed regularly as part of a compliance management programme. In addition, they facilitate the materialisation of risk management strategies through a concrete roadmap that aligns the key strategic axis of development with operational objectives. The survey’s insights will support the firm in promoting a link between business risk perception and tone from the 'top'.
Our experienced team can help you design bespoke surveys on the risk management framework, which will serve as the basis for meaningful discussions on risk across your firm.
Our team can advise and support you in the following ways:
- Designing tailored surveys that cover all relevant areas for your firm
- Drafting a report summarising the data collected through the surveys
- Organising workshops to share the outcomes of the survey with your staff and top management
- Igniting discussions between the different business units as part of interactive workshops
For more information about our capabilities please contact us.
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