In the face of an increasingly complex and uncertain commercial, regulatory and geopolitical environment, financial services organizations are looking to develop a more proactive, systematic and integrated approach to governance and risk management. However, governance, risk management and compliance (GRC) are still primarily seen as a regulatory obligation rather than a value driver.
Effective enterprise-wide risk management can help to underpin sound governance and related compliance requirements by providing a comprehensive framework of internal controls and reporting procedures. The enterprise-wide approach focuses both on familiar financial risks and harder-to-measure strategic, operational and reputational risks. The results are enhanced stakeholder confidence and sustainable value creation.
PwC has a global network of specialists that can provide solutions to all matters related to risk management including policy and strategy, risk-based capital management, benchmarking, systems selection and development, enterprise-wide risk management and integrated governance, compliance and risk management solutions.
We are able to call on the expertise of risk managers, actuaries and other advisors from across the global network. This provides a broad multi-disciplinary perspective to our solutions for emerging issues, such as the new solvency and regulatory regimes (Basel II and Basel III frameworks, the upcoming Solvency II directive) and the operational effectiveness of actuarial and risk functions.
The risk management & actuarial Solutions practice at PwC Israel has over 20 staff providing advisory services to financial institutions across Israel.
Among the advisory services we can offer you are the following: