Today’s organisations operate in an environment where risks are interconnected, rapidly changing and often difficult to predict. Digitalisation, cyber risk, regulatory requirements, supply chain instability, geopolitical developments and the use of artificial intelligence mean that risk management must be holistic, forward-looking and decision-oriented.
Effective risk management helps organisations identify, assess and manage risks that may affect the achievement of strategic objectives. It gives the board and management greater visibility over critical risks, reduces unexpected surprises and strengthens governance and control systems.
A proactive approach to risk management helps organisations make better-informed decisions, respond to change more quickly and create a stronger foundation for sustainable growth and long-term resilience.
How we can help
- Setting up a risk management system and assessing its maturity
- Specialist support throughout the risk management cycle
- Fostering a robust risk culture
Setting up a risk management system and assessing its maturity
We help organisations design a risk management system that fits their operating model, objectives and risk environment. A well-structured system enables organisations to respond to risk faster, more coherently and more effectively.
We support clients in areas including:
- Designing risk management processes, roles and responsibilities;
- Defining risk appetite and risk tolerance to support decision-making;
- Developing risk matrices and assessment criteria;
- Assessing risk management maturity and alignment with recognised frameworks;
- Mapping process- and function-based risks;
- Assessing the control environment and risk mitigation measures;
- Evaluating opportunities to use technology and AI in risk monitoring, analysis and reporting.
Specialist support throughout the risk management cycle
We provide comprehensive support at every stage of the risk management cycle — from identifying risks to developing mitigation plans and incident management processes. Our solutions are tailored to organisational needs and combine best practice, tools and practical experience.
We support clients in areas including:
- Enterprise-wide and function-specific risk assessments;
- Assessment of strategic, operational, financial and compliance risks;
- Improving cross-functional risk management and information sharing;
- Developing and updating risk mitigation plans;
- Managing supplier, partner and other third-party risks;
- Designing incident management processes, data structures and controls;
- Using IT solutions and analytics to visualise and monitor risks.
Fostering a robust risk culture
A strong risk culture helps organisations align strategic objectives, risk appetite and day-to-day decision-making into one coherent whole. We help organisations shape the principles, behaviours and processes that support more informed risk management across the business.
We support clients in areas including:
- Holistic design of governance, risk management and compliance frameworks;
- Improving alignment between strategy, internal rules and decision-making processes;
- Strengthening risk reporting and internal communication;
- Assessing the strengths, weaknesses and development opportunities of risk culture;
- Building risk awareness among leaders, control owners and teams;
- Supporting risk culture change and embedding new behaviours.
Experienced Estonian risk management and GRC professionals
A practical approach linking risks to management decisions
International methodologies and a global network
Experience across public, private and financial services organisations
Contact us
Karin Grents
Leader of Governance, Risk, Compliance (GRC), and Internal Audit services, PwC Estonia
Tel: +372 614 1800
