{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.title}}
{{item.text}}
Innovate Risk Management with PwC's Advanced ERC Solutions
Rapid changes in the business and regulatory landscape influence risk management decisions on a daily basis. Striking a balance between transformation and value creation, while ensuring compliance with evolving regulations, navigating an unpredictable risk landscape, and facing fierce competition, calls for a new approach.
By embracing innovation in governance, risk, and compliance activities, organisations can seize opportunities, navigate uncertainty, and meet the expectations of stakeholders. PwC specialises in supporting leading organisations worldwide, enabling them to confidently navigate risk and drive lasting change by fostering a risk-resilient business culture.
Combining our profound business understanding, technical expertise, and advanced data and technology capabilities, we simplify complex challenges, enhance operational efficiency, and execute with agility and effectiveness.
Unleash the full potential of your business by embracing our transformative approach to risk management. Contact us today to discover how we can empower your organisation to create value while safeguarding against governance and compliance risks.
Solutions built on risk management expertise and leading-edge technology
Creating trust and building resilience with valuable insights
- Risk management
- Controls frameworks and controls validation
- Third-party risk management
Risk management
Based on the latest COSO’s Enterprise Risk Management (ERM) Framework (2017) embedding management mechanisms that proactively identify, measure, prioritise and manage risk to provide leaders with valuable insight they need to make informed decisions.
Our services include:
- Helping establish strong risk governance in all business areas
- Providing support in developing methodologies, policies and procedures to help run your own risk management processes
- Supporting / coaching your risk committees (at management or board levels) including developing their terms of reference
- Running risk workshops with the management team to facilitate brainstorming and develop organisation’s risk profile
- Interviewing your staff in order to develop a company's risk register
- Developing Key Risk Indicators (KRI's), and risk tolerance statements for Business Units
- Developing your risk appetite statement
- Advising you on ways to get more value from your existing ERM process
- Injecting challenge into decision-making as part of making risk appetite real
Controls frameworks and controls validation
A timely review of your processes and controls to help ensure their designs continue to address your needs and risks, and ensure their efficiency and effectiveness.
Our services include:
- Developing strong board and management processes to enable effective governance
- Guiding management to develop a clear "tone from the top"
- Measuring and monitoring your control culture
- Ensuring your processes incorporate expected levels of key controls
- Documenting your process flows and controls needed to support US SOX and any other relevant regulations
- Leveraging cutting-edge technology to provide 24/7 review of key processes to identify issues (i.e. continuous monitoring)
- Developing monitoring systems to ensure your controls operate to support local governance and reporting needs
- Delivering internal controls training to management and staff
Third-party risk management
In an interconnected business environment, knowing your business partners and vendors is critical to maintaining the trust and confidence of your customers and stakeholders. By bringing together industry-specific skills in technology, regulatory compliance, financial and accounting and other business processes, we help you assess your third party risk management programme.
Our services include:
- helping to design and implement a third party risk management framework
- reviewing the overall framework for third party risk
- a specific deep dive over a specific outsourcing arrangement
- development of remediation programmes after a service failure
- designing and operating a compliance programme for managing service provider relationships
- supporting on reviewing frameworks for regulatory compliance
- completing assurance reviews for the benefit of regulators
Business model reinvention enabled by data and technology
- eGRC implementation
- Risk modelling
- Digital tools addressing specific risk topics
eGRC implementation
Modern technologies such as centralised data platform and cloud computing are critical for companies to scale and sustain data and analytics operations. PwC helps client across many areas: to establish centralised data platform consolidating organisation’s valuable data assets and enable agile data analytics to provide business insights; to provide digital asset management solution that can efficiently store, organise, manage, access and distribute an organisation’s digital assets.
Leveraging our deep-dive industry understanding and digital technologies knowhow, PwC also helps clients create new — or modify existing — business processes, culture, and customer experiences to form core competitiveness to adapt to the changing business and market requirements in the new digital era. Meanwhile, we could provide stakeholders with unbiased, forward-looking issue and risk alerts to help the project stay on track to deliver expected business benefits.
Risk modelling
PwC helps clients identify trends, search for patterns and uncover previously unknown correlations in financial and operational data, thereby reducing the companies’ operational costs through end-to-end value chain optimisation and engine the sales growth through data enablement to reveal customer insights.
Together, we’ll explore advanced analytics technologies, test innovative ideas, and uncover ways to rethink the way you do business.
Digital tools addressing specific risk topics
As a top risk technology provider, PwC collaborates with technology alliance partners and develops in-house solutions to enhance its portfolio of digital products and solutions. These solutions help leverage technology to manage risks across a range of emerging topics, such as global compliance, third party risk, supply chain risk, fraud risk, and industry sector-specific risk.
Seizing opportunities of adopting emerging technology to manage risks
- Seizing opportunities of adopting emerging technology
Seizing opportunities of adopting emerging technology
With the application of customised machine learning and AI digital solution, PwC helps client proactively manage risks and achieve targeted business outcomes. This includes:
- Leveraging internal and external data strategically to predict risk and proactively address root causes.
- Using cutting-edge technologies (such as machine learning and GenAI) to help enhance client’s corporate trust, reduce the lead time in key risks identification, and provide robust support in navigating the complex risk landscape.
- Streamline the risk management process by automating repetitive tasks and reducing the risk of human error.
- Enabling the creation of new risk detection metrics through big data and GenAI modeling, correlation between Key Performance Indicators and Key Risk Indicators, and integration of three lines.
- Synchronising real-time risk exposure and warning system for users, allowing them to respond quickly in the early stages.
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
