Services for Board Members

  • What are the requirements for risk management, in particular in light of Solvency II and Basel III?
  • Does your company have an up-to-date risk strategy?
  • Is your risk culture appropriate?
  • Are major risks identified and addressed in due time?
  • Is the risk management system well embedded in the overall management of the company?
  • How can you improve the effectiveness and efficiency of risk management and use it for your monitoring tasks?
  • What are my responsibilities with respect to liability?

Are you a member of the Board or an Audit Committee? Would you like to know about the latest requirements on risk management systems? Are you looking for a coach for confidential discussion of the current status of risk management in your company? 

Would you like to see examples of other companies?

I can help you with my vast experience in the practice and law of risk management. I will coach you based on my HJB Risk-Maturity-Model, which offers a systematic approach that helps you learn about the requirements for an up-to-date risk management system in your industry. My role will be that of a coach in the background who helps you pose the pertinent questions and analyse the responses. This will enable you to evaluate the adequateness of your company’s risk management.

Approach

  • Train you on the requirements for an integrated risk management with clear accountabilities and responsibilities considering the specific needs of your industry
  • Determine the maturity of the existing risk management according to the HJB Risk-Maturity Model
  • Develop questions to monitor the risk management of your company
  • Analyse the responses and identification of room for improvement

The objective is to analyse the adequateness of the existing risk management system, to identify gaps and to develop solutions. An emphasis is placed on your personal liability.

Example

Implementation of an integrated risk management system avoiding redundancies and enhancing the quality and the effectiveness

The company disposes of established risk management functions such as risk management, compliance and internal audit. They have developed in silos and do not interact very well.

 Projekt:

  • Analysis of the central functions risk management, compliance and internal audit
  • Identification of key risks according to the risk strategy
  • Development of a common risk map covering all risks
  • Definition of common metrics for risk evaluation
  • Determining clear responsibilities and accountabilities for risk management, compliance, internal audit and the risk managers in the operational units
  • Establishing a Risk CommitteeDesign of a regular coordination process between the governance functions
  • Establishment of a consistent reporting process to the top management and the board with metrics for ongoing evaluation and early detection of risks