Risk Identification
- Process Review
- Program Review
- Documentation Review
- Risk Appetite
Every action taken, step walked and customer contacted inherently creates risk but not all risks are created the same or need to be treated the same.
We can help you discover your risk and create a plan to meet your risk tolerance.
Control Assessment
- Control Identification
- Gap Identification
- Compliance Mapping
- Regulatory Mapping
Are there points in your process where you are taking action to prevent or reduce risk? Are the actions being taken sufficient? Are there gaps where actions aren't taken or are underdeveloped?
Knowing and understanding what controls you have or may not have will help you determine what exposure your business is willing to accept and create a plan to address concerns.
Compliance Testing
- Control Testing
- Process Testing
- Issue Validation
- Quality Assurance Testing
Knowing how your controls and process are complying with the business need and risk mitigation will help reduce the issues and findings from auditors, regulators, or customer impacts.
Knowing there is a concern or validating the process is working on your own terms will help demonstrate your proactive approach to risk.
Issue Management
- Root Cause Determination
- Impact Analysis
- Solution Action Planning
- Issue Closure & Validation
A break in a process can introduce unwanted risks. Ensuring there is acknowledgment of the issue and a documented root cause, impact, solution, and validation plan will provide stability.
Creating the plan will ensure appropriate corrective action is taken to permanently solve the issue and produce the desired Business Objectives.
Remediation
- Planning
- Execution
- Validation
- Sustainability
Ensuring issues with controls, business operations or process are effectively managed throughout the lifecycle and confirmed to be truly solved and sustainbile will provide for future growth and improved compliance.
Print