Our Risk Advisory Services help clients manage risk and uncertainty. We provide an array of services that can help you to better measure and manage risk and control, and to enhance the reliability of systems and processes throughout the organisation.
Risk management is no longer simply a matter of identifying and mitigating risk. today’s organizations must go above and beyond, and implement proactive structures that not only detect risk, but also enhance the strategic and operational foundations of their business.
SARA’s Risk Advisory Services Practice helps the clients to manage risk through the creation of sound internal controls. SARA has a deep understanding of industry issues and provide guidance to public and private companies alike – from startups to top corporates. We also help clients design and implement global compliance programs and drive results through internal audit.
Our practice combines the personal involvement of a trusted advisor with the resources of international network in case to case basis, facilitating a swift turnaround for even the most complicated matters.
SARA has assisted corporates, specially Banking Sector, as implementation partner to assist in creating and implementing the risk management framework across the organization in line with current regulatory direction and business requirements of better governance and control environment.
The major offerings in Risk Management Service in Banks has the objectives to:
- Align the existing Risk Management policy to the new Risk Management regulatory requirements
- Effectively implement Risk Management framework across the organization
- Create/Update the risk registers, identify the process to update the risks on an ongoing basis
- Assist in formulating Risk Based Internal Audit Plans
- Categorise and prioritise the risks based on the Impact and the Likelihood of risk occurring
- Document Risk Mitigation plans and create the monitoring mechanism for reporting the effectiveness
- Contribute to strengthening the overall governance and control across the organization