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.
Nepal Rastra Bank has issued a circular dated 2074-08-13 on Risk Management Directive. The directive has discussed on Risk Management, Risk Management Program, Oversight, RM function, Limit, Risk Appetite, classification of risk, credit risk management, operation risks etc.
The directive has focused on the requirement of:
- Defining Risk Management Program
- Risk Appetite shall be decided along with the Tolerance Limit
- Identify Material Risks involved in the operations
- Appropriate segregation of Duty shall be ensured
- Adequate Internal Controls shall be in place to mitigate the risks
- Disaster Recovery and Business Continuity Plan shall be defined
The NRB circular can be accessed here. Our major offerings in Risk Management Service can be accessed here
