Enterprise & Operational Risk Management

In today's dynamic business environment, companies must identify, assess, and respond in real time to numerous complex challenges. Designing and sustaining an effective risk management program is paramount. Risk management is no longer just about compliance or limiting liability. When done well, it positions organizations to seize opportunity. Enterprise risk management (ERM) and operational risk management (ORM) programs create a clearer picture of organizational risk and enable executives to focus on what matters most.

Why MorganFranklin?

MorganFranklin delivers ERM and ORM solutions that include current-state risk assessments and sustainable, integrated risk management programs. We perform comprehensive risk assessments and train organizations on the most effective ways to integrate risk management into the business. Our customized reporting tools promote transparency, support decision making, and facilitate ongoing risk monitoring.

MorganFranklin's ERM and ORM methodologies can be implemented in any organization, regardless of current risk management maturity or desired future state. Integrating ERM and ORM programs with existing compliance and internal control efforts, we tailor our five-step approach to each organization's people, systems, and processes:

  1. Current-state assessment
  2. Framework and governance development
  3. Execution
  4. Risk review and reporting
  5. Ongoing risk monitoring

Capabilities

  • Risk profile assessment
  • Risk inventory and impact assessment
  • Risk management policies and procedures definition
  • Organizational roles and responsibilities outline
  • Enterprise risk management framework building and implementation
  • Risk mitigation strategy and action plan enforcement
  • Continuous controls and monitoring
  • Predictive reporting

Impact & Value

  • Build risk-aware culture with clear accountability to adhere to policies and procedures
  • Provide accessible training resources
  • Identify key risk indicators (KRI) to optimize business performance
  • Establish standard processes to manage and measure risk exposure
  • Adhere to risk policies and procedures
  • Implement dynamic reporting capabilities providing real-time information