Austin, Texas - December 22, 2009 - Sheshunoff Consulting + Solutions announces a new, innovative approach to identifying, quantifying and monitoring risks faced by financial institutions. SCS’s ERM - Enterprise Risk Management - advisory services are designed to assist banks in adopting a strategic, broad perspective on their whole business so they can better forecast risk exposures before they affect bank performance.
According to John Hurlock, Director, Consulting Service, “SCS comes into your institution and baselines your current risk management program, identifies appropriate key risk indicators for strategic risk management and assists in enhancing your current risk management program, leveraging existing investments and developing enhancements as needed.”
SCS’s ERM advisory services will help financial institutions set up an early warning system and analyze trends to predict financial as well as operational risk exposures with a focus on the balance sheet and the ultimate goal of improving overall profitability.
“This approach allows an outside view of the bank to see whether it is more risky than it was during a strong year,” says Hurlock. “Think of it as sort of a stress test on the balance sheet”.
For further information about ERM and SCS’s unique approach, read the whitepaper - Enterprise Risk Management-How to (Finally) Get Value Out of All of Your Efforts”.
About Sheshunoff Consulting + Solutions
For more than 35 years, Sheshunoff Consulting + Solutions has been a leading financial services industry consulting firm. SCS enhances its consulting services with proprietary technology solutions, and also offers its financial industry customers executive development programs and investment banking services. Sheshunoff is a trusted advisor to the banking industry, providing institutions with the tools they need to improve profitability, optimize business processes, manage risk, maximize technology, and meet regulatory requirements. Ultimately, SCS positions institutions for long-term growth.
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