ERM Questions?
Rethinking Your ERM Program
Sheshunoff Consulting + Solutions can provide you with a new way to view your organization and in turn you will benefit by balancing risks and rewards. We can help you manage your financial institution’s risk across the entire institution with our Enterprise Risk Management advisory services. Our approach is intended to treat the many risk categories—credit, market, interest rate, liquidity, compliance, finance—as interrelated and identify like ways to manage the various risks.
SCS recognizes that most banks have made significant investments in developing risk management policies, procedures, and processes. Our consultants will conduct a comprehensive assessment and work with you to develop solutions to help mitigate the risk exposures revealed during the assessment.
The Outside In, Inside Out, Top Down, Bottom Up Approach
Our experts can assist in guiding your institution toward a more strategic view of risk management, one where you recognize all the parties who have an interest in your institution and its success—the public, and others external to the institution, the board of directors, shareholders, executive management, business lines, and internal audit, and compliance. And last but not least, those overseeing you—the regulators, and others in a legal and supervisory capacity. This is the basis of the Outside In, Inside Out, Top Down, Bottom Up Approach.
We would conduct a thorough assessment of where you are today and from there do the following:
- Use your financial statements to define your ERM Program
- Determine critical ratios to manage through the risk management function
- Perform high level assessment of the institution’s strengths, weaknesses, opportunities, and threats with the Board and Executive Management in mind
- Work from the “bottom up” with business units to identify and quantify key risk exposures
- Determine how to make decisions from the information being reported
Tailored to your Institution’s Needs
Your institution is a dynamic organization that is constantly changing in response to the needs and demands of the marketplace. Our experts are ready to advise you on the best ways to manage your ERM program so it is truly enterprise wide, and effectively works to mitigate losses.
Read Enterprise Risk Management: How to (Finally) Get Value Out of All of Your Efforts