Our practical approach combined with a quantitative model and developed from the bottom-up has immediate demonstrable impact. We suggest a multi-phased approach beginning with a risk appetite framework, training workshops and applying the concept in a small number of areas before wider extrapolation and engagement at board or committee level.
We’ve developed a proprietary financial risk tolerance model which we use to support our risk appetite discussions
Specifically for risks - such as health and safety where the appetite was very low, we helped them articulate what this means; setting out the minimum controls that would be expected by the Board and how this would be measured. Indeed, some minimum expectations turned out to be aspirational with clear gaps and priority actions. The Chief Operating Officer commented that this exercise brought about discussion topics and focus that would never otherwise, be talked about at the Executive Committee.
- CFO, Major UK Airport
If the UK votes to leave the EU on 23 June it could have a significant impact on your business. What, if anything, should companies be doing ahead of the referendum?
Applying actuarial techniques to help clients build brand value and customer loyalty.
Decisions in the oil and gas industry – especially at the exploration stages are fraught with uncertainty. We are working with companies in this sector to optimise risk and returns in investment decision making using a range of quantitative techniques.