Risk Management Consulting Services

Our Risk Management Consulting Practice partners with financial institutions to help them manage the complexities associated with enterprise and operational risk. Our team is comprised of former Big Four Risk Management Consultants and heads of risk departments within leading financial institutions. With this experience, we provide comprehensive risk consulting services that encompass the entire enterprise and operational areas specific to your institution including: interest rate risk, liquidity risk, operational risk, reputational risk, and strategic risk.

Our team will assist you in creating a practical, scalable, and sustainable risk management framework that will help them identify, assess, monitor, and report on key risks affecting your institution. Developing a formal risk management program is an iterative process that requires collaboration between the Board of Directors, the Management Team, and all lines of business and support functions in order to be successful.

Some of the risk management activities we consider when serving our clients include:

• Governance and Organization (including Policies and Standards)
• People, Roles and Responsibilities, and Performance Expectations
• Risk Assessment
• Risk Monitoring (i.e., Risk Metrics)
• Risk Reporting
• Communication and Training

By teaming with ICS to develop or maintain a practical and effective Risk Management Program, you will derive the following key benefits:

• Improved identification and visibility of risks across the organization, with linkage of risk management objectives to your business strategy and regulatory requirements.
• Increased cooperation, alignment, and communication across business, operational, and corporate functions.
• Improved understanding of employee roles in relation to risk management.
• Improved response to high-risk situations and more complete information provided to senior management and the Board.
• Reduced amount of risk management issues, possible financial losses, and reputational issues.
• Long-term linkage between growth, risk, return, and performance.

Learn more about how we are uniquely qualified to serve your financial institution:
» International Banks
» Community Banks
» Credit Unions
» Bank Holding Companies
» Money Service Businesses
» Asset Management Firms