In conjunction
with Rawlings & Co,
DXL
has developed a Ten Step structured modular framework designed to drive and support the
activities of each organisation in responding to the challenge on new
regulations and risk management.
We can
work with management in establishing a strategy and framework, or if
appropriate, take output from this work (if already completed) as
input to our engagement.
In either
case we drive rapid and effective execution of the strategy. We achieve this
through use of risk management tools augmented by our own
proprietary frameworks, tailored to the unique needs of each client.
Our
approach covers the following key steps:
 |
Investigating requirements
and defining risk and compliance strategies |
|
defining risk management, reporting and control requirements
|
|
establishing a risk categorisation framework (see our Risk Frameworks &
Categorisation Workshops process) |
|
performing risk assessment against this framework |
|
identifying existing controls, supporting the business in their
evaluation of the effectiveness of these controls, and mapping these
controls to highlighted risks |
|
defining Key Risk Indicators (KRIs) |
|
defining a loss event classification framework and data collection
processes |
|
working with management to customise the integration of risk assessment,
loss event data analysis and KRIs to satisfy operational risk reporting
requirements, so as to support effective operational risk management.
|
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