Transforming risk and compliance: Facing fears with facts
Five common reservations about technology and transformation that don’t stand up to the facts
Don't just manage risk, profit from it
Powered Enterprise | Risk (Powered Risk) is KPMG's flagship offering for risk transformation, integrating our forward-looking point of view on risk managment and deep industry knowledge with leading cloud technology and global delivery capabilities. It helps risk and business professionals answer important questions:
- How can risk and compliance functions dynamically respond to emerging risks, as well as increasingly complex regulations and regulatoryenforcement actions?
- How do I respond to stakeholder mistrust in how we handle their data, and how can the risk function allay their fears?
- How do I get value from my risk and compliance data and inform business decisions?
- How can I change the organization's mindset and culture to embed risk management across all operations?
- How do I proactively manage the magnitude of risks, compliance obligations, and issues facing my business?
Powered Risk’s outcome- and insight-driven risk and compliance management can be a value generator for the future-focused organization—allowing it to proactively manage the risk/return equation to deliver a competitive advantage. It delivers on the promise of deploying capabilities to help an organization identify, assess, mitigate, monitor, and report on risk and compliance exposure to help enhance stakeholder trust. A trusted business has the opportunity to be the most confident and disruptive innovator on the block.
Manage and monitor with KPMG Powered Risk
Powered Risk is not about putting the risk function in the cloud; it is a holistic risk transformation program that addresses every aspect of the risk operating model—across all lines of defense.
Introducing KPMG Powered Enterprise | Risk
Tomorrow's risk function. Today.
Powered Risk can help advance today’s risk and compliance functions, so that an organization can direct its primary focus on its core business confidently and reduce its time worrying about risks. It can offer transformative capabilities, including:
- Better insight for business decisions:
- agile, real-time risk reporting for board, risk committee, and business unit leaders
- adaptive risk management aligned to the business model
- Mitigated exposures:
- strong leadership and risk culture embedded in our ways of working
- potential for reduced exposure to fines and remediation costs
- Greater speed:
- more efficient risk and compliance implementation compared to traditional approaches
- execution of Powered Risk in a matter of months, including holistic implementation of programs, processes, people/operating model, and technology.
Imagine greater
Insights
Real-time risk reporting to help drive new strategies and improve upon existing ones
Savings
Reduced project timelines and cost savings linked to the efficient delivery and implementation
Flexibility
Services-driven risk design that adapts to your changing business requirements with reduced re-work
Trust
A risk program that enables trust with internal and external stakeholders
What's in the box?
Powered Risk provides a formidable combination of leading practices and processes, tested technology solutions, and a next-generation delivery framework. It delivers transformative outcomes at a rapid pace, with reduced delivery risk, and increased speed to value.
- The Target Operating Model shapes how transformation plays through every layer of your organization
- The Powered Execution Suite is an integrated platform of next generation tools to help deliver functional transformation
- and Powered Evolution provides access to specialized resources to drive continuing evolution.
Contact us today to get started.
