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Enterprise Risk Management

The challenges companies have faced in the recent global economic downturn have only underscored the importance of properly aligning corporate goals and objectives with risk.  At Argy we too recognize the challenges faced by companies today and that is why we have a team of professionals with deep technical knowledge and extensive industry experience to assist clients with business issues across the broad spectrum of accounting, governance, regulatory compliance, process improvement, data analytics and risk advisory disciplines.

Enterprise Risk Management (ERM) is the leading approach for companies to most effectively manage risk.  The principle underlying ERM is for companies to define risk in correlation with their business goals and objectives and to a establish risk “appetite” or tolerance, for managing risk.  The recent economic challenges faced by companies have clearly demonstrated the need to incorporate cross-enterprise risk in establishing corporate strategy.  The appreciation for defining and managing risk is not new to the business community; however the concept of implementing a risk management program and moving it from a “project” to a “process” is relatively new thinking that is no longer considered a luxury by many organizations but rather a must have. 

At Argy, our team of professionals approach ERM from a practical perspective, focusing on delivering operational-ready solutions designed to balance a companies need to stay focused on day to day operations with the requirements of properly managing the risk to the company.  Our professional’s helps clients identify and assess material risks, develop specific mitigation strategies, and implement or enhance the effectiveness of already existing ERM programs.

Our services include:

• Implementation of the ERM infrastructure — our typical services include building communication protocols, designing and implementing governance frameworks, and developing material risk scoring mechanisms and cards and tracking systems.
• Assessment of current state ERM initiatives — our typical services include a review and analysis of an organization's risk tolerance, current exposures, and management practices, resulting in the prioritization of key risks and an understanding of the risk infrastructure.

As a part of our ERM service offerings we have assisted our clients with:

• Developing an organizational response to material risks.
• Performing a review of opportunities for implementing or improving an already existing ERM program.
• Working with management to evaluate the risk\reward response considering the typical options of risk retention, risk avoidance, risk mitigation or risk transfer.  

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