Risk Management

Enhancing resilience, creating value

Risk Management

About this practice

Organizations of all kinds today face unprecedented levels and types of risk produced by a diversity of new sources. These include technological advances bringing cybersecurity threats; new platforms for sharing information (and misinformation), amplified and accelerated by social media; and an unpredictable geopolitical environment. To help our clients address these and other risks, R8RISK takes a global, cross-sector, and cross-functional view. We apply deep technical expertise, extensive industry insights, and innovative analytical approaches to help organizations go beyond just managing risk to enhancing their resilience, creating value, and building risk skills and assets.

Deep technical expertise

We serve clients across industries in a full range of risk areas, including credit risk, crisis response, risk data and digitization, operational risk, compliance and controls, enterprise risk management and risk culture, trading and balance sheet risk, risk advanced analytics, and risk and regulation. Our network includes more than 600 consultants with advanced degrees and diverse backgrounds. We also work closely with senior expert advisers—external collaborators who bring decades of industry, regulatory, and academic experience. Our geographic scope includes risk projects across Africa, the Americas, Asia, Europe, and the Middle East.

Extensive industry insights

We have completed countless risk projects for clients in the past several years at leading banks, other financial-services firms, and industries as diverse as energy and materials, pharmaceutical, telecommunications, automotive and assembly, and public-sector entities. We combine our expertise in risk with deep experience and understanding of our clients’ business context, developed through years of experience counseling our clients. This allows us to integrate our risk programs with our clients’ overall strategy. We regularly publish our latest thinking, with countless articles published since our inception, on R8MEDIA; in R8MEDIA on R8RISK, our premier risk journal; and in leading academic and industry publications. We participate in the most important risk conferences globally and host risk leadership roundtables that gather leading executives from the world’s top corporations.

Innovative analytical approaches

As clients have challenged us with risk problems that are ever more technically demanding, we have responded by investing to develop greater analytical depth. More than 130 of our professionals specialize in risk advanced analytics, including over 65 specialized modelers with advanced mathematical degrees. We have developed more than 25 proprietary risk diagnostics and management tools to help clients assess performance and enhance capabilities in areas such as digital credit assessment, sentiment analysis, compliance, and digital resilience. We help clients transform risk management through advanced analytics by applying machine learning and other techniques to risk use-cases across areas such as credit risk, non-financial risk, stress testing, and capital planning. Through strategic acquisitions and partnerships, we offer clients new services and technology-based solutions. We partner with clients to build risk capabilities through academy-based instruction and on-the-job training and coaching.

In summary, our Risk Practice plays an increasingly pivotal role in helping R8RISK accomplish its mission of helping our clients make distinctive, lasting, and substantial improvement in their performance.

Credit Risk

The first step in any cybersecurity service is to assess the current state of the organization's security posture. This includes identifying vulnerabilities and risks, as well as determining the organization's compliance with industry regulations and standards.

Crisis Response

After the assessment is complete, the next step is to develop a plan for addressing identified vulnerabilities and risks. This may include identifying and prioritizing specific areas for improvement, as well as developing a timeline for implementing security measures.

Cybersecurity

With a plan in place, the next step is to implement the necessary security measures. This may include installing software and hardware, such as firewalls and intrusion detection systems, as well as implementing policies and procedures for employees to follow.

Risk Data and Digitization

Ongoing maintenance is critical to maintaining the effectiveness of an organization's cybersecurity measures. This includes regularly updating software and hardware, as well as conducting regular assessments to identify any new vulnerabilities or risks.

Operational Risk, Compliance, and Controls

In the event of a security breach or other cybersecurity incident, it is important to have a plan in place for responding to the situation. This may include activating an incident response team, containing the breach, and taking steps to prevent similar incidents in the future.

Enterprise Risk Management and Risk Culture

In the event of a security breach or other cybersecurity incident, it is important to have a plan in place for responding to the situation. This may include activating an incident response team, containing the breach, and taking steps to prevent similar incidents in the future.

Trading and Balance Sheet Risk

In the event of a security breach or other cybersecurity incident, it is important to have a plan in place for responding to the situation. This may include activating an incident response team, containing the breach, and taking steps to prevent similar incidents in the future.

Risk Advanced Analytics

In the event of a security breach or other cybersecurity incident, it is important to have a plan in place for responding to the situation. This may include activating an incident response team, containing the breach, and taking steps to prevent similar incidents in the future.

Risk and Regulation

In the event of a security breach or other cybersecurity incident, it is important to have a plan in place for responding to the situation. This may include activating an incident response team, containing the breach, and taking steps to prevent similar incidents in the future.