Enterprise Risk Management (ERM) is as much about having a strong risk culture and value system as it is about sound risk management practices. It establishes enterprise-wide risk management principles and serves as a central mechanism for information sharing and standard setting across various risk disciplines.
Our holistic and integrated approach to ERM is underpinned by strong governance, meaningful and practical risk appetite limits, as well as common taxonomies and tools to enable aggregation, analysis, and reporting of risk information to support an insightful business strategy.
Companies need not trade off between managing operational risk and enabling growth and innovation. Enhanced resilience, and reliable processes, controls and systems strengthen the client experience while protecting an institution from financial loss or damage to its reputation.
Our pragmatic approach to sound operational risk management focuses on developing and implementing solutions that help clients achieve their strategic objectives through appropriate identification, management, measurement and control of non-financial risks. Whether it is the development and implementation of an Operational Risk Framework or individual framework elements such as Risk and Controls Self Assessments (RCSA ) or Scenario Analysis, we help our clients create deliberate, fit for purpose, scalable solutions for today, with an eye toward tomorrow.
Compliance and Regulatory Risk
Most financial firms approach compliance as a necessary cost of doing business. The best firms, and the ones poised to succeed in the future, treat compliance as a competitive advantage. These firms leverage automation, data, and agile practices to create customer and client experiences that delight, while simultaneously improving efficiency and risk management outcomes.
At Dextrus Advisory, we believe the best compliance risk management programs are those that are fully integrated with your enterprise risk program and business strategy, where knowledge of compliance risks is distributed throughout the organization, with ownership and controls clearly embedded into your product and service offerings. We help our clients design compliance risk management programs based on where they are along their journey, strengthening controls, and responding to regulatory change to meet the ever changing demands of the marketplace.
Resiliency is not a fad. It is a mindset characterized by a firm’s confidence in its strategic direction and a firm's clear understanding of its customers' needs. It is enabled and strengthened by the certainty of understanding the company's most critical services that deliver value for the customer and the interdependency between the assets that enable them: data, people, process, technology and third parties.
Our Operational Resiliency practice provides practical guidance to help our clients embed resiliency into their operating model. We enable organizations to identify their critical services, providing them with a strong foundation on which they can design and build a complete risk and control infrastructure capable of delivering innovative customer solutions under the most severe but plausible circumstances.
Execution of a contemporary technology strategy must be supported by a strong risk and change framework, and grounded in an understanding of the inherent risks associated with existing and emerging technologies for both the client and the firm.
Today's dynamic marketplace requires a firm to have a relentless focus on the right strategic partnerships, and the confidence to rapidly execute on the process and technology transformations needed to accelerate innovation at scale. Transformations, such as a cloud migration, must be rapid, comprehensive, and flexible enough to adapt to changing client needs and the heightened expectations of the regulatory environment.
At Dextrus Advisory, our approach to information security, privacy, data management, and comprehensive analytics and reporting, enables our clients to view risks to their technology infrastructure and future investments holistically and in alignment with their business strategy, by embedding right-sized risk management into the design, build, and execution phases of their process and technology, positioning them for the journey ahead.
Third Party Risk
Strong strategic partnerships are fundamental to remaining relevant in the marketplace. Successful firms must leverage the innovation available through digital technologies and automation provided by third party partnerships to accelerate the transformation of their operating model and client experience to remain competitive.
We believe firms should consider an extended service model approach, where vendor capabilities are integrated into how value is delivered to the customer. This model requires a firm to go beyond traditional vendor risk management and to treat their third party relationships as extensions of their own operating environment, creating opportunities for long term improvements in service cost, quality, speed, risk, and client delight.
Our third party services enable organizations to improve their innovation cycles and their adoption of digitalization and automation strategies. Performance and risk are at the heart of the extended service model, ensuring that through strong vendor category management, improvements are made in your service delivery strategies, while ensuring that client data and your most critical assets are secure.