Risk & Governance
We help to identify, analyse and evaluate your risks.
Risk management involves a complex infrastructure of systems, best practices, methodologies and people, all implemented to identify, assess and limit selected risks. We help in the process of identifying, assessing and controlling threats to the organisation's capital and earnings.
Risks could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and their data-related risks, and the risk management strategies to alleviate them, have become a top priority for future-focused organisations.
Effective risk management attempts to control future outcomes by acting proactively rather than reactively. We work with organisations to attempt to prepare for the unexpected by minimising risks before they happen.
Risk is often symmetric - if you have risk you must also have an opportunity. We turn your risks into opportunities
Why Risk Management?
By implementing a risk management plan and considering the various potential risks or events before they occur, an organisation can save money and protect value. This is because a robust risk management plan will help a company establish policy and procedures to avoid potential threats, minimise their impact should they occur, and cope with the results
This ability to understand and control risk enables organisations to be more confident in their decisions. Furthermore, strong corporate governance principles that focus specifically on risk management can help a company reach their goals sooner.
The Value Propositions
Everyone must manage risk.
Every organisation faces risks. The purpose of risk management is not to eliminate all risks. It is to minimise the potential negative consequence of risks. By working with risk managers, employees can make smart risk decisions.
Risk management makes jobs safer.
Health and safety are critical parts of a risk manager’s role. They actively seek out problem areas in the organisation and look to address them. A safer workplace is better for everyone and is dramatically impacted by correct risk management.
Risk management enables project success.
Just as they assess risks and develop strategies to maximise organisational success, they can do the same for individual projects. Employees can reduce the likelihood and severity of potential project risks by identifying them early. If something does go wrong, there will already be an action plan in place to handle it. This helps employees prepare for the unexpected and maximise project outcomes.
Risk management reduces unexpected events.
A risk manager’s goal is to map out all potential risks, and then work to prevent them, or to best manage them. It is impossible to think of every possible risk scenario and address them all. But a risk manager makes unpleasant surprises less likely and less severe.
Risk management creates financial benefits.
The risk department should not be viewed as a cost centre for the organisation. In fact, it directly creates value. With trend analysis, risk managers can identify high-frequency events and work to minimise repetitive losses. Incidents will be less likely to occur and have less of an impact when they do, potentially saving the organisation thousands if not millions of dollars. Risk managers are also the experts who secure the appropriate insurance program to balance the financial impact of the risk management program.
Risk management saves time and effort.
Employees at all levels spend time submitting data into the risk management department when incidents occur. These tasks are often completed in disjointed and inefficient ways. By streamlining these tasks, the risk department can alleviate the burden of tedious data submission from employees, allowing them to direct time and energy towards their true roles. With a solid process in place, it is easy for employees to buy-in to high ROI risk management initiatives and facilitate risk managers’ roles, and reap the benefits of a formal risk management program.
Risk management improves communication.
Horizontal and vertical communications are essential for organisational and employee well-being. They promote understanding of internal and external issues and help everyone work together effectively. While many employees know this, it can be difficult to put into practice if some parties do not understand the impact it can have. Risk managers can help. They aid horizontal communication by providing a centralised touchpoint for all risk data and providing reports and analysis. Risk managers promote vertical communication by setting expectations and relating data to organisational goals. Each additional method of communication benefits employees.
Risk management prevents reputational issues.
Many risks involve a reputation factor - something happens that causes the public to view the organisation adversely. Reputational issues could impact individual employees as well, even if they were not actually personally involved. A formal risk department greatly reduces the likelihood of this domino effect. When an incident inevitably occurs, a formal risk management program and processes will quickly contain the event and reduce the chance of escalation and widespread negative consequences.
Risk management benefits culture.
A strong risk management culture is better for all parties - frontline employees, risk managers, executives, and decision-makers. It creates a mindset of prevention and safety that permeates the organisation and influences the actions of employees. It sets expectations of performance and sends a positive image to the public.
Risk management guides decision-making.
Risk management data and analytics can guide employees in making wise strategic decisions that will help meet and exceed company objectives. They can also advise on the strengths and weaknesses of a decision alternative and provide recommendations on which risks to pursue and which to avoid.
We manage your risks, build your business resilience and accelerate your growth.
How We Do It
We leverage internal and external data sets across your organisation, to create digital models that represent the current risks and opportunities present. The data sets can detect potential risks and opportunities stemming from a wide range of events. Our process adopts a data-driven and proactive risk management approach, by collecting data across the organisation, whilst leveraging the latest technologies to visualise the risks and opportunities that are present. This allows for opportunities to be explored and risks mitigated and controlled before they turn into an incident that disrupts the business.
We are a specialised risk management consultancy implementing the latest technologies and best practices for businesses to manage their risks, build their business resilience and accelerate their growth.
The Vision of Eagle Edge is to be the catalyst for risk transformation, resilience creation and growth acceleration of our client's enterprise value. We turn risks into opportunities.
Effective Risk Management programs help organisations grow faster.
Cars have brakes as one of their key features. The obvious advantage is to make the car stop, to reduce its speed, or to otherwise make an planned impact on a car’s behaviour. However, the number one benefit of having brakes is to be able to go fast. If you have a great brake system, visibility, and optimal driving conditions, you can go even faster. Similar to cars needing brakes to control its’ speed, companies need robust risk management along with an enabling software tool to increase the controlled speed of their business.
Risk Management goes digital, integrated, and holistic.
For companies embracing digitalisation, it is more and more common to talk about DRM (Digital Risk Management) and IRM (Integrated Risk Management). The IRM concept was introduced to meet the increasingly complex needs related to digitalisation, cybersecurity, and risk management affecting most businesses across its operational domains. The failure to manage your digital risks is likely to disrupt your digital business, and expose your organisation to potential impacts well beyond a simple opportunity-loss.
The current situation in many organisations is a siloed operation in digital coexistence, often lacking a unified tactical approach to risk management. This in turn drives regulatory and organisational compliance management, legal management, audit management, third-party risk management, digital risk management, and business continuity management. By having optimal internal and external conditions, you will be confident that you have a clear view with no obstacles ahead. You can go fast. The more you trust your risk management program the faster you can go. You do not have to be as concerned about cyber threats, business continuity in case of disasters, unethical behaviour, transactional data integrity, or fines for regulatory compliance breaches. Prioritise investments to drive performance - and rest assured that your vehicle will behave according to the actual conditions.