A newly launched diversified financial services company engaged Tata Strategic to establish and institutionalize an Enterprise Risk Management process.
Tata Strategic ascertained various types of risks – market, credit and operational risks and their impacts on diverse business lines. Metrics were identified to track and monitor the risks via dashboards. Triggers were defined and mitigation plans were developed keeping in mind the identified risks.
The client rolled out the process setting clear roles and responsibilities for risk management.