PwC named a Leader in the ALM Vanguard: Strategic Risk Consulting
Strategic risk management outlines critical risk exposure across the business, allowing senior stakeholders to account for risk at the strategy setting stage. This enables decision-makers to weigh risk and opportunity in the pursuit of their objectives.
According to Naima Hoque Essing, author of the report, “PwC helps companies generate better value from their risk management programs by better aligning their operating model with the organization’s strategic and business objectives. It seeks to transform risk management function from a bolt-on activity into one that permeates organizational culture in both protecting the company and in creating value.”
Essing further states, “PwC works with clients to fine tune risk appetite measures to increase their relevance and application, drive ownership and accountability, and enhance confidence and clarity in taking risk to deliver real value at all levels of the organization. Practice Structure PwC’s dedicated Risk Consulting practice offers services through seven focus areas, including risk-informed strategy and performance, financial risk and treasury management, risk and resilience, crisis management planning and response, enterprise risk management, regulatory-driven change, and financial crimes/AML.”
Describing PwC’s offering, the report notes, “Service delivery targets three core elements: governance, organization and culture, process and tools, technology and data. The firm builds upon the client’s existing risk programs, focusing on strengthening linkages to business units as it matures capabilities at all organizational altitudes such that risk management evolves from a separate function into an integral part of daily front line operations as well as in the strategy setting environment. To this end, the firm is constantly innovating on its already sizeable collection of services and solution tools that help clients deliver relevant and actionable forward-looking insights to key decision makers to stay abreast and respond proactively to emerging risks and opportunities.”
PwC’s operating systems were also noted as Best in Class. The report states, “PwC is distinguished in its ability to develop and implement enterprise wide risk management programs that are consistent and aligned across risk types and business units, working with the clients to establish appropriate risk strategies, operating models and governance structures adapted to their specific culture and risk appetite.”
Brian Schwartz, Risk Management and Compliance Solutions Leader, PwC US, said of the accolade, "We are excited to be named a Strategic Risk Consulting Leader by ALM. At PwC, we strive to bring our clients pragmatic risk management ideas and practices that not only protect, but also builds trust and confidence in our clients brands, their strategic business and technology plans and initiatives."
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