Risk Management

Customized Risk Intelligence

At Ross + Schuda we give leaders the customized risk intelligence they need to take risks strategically and confidently. Risk intelligence gives visibility to the structural integrity of the business and how well current processes are functioning. It is having access to the right information at the right time so leaders can activate quickly, saving time and money.

Risk Intelligence is customized for each client based on their objectives and strategic needs.

  • A risk assessment is a snapshot of a company’s risks and controls, used to guide decisions, allocate resources wisely, and protect the business. Risk assessment allows leaders to see where the company is most vulnerable (such as: operations, finance, compliance or reputation) and take informed steps to improve the organization.

  • Effective policies and procedures define the rules and how the rules are followed. Clear, concise and integrated governance documentation supports consistent quality in your operations, while delivering best-in class customer and employee experiences.

  • A strategic and risk-focused approach to AI adoption can maximize benefits without unnecessary risk exposure to the vulnerabilities of AI (e.g., hallucinations, data privacy, false sources cited, etc.). Investments in AI are more likely to produce a high ROI when the right controls are in place.

  • An effective risk management program includes measuring and monitoring. Clear and accurate reporting provides visibility to leadership, stakeholders, and board members to allow for informed and strategic risk-taking.

  • A comprehensive disaster recovery plan outlines potential business disruptions (e.g., natural disasters, security breaches, system outages) and how the company will respond to maintain business continuity.

  • Effective issue management processes support timely identification and resolution of concerns, which provides peace-of-mind to business leadership, employees, and customers. This work also includes secure reporting channels for customers and employees to raise concerns. Centralized tools to manage the lifecycle of issues including corrective actions and associated risks are also key considerations.

  • Sound operational and risk-aligned programs are integral to continued success. Program Development can encompass enterprise-wide risk management, or can be tailored to a specific topic such as conflicts of interest or root cause analysis. The use of Artificial Intelligence is discussed and considered during program development.

  • Execution of polices, procedures and programs is dependent upon employee knowledge and understanding. Customized training on risk, ethics, or specific initiatives and programs, supports effective program integration.

Ongoing Risk Advisory

Your Outsourced Risk Experts

Many clients prefer to maintain an ongoing relationship with Ross + Schuda through our Ongoing Advisory service. This retainer-based engagement allows clients ongoing support from a risk management perspective. Through this ongoing advisory service we develop the institutional knowledge necessary to provide prompt and meaningful advice and information.

  • Recurring reviews of current business operations and emerging risks ensure that risk management programs are up to date and functioning as designed.

  • Organizations may have need for external expert reviews or assistance with preparation for key reporting.

  • Risk reviews and assessments may be needed for unplanned events, such as a complexity arising in a product launch, or taking on a new line of business.

  • When unforeseen events occur we offer support and guidance as the disaster recovery plans are executed. Having trusted experts on hand during these stressful times provides our clients with confidence in resuming operations as quickly as possible.

  • All risk-related documents (policies, procedures, frameworks, etc.) need updates to reflect current business operations and requirements. Outsourcing this process saves our clients valuable time and resources.