Risk Management
Project-based consulting services for companies looking to build or elevate existing programs
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.
We are more than consultants. We are trusted partners.
Our project-based risk intelligence services are dependent on a thorough analysis and understanding of each client’s needs. It starts with a conversation. We ask questions, listen carefully, learn about our client’s business objectives, and customize a proposed set of risk solutions to ensure each organization is receiving best-in-class products and services. Each client presents a unique set of challenges and concerns, requiring careful consideration for the exact set of services needed for each engagement.
Our unique, multi-dimensional approach.
Company objectives and values are parts of the conversation. The integration of company values and an understanding of how humans impact the risk framework is a unique feature you won’t find at other consulting firms. History shows companies achieve more financial success when they focus not just on the operations of their company, but also on establishing an environment and culture where employees want to do the right thing, speak up when they notice something isn’t right, and are empowered to contribute innovative ideas to the processes they execute on a daily basis.
We deliver an improved ability to manage disruptions, empower decisions, and optimize performance.
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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.
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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 a comprehensive AI Governance Program is in place.
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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.
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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.
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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.
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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.
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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.
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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 Advisory
Outsourced risk management experts for companies looking for ongoing support
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.
Our ongoing engagements allow for continual assessments and monitoring in the quickly-evolving environment. The risks facing companies are not stagnant, which means risk programs need adjustments to stay current and ensure the risk intelligence continues to provide the insights needed for strategic decision making. Companies save money with outsourcing this work, and gain the advantage of our field-based expertise which gives collaborative insight into emerging trends and best practices across industries.
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Establishing a comprehensive risk management program is not a one-time exercise. Managing risk is an ongoing effort. Outsourcing this process saves our clients valuable time and resources.
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Recurring reviews of current business operations and emerging risks ensure that risk management programs are up to date and functioning as designed. We keep a finger on the risk pulse of your industry so you can focus on your work and priorities,
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Generating ongoing risk reporting is an integral part of keeping leadership, the Board, and stakeholders up-to-date on the health of the organization. This service alleviates clients of generating ongoing reporting that can feel cumbersome and overwhelming to produce internally.
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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.
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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.