Consulting in risk management

Ø   Benefit from risk management, including:

§   Preserving institutional value.

§   Ensure that the business entity complies with the risk management requirements stipulated in the instructions and decisions of the regulatory authorities.

§   Work to reduce the effects of various types of risks to which the business entity is exposed and to develop an effective framework for identifying, measuring, analyzing and developing procedures and systems to reduce them.

§   Enhancing the efficiency of the business entity's performance and ensuring the integrity of its financial statements and effective internal control systems.

§   Improving credit rating.

§   Ensure the ability of the business entity to continue to provide products and services at acceptable levels in the event of exposure to events that cause interruption and thus achieve competitive advantage.

§   Improve business entity processes and increase awareness of critical operational aspects.

§   Save costs and avoid financial losses.

§   Protect the interests of the stakeholders and the reputation and brand of the business entity.

Ø  Risk management consulting includes:

§   Prepare periodic reports on the nature of the risks to which the company is exposed, which are submitted to both the Risk Committee and the Board of Directors.

§   Preparing the charter of the Risk Committee.

§   Preparing policies, procedures and business models that identify all risks that the company may be exposed to, classifying them, methods used to measure them, how to manage them properly, and continuous control over them.

§   Risk assessment for related party transactions.

§   Setting up a risk management framework.

§   Risk management reports.