When the Responsible Entity of a Mortgage Fund with stretched internal resourcing was faced with a looming deadline to develop a Risk Management framework to meet ASIC RG259 requirements, they called The Risk Board (TRB) to support them.

TRB led risk identification workshops with key stakeholders then helped assess these risks and prioritise actions to improve controls. TRB also used its experience in risk frameworks to draft key documents including the Risk Management Strategy and the Risk Appetite Statement to free up the client resources.

The engagement leveraged TRB’s industry knowledge but tailored the solution for the client’s specifics and leveraged the existing processes including the compliance framework. The exercise was performed collaboratively between TRB risk specialists and key client stakeholders.

By engaging TRB, the client not only fast tracked the development of their Risk Management framework to weeks rather than months but also accessed TRB’s knowledge of industry better practice.