The Risk Board’s team of professionals has been drawn from senior leadership positions at Australia’s largest banks. Each has had extensive experience across a broad range of domestic and international banking and finance operations – structuring and managing all aspects of risk within the financial services industry.
Our risk consultants have managed large and complex financial institutions through periods of significant market and risk upheaval, including most notably, the Global Financial Crisis.
This combined experience, or “scar tissue”, ensures the delivery of practical hands-on advice, professional learning and solutions that allow our clients to benefit from commercial and sustainable long-term outcomes in an environment of growing regulatory and risk complexity.
The Risk Board’s experience includes:
Risk Management framework design, risk governance advice on implications of strategic plans and strategic decisions, cultural assessments, organisational risk appetite planning, management and Board reporting, 3 lines of defence model, assurance.
Reviews And Due Diligence
CPS 220 External Reviews for regulated ADI’s, strategic and regulatory reviews, targeted reviews of loan portfolios, individual account reviews, Governance, Culture and Accountability reviews. Advice on due diligence capability enhancement.
The development of tailored Risk Management frameworks and plans for Responsible Entity (RE) Boards.
Review and development of organisational credit risk frameworks, risk appetite statements, risk management strategy, credit policy and procedures, loan provisioning, model design and verification, underwriting, portfolio management, account and portfolio reviews, collections, loan grading systems and loan workouts.
Insourcing, outsourcing, end-to-end process review, targeted diagnostic reviews of policies and procedures, scheduling, frequency, implementation, lines of defence, and reporting.
Basel II, Basel III, internal assessments of capital adequacy leading to ICAAP, and related ICAAP summary statement preparation.
Establishing regular patterns of coaching and advising Executive Management and Board on preparation and progress updates towards resolution of regulatory review outcomes.
Foresight and capability to understand and advise where implementation issues may arise.
Review and advice on the following:
- Operational Risk framework development,
- Operational risk appetite,
- Risk registers, including inherent risk and risk likelihood,
- Risk event probabilities,
- Residual risk,
- Control effectiveness,
- Risk thresholds and volatility assessment,
- Anti Money Laundering (AML) and Know Your Customer (KYC) risk assessment processes.
Review and advice on risk and reward of investment portfolio construction including market securities and RMBS asset investments.
Governance And Controls
Framework, programs, calendar, delivery, breach reporting, self-assessments, regulatory reviews.
Commercial Credit Risk Training
Provide professional learning programmes to more accurately analyse lending proposals in order to identify the key drivers of future cash flow, to service future debt repayment obligations.
Our Track Record
The Risk Board supports all areas of the financial services sector including the funds management, superannuation, insurance, government and mutual sectors. Our related experience also covers other sectors such as health, education, retail and wholesale, property and mining.
Our team of professionals has recently concluded assignments with both foreign and domestic regulated Authorised Deposit Taking Institutions (ADI’s), Listed NBFI’s, Insurers, Not for Profit organisations as well as departments within the Federal and NSW State Governments, including the formal appointment to a panel of advisors for one Federal Government Department.
On enquiry we are happy to provide references from existing clients.