Risk leaders' agenda

Chief risk officers must act now turning risks into opportunities to reimagine and repurpose the organization for agility and long-term value.

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Top challenges facing risk leaders today

Globalization (geopolitical power shifts and populism), environmental shifts (climate change and COVID-19 pandemic), demographic shifts (the rise of Generation Z) and technological shifts (5G, quantum computing and precision sensors) are the primary forces creating new and constant waves of disruption — creating both opportunities and risks.

  • Reimagine enterprise resilience

    Going forward, enterprise resilience won’t be just a hygiene factor for organizations to survive in the foreseeable future. Trust will only be won by companies that have robust resilience built into their organization.

    It’s not only about getting through crises. A truly resilient organization also needs the insights and mechanisms to react to and ideally prevent potential (unknown) risks, or at least reduce their impact, and a willingness to view problems as a strategic opportunity to grow.

  • Trusted transformation

    While building resilience and getting strategic opportunities in sight, organizations will repurpose with a new vision and focus on long-term value. Given the strategic imperative, this will require fundamental transformations for most organizations. In order to realize significant and complex business transformation, organizations will require comprehensive program risk management to attain the underlying strategic values and achieve trusted transformation.

  • Progressive internal audit

    Trust is the foundation when working with your investors and shareholders, and also your business partners, customers and the authorities.

    Monitoring and evaluating market trends, using external data along with the internal data you produce in your daily operations, allows you to make informed predictions about the future. This is an approach that can be facilitated through (advanced) data analytics technology.

    These insights can help you prepare for any anticipated scenarios. They will enable you to address, at the right time, any potential risks that might arise. All of this means you will be able to keep true to your ”trust promise,” providing a strong degree of assurance.

    At the same time, these insights will enable you to verify your business strategy, make adjustments as needed, and focus on long-term value. By doing all of this, you will give others the confidence to trust that your organization is set up for success and will effectively manage the next wave of change. Progressive internal audit will happen through a complex mix of progressive and agile internal audit, digitally-enabled financial crime processes, and automated compliance processes, etc.

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EY capabilities

Enterprise resilience consulting

Navigate disruptive events with agility while minimizing risk and preserving trust, with help from our Enterprise Resilience solution.

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Internal Audit

Organizations are increasingly relying on Internal Audit (IA) to provide them with insights into diverse and emerging risks.

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EY Financial Crime solutions

EY Financial Crime solutions includes sophisticated technology to address key areas of financial crime risk management and also includes an overarching workflow management component.

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Case studies

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The better the question The better the answer The better the world works
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How to use real-time data to mine better insights

Learn how a leader in the food and beverage industry is harnessing the power of information to prepare for what comes next.

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The better the question The better the answer The better the world works
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How do you turn real-time insights into long-term value?

Helping internal audit teams drive better results from Key Performance Indicators.

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The better the question The better the answer The better the world works
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Data analytics determine where process breakdowns occur

Using automation to analyze the whole business in real-time.

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The better the question The better the answer The better the world works
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Transforming the role of internal audit for business

Predictive analytics creates a platform to drive transformative solutions across the whole business.

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How C-suites and boards can seize the opportunity in their ESG risk strategy

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Connect with our risk leaders

EY Consulting includes experienced leaders in every sector, who bring the power of people, technology and innovation together to deliver value and growth for our clients.

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EY - Kapish Vanvaria

Kapish Vanvaria
EY Americas Risk Markets Leader, Ernst & Young LLP
 LinkedIn

EY - Carl E. Case

Carl E. Case
EY US Financial Crimes Compliance Technology Consulting Leader
 LinkedIn

EY - Marie Johnson

Marie Johnson
EY Americas ESG Risk Leader and Partner, Business Consulting, Ernst & Young LLP
 LinkedIn

EY - Scott McCowan

Scott McCowan
EY Americas Risk Management Leader, Consulting
 LinkedIn

EY - Olusegun Ogunnaike

Olusegun Ogunnaike
Americas Internal Audit & Controls Solutions Leader
inkedIn

EY - Michelle Uwasomba

Michelle Uwasomba
Principal, Consulting Enterprise Risk, Ernst & Young LLP
 LinkedIn

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