In an ever evolving business environment it is difficult to always understand the risks being generated by your operations. However, managing the portfolio of risks you face through effective risk identification, assessment, mitigation and management is essential to ensure that you can deliver your strategic objectives whilst ensuring visibility of all potential costs.

No one risk should be assessed in isolation and this can become an increasingly complex challenge in an environment which is constantly evolving.

Potential issues

The business of managing risks is an intuitive process. However, businesses can often face challenges around the following areas:

  • Aligning your strategy and your risk appetite.
  • Identifying and manageing cross-enterprise risks.
  • Providing integrated responses to multiple risks.
  • Enhancing business planning and forecasting.
  • Enhancing rish response decisions.
  • Reducing operational surprises and losses.
  • Seizing the right opportunities.

How can we help?

We have extensive experience helping organisations across a range of industries in designing, building risk identification, risk assessment and risk management strategies for the challenges facing you today. We are subject matter experts in the following areas:

Operational Risk Management

Operational risk is the risk of loss resulting from inadequate or failed processes, people and systems or from external events.  Managing operational risk requires you to ask, are you confident that your internal controls and infrastructure are fit for purpose? Are they adequate in a changing business environment? Understanding this ensures you assess manage and respond to operational risk in a manner which ensures the long term stability and resilience of your organisation.

How can we help?

  • Reviewing your existing operational risk framework
  • Designing and implementing enhanced operational risk management frameworks
  • Assisting you to embed the right ‘risk culture’
  • Facilitating risk and control self-assessments within your organisation

Who to contact?

Rosie Owens Tel: +353 1 792 6014

Conduct Risk

This is the risk that firm behaviour results in poor outcomes for customers. Smarter businesses are going to put customer engagement at the heart of their strategy, culture and operating model and reinforce this with an appropriate conduct risk appetite, management framework and key controls.

The big difference from the past is the greater focus on collaborative relationships with customers, which brings them into the heart of the product design process. Not only will this approach help product innovation and differentiation, it will also provide a sustainable and demonstrable platform for compliance in the area of conduct risk.

How can we help?

  • By leveraging our global network we can partner with you on your journey to understanding conduct risk and recommend any steps you may need to take to mitigate this risk
  • We can help you design, develop and implement a conduct risk framework that is the most beneficial for you and your customers

Who to contact?

Rosie Owens Tel: +353 1 792 6014
Andy Banks Tel: +353 1 792 6805

Fraud Risk Management

Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain. It is an ever present challenge faced by every organisation. Effective fraud prevention not only requires ongoing vigilance but the right supporting infrastructure.

How can we help?

  • Equip front line personnel to serve as an effective first line of defence
  • Solve gaps in your internal control frameworks
  • Develop and evaluate preventative and detective controls
  • Prevent recurrence when misconduct occurs
  • Investigate cases of suspected fraud

Who to contact?

Andy Banks Tel: +353 1 792 6805


{{contentList.dataService.numberHits}} {{contentList.dataService.numberHits == 1 ? 'result' : 'results'}}

Contact us

Andy Banks

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 6805

Jason Hickey

Director, PwC Ireland (Republic of)

Tel: +353 1 792 5190

Follow PwC Ireland