Risk management is the identification, assessment, and prioritisation of risks that are associated with the business processes and day to day running of an organisation. Successful risk management controls define, assess, respond to and mitigate vulnerabilities and risk posed to the organisation.
All firms have risks, however those in regulated, financial services and consumer credit industries have more than most due to the nature of their business. Risks must be assessed and recorded so that resources and strategies to minimise, monitor, and control the probability and/or impact of unfortunate events can be implemented.
Know Your Compliance Limited have developed a robust and compliant set of Risk Management templates that include our market leading Risk Management Policy and Risk Assessment Template. Customisable and suitable for all industries, we can help you to implement strategic risk management procedures without starting from scratch.