Enterprise Risk Management (ERM)

A well-organized risk management process helps organizations to manage better, make responsible choices and remain agile. Enterprise Risk Management (ERM) brings structure to risks and opportunities and thus strengthens strategy. What exactly does ERM mean, why is it essential for your organization and how can ARC People support you? We explain and show how we help with a clear, workable approach.

Enterprise risk management that adds value

Risk management is not an end in itself, but a way to support strategic goals and make responsible choices. Enterprise risk management, or ERM for short, helps organizations assess risks and opportunities in context and manage them effectively. At ARC People, the focus is on practical applicability. No unnecessary controls, but a workable framework that fits your reality.

We support organizations in setting up, improving and implementing enterprise risk management. In doing so, we use current insights and frameworks, such as the COSO ERM model, which balances risks and opportunities.

What is enterprise risk management?

ERM is a structured approach by which risks are identified, assessed, monitored and addressed organization-wide. Unlike traditional risk management, ERM management focuses on strategic coherence, integration with decision making and consideration of risk in relation to organizational goals.

Enterprise risk management provides insight into both negative risks and positive uncertainties. It lays the foundation for transparent governance, better investment choices and increased resilience.

The importance of ERM risk and enterprise risk assessment

An essential part of any ERM approach is the enterprise risk assessment. This is the process in which risks are systematically identified, scored and prioritized. Conducting these assessments periodically provides a continuous and up-to-date picture of the most important risks that can threaten or enhance the achievement of objectives.

A well-executed ERM risk assessment supports organizations in:

• Setting realistic priorities.
• Targeting management measures.
• Increasing strategic clout.
• Complying with laws and regulations.

Whether in compliance, reputation, IT, human resources or finance, enterprise risk assessments provide focus and agility.

Our services in the area of ERM

ARC People offers support in all phases of ERM risk management. This can be done on a project basis, but also as part of a structural setup within your organization. Our services include:

• Establishing an enterprise risk management framework.
• Reviewing or improving existing risk management structures.
• Conducting enterprise risk assessments.
• Supervising periodic monitoring and evaluation cycles.

Depending on your needs, there are several options for strengthening your organization. First, this can be through temporary reinforcement, requested via our interim desk. Once the interim support takes on a more structural character, where we become the continuous flexible shell around your own team, we speak of co-sourcing. A number of our clients also choose to outsource the entire Risk Management function to ARC People.

Why choose ARC People?

Our professionals combine expert knowledge with practical experience. They have the expertise to clarify risks and set up workable processes. We work from content, with an eye for culture, governance and feasibility.

You will have access to dedicated experts who understand the field, whether you are seeking temporary support, require specialist advice, or want to fill your risk management position on a permanent basis.

We deliver customized solutions for any size of organization and sector, with an approach proven in practice.