Integrated Risk Management

Risk management is the continuous, systematic approach to identifying, assessing, managing and communicating the risks to which an organisation is subject. In order to apply risk management effectively, it is vital that a risk management culture is developed that supports an open discussion about risks and opportunities.

Global Risk Evaluation follows a holistic approach to managing risk that integrates risk management within the strategic and operational company processes, looking outward and across the organisation as well as at individual activities. The framework that we have developed for integrated risk management, focuses on the following key principles:

•	Establish the corporate risk profile & objectives
•	Develop an effective risk management infrastructure
•	Practise integrated risk management
•	Ensure continuous risk management learning & communication

The need and requirement for effective risk management are driven by internal management objectives to maintain a competitive advantage as well as regulatory requirements set by the authorities and pressures from shareholders, credit providers, investors, credit agencies and media.

At Global Risk Evaluation, we have developed a robust framework for developing, providing and implementing highly customised risk management solutions for our Clients that incorporates all of the following steps of a continuous risk management process: