Risk Management

Risk-management activities are influenced by various types of pressure. Whether it is external, such as compliance or regulatory changes, or internal, such as operational risk, successful organizations emphasize the need for adequate risk management approaches throughout the business.  Silver Knight Consulting helps clients design and implement proactive risk-management solutions, bringing a risk-reward perspective to strategic decision making and day-to-day operations.

We help our clients identify, quantify, and prioritize their most important risks by using a combination of advanced quantification methods (such as programmatic analytics) and the systematic integration of qualitative factors, including business-management judgment. As a result, our clients gain a clearer perspective of their most important risks and how they can use insights in order to improve strategic, financial, and operational decision making. 

Risk Identification and Strategy

Companies should consciously determine the types and levels of acceptable risks to take and which to avoid or mitigate (“risk ownership”). We help clients gauge their risk factors and ensure the choices made align with their corporate strategy as well as their financial and operational risk capacity. 

Risk Governance 

Every employee in an organization carries some responsibility for risk management. To provide comprehensive and successful risk management, the correct structural and organizational decisions are vital. We assist customers in defining overall governance and the structure of important risk, finance, and other control functions, as well as how they should interact with one another and other sections of the business.

Risk culture

Mind-sets and behaviors of individuals and groups inside the organization play a crucial role in the execution of a company’s risk-management strategy. Our unique approach to risk culture allows for the creation of a specific and detailed description of the core elements of a company’s risk culture, an analytical approach toward measuring and profiling that culture, overarching industry-specific benchmarking, and the identification of specific levers for actively influencing and developing risk culture.