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Seven Steps to Better Financial Services Risk Management

Date: March 2008
Type: Podcast/Audio
Rating: (1)

Overview: Join BearingPoint Managing Director Brian Hart to explore the seven steps to more effective performance and risk management. As a result of the recent credit crisis, organizations are faced with a challenge of making the best use of a very constrained balance sheet. BearingPoint has created a seven-step methodology to help organizations address these issues, and position their companies to deliver superior results. Through the seven steps that have been outlined, you will identify ways to not only examine your daily business, but how to change it. The challenge with financial institutions today is that information is produced in silos. With all this information being spread around, it is hard for a manager to know what is going on and when there is a problem that needs to be dealt with. Our proven methodology focuses on the importance of putting information in the hands of the deal maker and how to change the incentive structure. Above everything else, an organization must learn how to implement a comprehensive integrated performance and risk management framework. This framework is vital for the success of one’s organization.

In a period of sharply reduced balance sheet allocations, certain businesses have reached a critical point where information and tools are required if they are to compete effectively. Organizations can better prepare themselves to achieve advantageous returns by formulating a comprehensive risk and performance strategy.


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