RSM Australia

Enterprise risk management

At RSM, we believe that unless the board and management fully understand the level of risk that the organisation is willing and able to take in pursuit of value creation, it will be difficult for the board to effectively fulfil its risk oversight role.

Enterprise risk management (ERM) is not static, but rather a continuous process. Through our extensive experience and the desire to assist our clients in achieving success, RSM can set the grounding for effective ERM within your organisation.

Several formal ERM frameworks are available today (such as COSO ERM and the principles of ISO 31000) which we are very familiar with. However, not all organisations are the same and therefore a 'one-size-fits all' solution to risk management does not exist.

Your organisation may operate:

  • in complex financial markets
  • with unique products and services
  • in diverse technologies
  • with complex business processes
  • with simple business processes

Our team of ERM professionals work with your organisation to develop and embed an integrated framework customised to your business and risk appetite. This is implemented in five stages:

  1. risk framework development
  2. risk assessment and prioritisation
  3. identification and effectiveness of existing controls
  4. risk treatment and strategies
  5. risk validation and monitoring

For companies with existing frameworks in place, we also provide certain ERM services in isolation that include:

  • risk assessments and workshops (combined top-down and bottom-up approach)
  • evaluation of risk management frameworks assessing against best practice
  • development of enterprise risk appetite statements and its communication throughout your organisation
  • risk maturity and cultural assessments
  • evaluation of risk reporting
  • assessment, design and implementation of strategic risk register
  • risk management software systems
  • ERM training

Managing climate change – companies facing financial and legal risks

5 March 2020
In a recent article in The Age, it was reported that Australian business leaders are becoming increasingly anxious about the threat of climate change. Recent research indicates that Australian business leaders view climate change as the biggest issue facing society.  

South Pacific and Asia Conference 2020 (SOPAC®)

2 March 2020
Darren Booth, National Head of Security and Privacy Risk Services at RSM Australia, will be presenting at the upcoming South Pacific and Asia Conference 2020 (SOPAC®) on 'The latest news in cyber security'. This presentation will cover the following:

Cyber Liability Insurance for small to medium enterprises

13 December 2019
To insure, or not to insure? Cyber Liability Insurance, that is the question. Cyber-attacks are becoming increasingly more sophisticated and organisations are struggling to stay ahead of the latest threats to their business operations.

Emerging Competition in the Financial System

22 November 2019
The sharing economy has grown significantly in recent years, facilitating innovation, job growth and more choices for consumers. It started with taxis and hotel rooms, but will financial services follow soon? Or has it already begun with the new wave of fintechs?

Top of mind Cyber Security concerns for the financial services industry

26 September 2019
Cyber attacks and data breaches are now commonplace in financial services, more so than in any other industry and becoming the number-one risk concern for executives and directors.  

Managing the risk of forged degrees and diplomas

16 July 2015
Recent media has reported that there is considerable risk of forged degrees and diplomas entering Australian employment markets visa sophisticated, off-shore forgery businesses offering them at a premium fee.

Key contact

Jean-Marc Imbert
National Head of Risk Consulting

T: +61 3 9286 8186
[email protected]