Target operating model enterprise risk management

A domestic bancassurer required a Target Operating Model (‘TOM’) for Enterprise Risk Management to align and integrate the diversified risk management functions of the organization.

What did we do?

Using our innovative architecture design (RAF/SAF) approach, we defined the new TOM for the ERM organization:

• Set the scene by defining the business drivers and design principles.
• Assessed the current state and the future state requirements for the ERM organization.
• Defined the scenarios for the TOM, assessed the scenarios and proposed a preferred TOM scenario.
• Defined the governance organization, the implementation roadmap, and the roadmap governance approach.

Results achieved

• Balanced operating model between Group and the respective business lines, replacing a previous diversified and hybrid finance and risk ecosystem.
• Well-aligned responsibilities between the finance and the risk function.