ECB compliant risk management framework

A global financial institution required an in-control framework to support the global organization to be in control of its business and organization and to meet ECB’s expectations.

What did we do?

• Designed and managed a global program for the design and roll out of an ECB compliant risk management framework and internal governance, including supporting software.
• Designed a reference framework as well as approach to assure the quality of the design and effectiveness of the global roll out.
• Designed the risk management framework and an approach for the global roll out of the framework, including operating model and supporting software.
• Co-led roll out of risk management framework across the organization.
• Prepared packages to communicate progress to ECB.

Results achieved

• Designed Risk Management Framework meeting ECB and DNB requirements.
• Global awareness of the effectiveness of the Risk Management Framework, fostering a risk-intelligent culture.
• Risk Management Framework embedded in the BaU organization for first group of countries
• Increased the ability to communicate their risks with external stakeholders, ensured business continuity and supported the transformation to a digital business model.