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.
- 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.
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