Head of Risk

Driving Better Business Decisions

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Red Flare Solution

Today’s Heads of Risks are expected to provide timely visibility into emerging and evolving risks, guiding the business towards risk-reward optimized decisions. They are also being relied on to protect the long-term value of the business, as well as its reputation and integrity. Fulfilling these responsibilities requires Heads of Risk to provide credible challenge to business growth strategies, while also being invested in them.

Their aims being to ensure that business owners have better risk visibility, and also to facilitate risk-aware decision-making across the business as a whole creating the ultimate holistic approach to Risk management.

As risks evolve in terms of their potential impact on business outcomes, Heads of Risk are seeking more agile approaches to risk management and mitigation

Measurable Outcomes

Policy Management provides a formal process for acknowledging a regulatory requirement, document control is an important part of policy management

Red Flare’s Platform Enables Business

Provide insights to the board and executive management on emerging and evolving material risks

  • Present insights into the business’s emerging risk profile and its impact on business objectives based on market dynamics

  • Provide management with risk impact estimations and the business rationale for trade-offs

Embed risk insights into strategic decision-making processes to increase better the rate of success

  • Strengthen visibility into the dependencies between risk exposure, execution of strategic initiatives, and achievement of business objectives
  • Provide insights into the possible outcomes of various risk mitigation strategies

Safeguard the businesses strategic value, brand, and reputation by protecting mission-critical assets

  • Build a framework to manage the risks around mission-critical assets and processes

  • Serve as custodian of the brand and reputation in collaboration with other departments

Align organizational risk appetite and business strategies by facilitating collaboration across the three lines of defense

  • Align organizational risk appetite and business strategies by facilitating collaboration across the three lines of defense

  • Build a common risk taxonomy that incorporates business unit specificity in risk measurements

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