RISK MANAGEMENT

Stay Ahead By Managing Risks Effectively

Technology Risk

Neom teams offer audit, attestation, certification, and assessment services to help companies identify, understand, assess, manage, and mitigate risk arising from the implementation and use of technology.

As confidence and trust in data and technology are becoming a greater societal concern, understanding risk arising from the implementation and use of technology is increasingly important to accelerating business performance and achieving sustainable growth. The ability to understand these risks and bridge the knowledge gap that often exists between business and IT is the core strength of Neom teams.

Specialized knowledge of IT is integral to the execution of high-quality audits and the need to safeguard internal controls. Neom teams also help decision-makers to attain confidence and embed trust through third-party communications on internal control and regulatory compliance to customers (and their external auditors), investors, management, regulators, and other stakeholders.

Your business challenge

Organizations encounter growing opportunities and challenges due to client expectations, technological advancements, and evolving market and regulatory landscapes. In this setting, internal audit plays a crucial role in assisting leadership in navigating a range of business risks.

Relying on traditional audit approaches is becoming increasingly challenging in delivering sufficient assurance coverage and meaningful business insights to stakeholders. Audit executives are now tasked with addressing the following questions:

How can we provide higher value and reduced assurance costs, given the evolving business and technology landscape?

How can we be proactive in identifying emerging risks and organizational capability blind spots?

How can we provide value-adding actionable insights and answer questions that have not been addressed before?

How do we define a vision for an IA function that leverages human business and subject-matter expertise and technology automation?

Solution Features And Functionality

Neom IA teams can help you continuously monitor organizational risks, controls and transactions and provide actionable insights to improve performance. Through collaborative teaming, managed services and transformative technologies, we help transform and align IA to support the business strategy and create value in a changing risk landscape. Our capabilities include:

IA diagnostic services help stakeholders employ tech-based benchmarking, collaborative surveys and functional performance considerations to assess their IA function for further enhancement.
IA transformation helps organizations bridge the gap between their current and future state maturity levels by strengthening and building the required digitally enabled IA capabilities.
Industry and risk domain-focused IA co-source and managed services help IA deliver on its mandate to stakeholders by leveraging our digitally enabled solutions.
Accelerated analytics-based controls testing managed services help organizations streamline the cost of controls testing and obtain increased risk and controls assurance coverage in line with relevant regulatory standards such as SOX404, J-SOX and others.

Financial Risk Management

Financial institutions are finding themselves in a fundamentally altered risk and regulatory environment, trying to navigate a new competitive landscape with evolving business models. As a leading provider of integrated risk management and regulatory services, we can help you tackle the numerous challenges of risk management.

Neom’s Financial Services Risk Management consulting resources bring you a combination of qualitative, quantitative, regulatory and technology skills. Professionals from around the world help financial institutions to drive efficiency, effectiveness and balanced risk coverage across their governance, risk and compliance activities.

NEOM can help you with

Enterprise Risk

The Enterprise Risk Consulting Services team assists with the creation, enhancement, implementation and review of integrated frameworks for the identification, measurement, mitigation and monitoring of risks from all sources.

Liquidity risk

The Treasury and Liquidity Risk group provides strategic recommendations to identify, measure and manage liquidity risk, helping organizations to comply with regulatory expectations and enhance their position in an evolving competitive landscape.

Credit risk

The Credit Risk team provides leading services focused on assisting in credit risk identification, measurement, management and reporting.

Operational risk

The Operations Risk Consulting Services team assists with the creation, enhancement, implementation and review of operational risk frameworks.

Compliance risk

The Regulatory Compliance team assists with the design of effective, flexible and robust compliance programs to address unique business, regulatory, risk tolerance, technology and operational model requirements.

Capital management

The Capital Management team offers services to help you anticipate and adapt to regulatory changes and assess their impacts on your business models and capital needs.

Market risk

The Traded Products & Capital Markets Market Risk team’s areas of focus include financial risk identification, measurement, mitigation, monitoring and reporting of exposures to interest rate, commodity, equity and foreign exchange movements.

Structured finance

The Structured Finance Consulting Services team participates in the domestic and global structured finance market and assists in the execution of structured finance deals from beginning to end.

Quantitative services

The Quantitative Consulting Services team applies quantitative techniques to help institutions develop and validate risk measurement and valuation methodologies.

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