Risk Management Consulting Services that Keep You Prepared
In today’s fast paced and ever-changing regulatory environment, organizations across a spectrum of industries engage in activities to mitigate risk, but many times it’s not formal or sustainable, leaving the entity vulnerable to its consequences. The bottom line is – if you don’t have a risk assessment process, it is a threat to your organization.
We work with clients from the healthcare, government, financial institution, and commercial sectors who engage us for risk management consulting services to identify risks and develop a plan to address and mitigate them – whether it’s regulatory or strategically driven. We are perpetually engaged with our clients and always up-to-date on industry trends and nuances, committed to responding promptly and proactively with critical information as it happens. This is how we deliver the Mercadien Client Experience.
Knowledge is Power
In most cases, risk management is siloed across an organization; and individual departments are responsible for their own independent solutions. At Mercadien, we take a strategic approach, working with you to develop a plan that takes into consideration all your organization’s moving parts. Risk management assessments should be integrated into any organization’s strategic plan, therefore we approach the risk assessment process from a global perspective. We can step in as a skilled facilitator, working with all your department heads to discuss potential risk factors within the following areas: strategic direction, operations, finances, human capital, social media, information technology, legal and compliance, external, leadership succession and reputational.
Our partners work with their clients year after year because we believe providing continuity within our engagements is critical to building trust and reliability. Our goal when providing risk management consulting services is always to help you meet your regulatory and contract compliance requirements, assess and remediate risks and exposures and improve your organization’s processes, all while ensuring transparency and accountability.
When you bring us on board, we’ll begin with an initial assessment with your senior management team to identify the risks you face. Based on your risk profile, we’ll come up with a comprehensive plan, prioritizing and rating those risks and making recommendations on how to execute. From addressing the complexities of Health Insurance Portability and Accountability Act (HIPAA) compliance to Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) requirements, our team will create a customized course of action that works best for you.
Our Risk Management Consulting Services Include Comprehensive Evaluations and Solutions Addressing Factors such as
- Risk triggers
- Consequences, both financial and reputational
- Internal controls and risk mitigation strategies
- Contingency planning
- Risk governance processes
- Board training and advisory
- Monitoring and reporting