Agile Risk Management

Re-engineering Risk Solutions to Enable Business Strategies

Agile Risk Management

Managing risk and compliance has become increasingly complex and expensive for financial services
post-financial crisis. The increased regulatory expectations and the ever-changing nature and rise of
inherent risk represent a new and permanent operating paradigm for the industry. To adapt, firms are
expending significant time, money and resources to implement required changes and prioritize risk
management and compliance.
As costs continue to increase, it is clear that the overly manual, reactive and siloed lines of defense status quo
is unsustainable and cannot continue. We believe risk capabilities must be agile, flexible and nimble in order
to be effective and efficient in responding to the changing environment. A better model is technology enabled,
proactive, aligned across all three lines of defense and embedded into business processes. This is the solution
we refer to as Agile Risk Management.
The time has come for proactive organizations to take the lead and adopt an agile risk management
framework to better meet the challenges of todays customers, shareholders, employees, and the risk and
regulatory environment.
Responding to Risk and Compliance Gaps Over the Years Has Left the Financial Services
Industry in an Unsustainable Situation

Significant
Fines
$100B

Large bank fines

have topped $100B
over past five years.

Growth and innovation

have been forced to take a
back seat given risk and
compliance challenges.

Growth and
Innovation
Risk and
Compliance

PROTIVITIwww.protiviti.com/AgileRisk

Unsustainable
Costs

Operating costs have

become unsustainable
as quick-fix solutions and
increasing headcount is
the norm to improve risk
management practices.

Inherent risk continues to

rise given the underlying
business complexity and
increased pace of change.

Inherent
Risk

What is Protivitis Agile Risk Management Framework?

At the foundation of the Agile Risk Management Framework is the central premise that business
management and risk management should create a unified operating model with clear first, second
and third line accountability.
Agile Risk Management enables successful
anticipation and response to a rapidly-changing
environment resulting in informed executive decisions through an aligned organization, operational
excellence and customer satisfaction.
An Aligned Organization of proactive collaboration
and engagement is achieved by converging business
and risk processes, while risk and business acumen is
enhanced throughout the organization.

Operational Excellence is sustained by the

successful execution of business strategy supported
by efficient processes, optimized technology and
risk agility.
Customer Satisfaction is improved by risk
management and controls driving consistent
customer experiences and ensuring the needs of
customers are considered in the design of processes,
products and services.

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Agile Risk
Management

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Excellence

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Ag

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Aligned
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Customer
Satisfaction

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Protiviti Agile Risk Management Framework

Focus on Growth

Optimized Performance

PROTIVITIwww.protiviti.com/AgileRisk

Why Protiviti?
Protiviti has a record of success helping clients develop strong risk management practices with the responsiveness required for an ever-changing business environment. We work with over 75% of the worlds largest
financial institutions, which benefit from our collaborative team approach to resolving todays risk management challenges. Our professional consultants have varied industry and regulatory backgrounds that enables
our unified financial services practice, with the seamless integration of risk and compliance, technology,
data and analytics solutions, to develop customized agile risk management approaches to meet tomorrows
challenges today.
Business, risk, compliance and internal audit groups need to work within an integrated framework with clear
accountabilities that will lead to an aligned organization for making sound decisions. We address risk and operational excellence as two sides of the same coin, leading to agility and optimal performance. We understand
how customer satisfaction, and in turn growth, have become elusive. While risk management is intended to
drive growth, it too often becomes an inhibitor. Our expertise positions you at the forefront of effective risk
management with a unique approach to reap both immediate and long-term benefits.

Contact Information
Cory Gunderson
Managing Director
+1.212.708.6313
cory.gunderson@protiviti.com

Timothy Long
Managing Director
+1.212.399.8637
timothy.long@protiviti.com

Michael Brauneis
Managing Director
+1.312.476.6327
michael.brauneis@protiviti.com

Atul Garg
Managing Director
+1.704.972.9612
atul.garg@protiviti.com

Matthew Moore
Managing Director
+1.704.972.9615
matthew.moore@protiviti.com

Ed Page
Managing Director
+1.312.476.6093
ed.page@protiviti.com

George Brown
Managing Director
+852.2238.0486
george.brown@protiviti.com

David Dawson
Managing Director
+1.647.288.8505
david.dawson@protiviti.com

Giacomo Galli
Managing Director
+39.02.6550.6303
giacomo.galli@protiviti.it

Peter Richardson
Managing Director
+44 (0)20.7024.7527
peter.richardson@protiviti.co.uk

PROTIVITIwww.protiviti.com/AgileRisk

Notes:

PROTIVITIwww.protiviti.com/AgileRisk

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Buenos Aires

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PERU*
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* Protiviti Member Firm

About Protiviti
Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance, technology,
operations, governance, risk and internal audit, and has served more than 60 percent of Fortune 1000 and 35 percent of
Fortune Global 500 companies. Protiviti and our independently owned Member Firms serve clients through a network of
more than 70 locations in over 20 countries. We also work with smaller, growing companies, including those looking to go
public, as well as with government agencies.
Named one of the 2015 Fortune 100 Best Companies to Work For, Protiviti is a wholly owned subsidiary of Robert Half
(NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index.

2015 Protiviti Inc. An Equal Opportunity Employer M/F/Disability/Vet. PRO-1015-100020

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