Risk Culture
Our philosophy is in ‘showing’ rather than ‘telling’. To understand our approach and some of our thinking we have a number of articles available. These illustrate how we strive to foster better insight, challenge norms, and focus on collaborative problem-solving.
The focus on risk culture continues to rise as more organisations identify the positive value in having a proactive risk-culture. Regulators such as APRA, have articulated 10 dimensions in respect to the behaviours and architecture organisations should consider for an effective risk culture.
APRA Risk Culture Dimensions
APRA details that a strong risk culture is essential for effective risk management outcomes that support an organisation’s financial and operational resilience. Ultimately, organisations with a strong risk culture that supports sound risk management practices and behaviours are better placed in terms of financial performance and fair, quality outcomes for their customers.
Enabling your people to deliver great customer and business outcomes
The symbols, words and actions of leadership across the business are critical for a successful culture, which includes managing risk. We focus on helping organisations assess, define and embed cultural norms through engagement of the Board and senior management.
Our approach considers 4 key elements to develop all lines of the grid of culture within an organisation. The elements are cultural assessment, leadership norms, accountability & capability, and governance.
Culture Asssessment
We help you enhance business outcomes and returns through the assessment, design and implementation of culture and risk culture architecture and behaviours.
