Protecht's risk management consulting services is carried out across the full range of specialist areas covered by our risk management training courses and supported by our risk management software.
Our goal is to produce tangible results in all areas of financial market and risk management for our clients through practical, workable solutions and knowledge that combines both experience and innovation.
With over 20 years of auditing and consulting experience, the directors of Protecht make their knowledge in market, enterprise-wide, operational, credit and liquidity risk management more accessible to clients through consulting on a variety of topics including:
Strategic Planning
- Facilitating strategic planning sessions
- Provision and use of Protecht's strategic planning methodology
- Carrying out an initial risk assessment of the strategic planning process
- Documenting the outcomes of strategic planning as the basis for developing the strategic plan
Risk Appetite
- Assisting your board and management to determine, articulate and document your risk appetite and tolerance
- Facilitating Board workshops to determine the Board's risk appetite and tolerance to major risks including: Interest Rate, Credit, Liquidity and Operational Risk
- Documenting the outcomes of the workshop in a risk appetite statement
Operational Risk Management
- Assistance and advice in setting up an operational risk management framework and capability
- Quality assurance review and benchmarking of your existing framework
- Development, implementation and review of your operational risk management policy
Our Web-based Operational Risk Management System (WORMSTM) software was designed specifically to serve as a total enterprise-wide risk and compliance solution, helping clients meet the requirements of regulatory bodies.
Hedge Accounting
- Preparation of a new product process document and project plan for implementing a derivative and hedging capability
- Developing and implementing a Derivatives and Hedging policy
- Provision of spreadsheet tools for derivatives credit and capital adequacy calculations and recording derivative transactions
- Independent derivative price check when negotiating derivative prices with counterparties
- Provision of in-house training for staff involved with the management and recording of derivatives
- Advice on the hedge accounting requirements of derivatives and hedging
- Development and implementation of a hedge accounting policy and provision of a hedge accounting methodology paper
- Implementing, executing and reviewing hedge documentation and prospective effectiveness testing at hedge inception
- Carrying out retrospective hedge effectiveness testing for each hedging deal at financial reporting date
- Reviewing ISDA legal contracts
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Risk Management Policies
- Quality assurance review of your risk management policies
- Amending, restructuring and enhancing your risk management policies to:
- Develop an overarching risk management policy
- Ensure consistency of policies
- Ensure risk policies are in line with the new AS/NZS 31000:2009 Risk Management Principles and Guidelines and the APRA APS standards
- Ensure policy alignment with strategies and the risk appetite/tolerance of the board
Board Reporting
- Quality assurance of your Board Reports to focusing on structure, content and understandability
- Alignment of Board reporting with your strategic plan and risk appetite
Asset and Liability Risk Management (Market, Credit, and Liability Risk)
- Development, implementation and review of your liquidity risk management policy
- Assistance in determining appropriate liquidity stress tests
- Developing liquidity stress models tailored to your business
- Quality assurance of your interest rate risk management approach and practices including benchmarking to APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book
- Providing advice on approaches to managing interest rate risk including complex matters such as the treatment of stuck call funds, prepayment modelling and the treatment of capital
The Asset and Liability Risk Management System (ALARMSTM) is a cost-effective solution that provides clients with a comprehensive view of their exposure to interest rate movements.
ICAAP
- Developing, implementing and reviewing your ICAAP policy
- Assisting in developing your ICAAP annual update document
- Assisting in developing your methodology to quantify ICAAP for each material risk
- Facilitating workshops to assess ICAAP risks and determining the ICAAP capital requirement
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Our team of risk specialists can help you review and enhance your existing risk management systems. Contact us today to start identifying, evaluating and managing your risks effectively.
You can also view our risk management training schedule to see what upcoming topics can help your organisation.
