ENSURING YOUR RISK MANAGEMENT APPROACH IS ROBUST YET PROPORTIONATE IS A CHALLENGE FACING MOST REGULATED FIRMS
In fact, any kind of business will need to find ways to effectively identify and mitigate risk if they are to remain competitive, but the challenge is made more significant for those business that must also consider regulatory compliance. This additional lens of scrutiny can lead to risk management practices that are overly onerous and restrictive to innovation.
It is essential to provide a clear view of the risks your business faces – especially those that might have materialised – to the most senior levels of the firm. Enabling robust decision making with a full picture of the potential and real impacts is vital if firms are to make the brave decisions necessary to meet increasing customer expectations.
HOW CAN HUNTSWOOD HELP?
Huntswood has successfully assured many clients by providing an independent view of their existing risk management frameworks. Our extensive regulatory knowledge – combined with the experience gained from working with firms across a wide variety of sectors and industries – allows us to provide you with detailed and invaluable guidance on your current approach to risk.
Likewise, in reviewing both existing and proposed products and services, Huntswood can make sure that you don't have any historic issues, or face potential new ones, that could cause you headaches in the future.
WHY RISK MANAGEMENT MATTERS
Getting the balance right in risk management is a real challenge, but the benefits of striking it are well worth the time and effort.
With Huntswood by your side, you firm will be able to comfortably make brave decisions and open up opportunities for innovative change that will take it forward. Evolve and deliver with the confidence that having a robust risk management in place provides.
How we can support you in mitigating risk:
Helping firms mitigate compliance risk while delivering good business and customer outcomes
Ensuring your firm is prepared for the unexpected
Review past business and identify where remediation could enhance your reputation and ensure good outcomes
Mitigating risk and delivering good customer outcomes
Throughout the eight months that I’ve worked with Huntswood I’ve seen first-hand how they put their customers at the heart of their business. They are a company that continues to impress, deliver and delight in equal measure.Head of Training & Development, Insurance, Retail bank
The Huntswood team has delivered precisely to brief and in a timely manner too. I have been most pleased with the thoroughness of preparation going into the project. This, combined with the obvious regulatory and strategic experience you all have has made the project a great success.Managing Director, major insurance firm
The project has run incredibly smoothly, which reflects great planning and great commitment to pro-actively resolve any issues … Good collaborative planning was at the heart of the operation. It primarily ensured our customers received an outstanding service but also convey confidence to regulator and all the internal stakeholders.Operations Director, leading UK merchandise retailer
Our challenge … has been extremely demanding and Huntswood has had to deal with a rapid upsizing of the ongoing engagements, taking the number of deployed staff from an initial 16 to 174 in a very short space of time. The hassle-free experience has been testament to Huntswood’s organisational and management skills.Senior Manager, Customer Service Recovery, leading UK retail bank
Huntswood’s people are of the highest calibre. Not only do they understand the issue from a regulatory perspective, but they know how to deliver effective training in an impactful way.Client Project Lead, Retail bank