Risk management
An Enterprise Risk Management (ERM) system is a set of policies, processes, and tools that an organisation follows to achieve its objectives, define its risk appetite, and make key risks transparent. It helps identify, assess, and monitor risks to ensure effective risk management across various domains, including financial, operational, strategic, and compliance risks. By implementing an ERM system, organizations can enhance their risk management practices and be better prepared to address future challenges.
Effective enterprise risk management navigates uncertainty.
Osmond believes that integration of information & communication technology (ICT), cybersecurity, operations and ERM promotes a better understanding of the relationship between day-to-day operations, business practices and organisational risk reporting.
The increasing frequency, creativity and variety of the threat landscape especially in cyber-attacks means that organisations need to ensure that ICT and cybersecurity risks are given appropriate attention within the ERM system.
Osmond specialises in the modelling and implementation of risk management systems, risk processes and tools.
Enterprise Risk: Information and Decision Flows Diagram (Source: NIST, ERM)
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