Advisory

Advisory Services
Overview

M3T Consulting offers a multitude of consultancy services in enterprise risk and operational risk management to firms, Financial Institutions conventional and Islamic, including:

✓ Specific Risks to Islamic Banks
✓ Risk Frameworks design and review, including Policies and Procedures
✓ Assistance in Risk Management Systems from selection to implementation
✓ Risk and Control Self-Assessments (RCSA)
✓ Risk Appetite and Key Risks Indicators (KRI)
✓ Risk Taxonomy and Internal Control Framework
✓ Risk Culture
✓ Regulatory Compliance reviews and implementation

Governance

✓ Governance Committees Charters

✓ Policies

✓ Board and C-suite awareness programs

I - Risk Identification

✓ Definition/review of the Risk Library

✓ RCSA (Risk and Control Self-Assessment) Workshop sessions with top management to identify and reflect on their top risks

✓ Loss Data analysis to identify Risk trends

II - Risk Appetite

✓ Board and C-suite workshops on realistic risk appetite

✓ risk appetite Governance charters and policies

✓ Senior Management and line management workshops on Risk appetite definition

✓ Risk appetite and tolerance limits

✓ KRI definition and control requirements for the Risk Appetite

✓ Dashboards for Monitoring risk appetite tolerance and limits

III - Risk Assessment

✓ Planning, support and implementation of RCSA, management and reporting

✓ identification, selection, quantification, validation and reporting

✓ Historical Loss Data and Operational Risk Events Analysis for RCSA calibration

IV - Risk Mitigation

✓ Control Library

✓ Definition/Review of key controls

✓ Control testing framework

✓ action plans

✓ BCP and DRP Policies and Procedures

✓ Review of Insurance Coverage

V - Risk Monitoring

✓ Governance charters, Policies and Procedures on Risk Reporting and Monitoring

✓ Definition/Review of preventive/Leading KRIs

✓ Risk Dashboards on risk profiles

✓ Root cause analysis of events

VI - Conduct

✓ awareness training programs