Reimagining risk

Enterprise Risk Management

Service
May 2023

Today’s rapidly changing business environment requires thinking about risk in new ways. The business environment is more complex and more connected than ever before. Companies face new and unknown risks, but also new and untapped opportunities.

At PwC Malta, we rise to the challenge of recognising such risks and minimising their negative consequences with the help of proven risk management systems.

Enterprise Risk Management (ERM) is a comprehensive, systematic approach that helps organisations identify, assess, prioritise and respond to risks proactively in order to meet its most critical objectives and related initiatives and day-to-day operations.

In order to do this confidently, an ERM framework should be fit-for-purpose and provide a comprehensive overview of the risk profile. If not, the potential untimely response to pressing risks and unmet expectations could leave you exposed to increased scrutiny from stakeholders.

ERM protects business by avoiding surprises through identification of all risks that may hinder achievement of objectives. ERM allows for informed decision making through greater understanding of your risks. All of this helps in better allocation of organisational resources in pursuit of the greatest value for businesses and their stakeholders.

PwC’s Risk Management team can help you drive business performance and achieve success like no other. We can transform how you perceive—and capitalize on—risk.

How can we help?

We take a very structured approach to risk management. Rather than solely considering lagging indicators, measuring impact, we look for root causes and lead indicators, predictive measures appropriate to your specific business context. We look beyond common risks to take into account atypical risks you may have believed insignificant to your operations.