Do you need outsourced risk management?
Great question!
Perhaps you’re looking to hire a full-time risk manager, or maybe you’re considering upskilling your current in-house risk management staff.
Whatever the case may be, three factors hinder the way most businesses can approach risk management: time, scarcity, and cost.
Add stability to your risk management process.
Employing a risk manager full-time often means contending with:
● Potential personnel changes
● Ongoing training expenses
● A commitment to salaries and benefits
● Difficulty adapting the above around the changing needs of the business
Outsourcing your risk management to Canary Risk adds stability and reliability to your risk management. Our team is made up of seasoned experts with professional qualifications (Certificate and Diploma and Risk Management from the IRM), and our packages are transparently priced and designed to meet the exact needs of your business.
Using the latest risk systems and resources, we can provide impartial advice, up-to-date risk assessments and plans, and all of your compliance and enterprise needs, as we are experienced with BRAs for a number of jurisdictions.
All that you need to do is pick a package below to get started!
- Monthly Subscription
BRONZE
Looking for general ad hoc help and risk administration support? Our Bronze Package provides you with a dedicated canary to help you achieve your risk administration tasks with ease. You focus on your business, and they’ll keep your risk management administration ticking away in the background!
- We’ll partner with an easy-to-use risk system that helps you record, monitor and report on your risks, making your risk management and decision-making processes easier and more efficient.
- We’ll make coordination a breeze, ensuring the correct stakeholders are notified and chased on completion of risk assessments, providing user support as needed
- Getting the most out of your data is reliant on your leadership team understanding exactly how to deploy and maintain your risk framework and create actionable plans, which we’ll liaise with them to do.
- Whether your reporting needs are ad-hoc or part of your regular cycle, we can provide a variety of risk reports to you, fuss-free!
SILVER
If you’re ready to take a step up from the Bronze Package and put your risk tools to good use, this is for you. This is a great package if you’re just starting to consider risk in your business but have no resource dedicated to it currently. It includes everything in the Bronze Package, plus:
- A major element of creating a risk-aware culture, setting up a risk committee will ensure your organisation can better identify risk, gather information and get the right people round the table discussing risks to your performance.
- The best way to get the greatest value from your investment in committee time is to provide annual risk management training for your board or risk committee - that’s where we come in!
- No Chairperson? No problem. Allow us to either chair your meetings or provide CRO level risk challenge in your committee meetings.
GOLD
Get all of the above and much, much more, including a full outsourced risk management function, plus policy and framework ownership, annual review and presence/facilitation of risk committees as required.
- We’ll take care of the creation, maintenance and ownership of your business risk policy, including annual reviews.
- We’ll also take the creation, maintenance and ownership of a tailored enterprise risk management framework out of your hands and make it appropriate for your business and its needs.
- For extra peace of mind, we’ll provide a second line review of your risk management data, with up to eight hours of second line meetings with key stakeholders in your business per quarter.
- We create amazing digital products.
- We create amazing digital products.
- We create amazing digital products.
- We create amazing digital products.
- We create amazing digital products.
Case Study
New Asset Management Company
Isle of Man
Bronze Outsourced Function Plan post MBO
An MBO lead to creation of a brand new asset management business, which required a brand new risk system set up, and creation of risk registers, taxonomy and RCSA methodology.
We got this up and ready for their second board meeting, and developed a plan of action for maturity over the year, which the management team were thrilled with.
Their risk function meets the needs of where they are right now, and they retain the option to scale it as their AUM grows. EXACTLY what this Board wanted.