Recent Work

Explore a selection of recent projects completed by KM Risk Consulting.

​Facilitated a 3-Day Target Operating Model Workshop – May 2023

Day 1 and 2 involved a series of “super-hero” themed RACI workshops (“With great power comes great Roles and Responsibilities”) to help a client achieve cross-functional alignment and understanding of the key activities and roles and responsibilities associated with its core ERM, ORM, and RCM capabilities. Day 3 focused on identification and prioritization of opportunities to enhance the operating model to better enable achievement of strategic priorities.

​Design & Build of Third-Party Materiality Assessment Methodology – April-May 2023

We helped a Financial Markets Infrastructure (“FMI”) to enhance and modernize its third-party materiality assessment methodology by expanding the scope of the process, rationalizing the list of factors and criteria used to triage and assess materiality, and by integrating the inputs to and outputs from execution of the materiality assessment with other operational resilience-related programs and capabilities.

Regulatory Compliance Management Target State Design – January-February 2023

We played Jenga with over 30 officers at a leading financial institution to understand the foundational elements of an effective Regulatory Compliance Management Program. Through competitive gameplay, individuals were able to experience the consequences of decisions they haven’t made yet in a simulated regulatory environment.

Operational Resilience Policy & Procedures – January-May 2023

We helped an FMI to establish its Operational Resilience Policy, methodology, and procedures, which work together to enable:

  • Identification of the most critical business functions;
  • Identification of the business processes, which are critical to enabling the business functions;
  • Identification of the resources (i.e., people, technology, facilities, third-parties, and data) that enable delivery of the critical business processes; and
  • Prioritized investment to continuously maintain a posture of operational resilience.

Strategic & Reputational Risk Management benchmarking – March-May 2023

We developed and conducted industry benchmarking on current, leading, and emerging strategic and reputational risk management practices for a big 4 consulting firm.

Enterprise and Non-Financial Risk Taxonomies – March-May 2023

We re-designed and developed enterprise and non-financial risk taxonomies (i.e, operational, regulatory, reputational, strategic, and culture risk taxonomies) for a large Canadian financial institution.

Regulatory Compliance Management Policy Framework – February-May 2023

We led the design and development of a Canadian Credit Union’s Regulatory Compliance Management Framework, RCM Policy, and supporting methodology and Procedures for each element of the RCM life-cycle (i.e., Regulatory Change Management, Compliance Risk and Control Assessments, Monitoring & Surveillance, Testing, Issues Management, Reporting, and their Quality Assurance/Self-Assessment Process). We also helped the 2LOD and 1LOD teams to developing RACIs and business process flows for each of the RCM elements.

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