EWRM implementation services
July 23, 2025
Our Comprehensive EWRM Implementation Services
UHY James is well poised to offer an end-to-end, customized approach to the design, implementation, and operationalization of a fully compliant and effective EWRM framework, aligned to the globally recognized COSO ERM Framework. Our solutions ensure that risk management is embedded at all levels of the organization, from strategic planning to day-to-day operations.
1. Current State Assessment & Readiness Review
• Evaluate the current maturity of the risk management function across the enterprise.
• Identify key risks at enterprise and business unit levels.
• Benchmark existing practices against regulatory expectations and leading industry standards.
• Develop a comprehensive EWRM Roadmap outlining enhancement initiatives to achieve targeted risk maturity.
2. Framework Design and Governance Structure
• Establish the overarching Risk Governance Framework including roles, responsibilities, and reporting lines.
• Develop and formalize:
o Risk Management Policy and Procedures Manual
o Risk Charter
o Risk Appetite and Tolerance Statement
o Committee Charters and Terms of Reference
3. Risk Universe Development and Risk Register Implementation
• Develop an Enterprise-Wide Risk Universe, tailored to the institution’s strategic & operational context.
• Facilitate creation and maintenance of Risk Registers across business units and functions.
• Define standardized Risk Assessment Criteria and Methodology incorporating likelihood, impact, and velocity.
• Employ a dual top-down and bottom-up risk identification and assessment approach to ensure comprehensive coverage.
4. Training & Change Management
• Deliver customized training programs for the Board, Executive Management, Risk Committees, and Business functions.
• Support in cultivating a risk-aware culture across the organization.
• Facilitate change-management initiatives to ensure effective adoption and sustainability of the EWRM framework.
5. Technology Enablement and Digital Risk Management
• Advise on the selection and implementation of suitable Enterprise Risk Management tools and platforms.
• Assist in configuring systems to support risk identification, assessment, monitoring, mitigation tracking, and reporting.
• Enable automation and centralization of risk management processes to enhance efficiency and oversight.