The process of identifying risks, assessing risks and developing strategies to manage risks is known as risk management. A risk management plan and a business impact analysis are important parts of your business continuity plan. By understanding potential risks to your business and finding ways to minimise their impacts, you will help your business recover quickly if an incident occurs.
Types of risk vary from business to business, but preparing a risk management plan involves a common process. Your risk management plan should detail your strategy for dealing with risks specific to your business.
The Four Bells Advisory team have deep skills in the areas of financial risk management (including Basle II and Basle III compliance for the areas of Credit Risk and Market Risk), operational risk management, business continuity planning, incident response planning and recovery planning.
