The critical starting step in the ERM journey is the setting of priorities linked to business strategy. Banks continuously strive to know how their Risk Management practices stack up against best practices. This entails knowledge of the ‘As is’ state and ‘Target State’ of the risk management within the organization.
Aptivaa follows a systematic approach to identify the objectives at an enterprise and at a functional level for banks. This is done by conductingManagement Diagnostic Workshops and Risk Assessment Workshops. This approach ensures that the conceptualized ERM framework is integrated within the organization. Aptivaa classifies Risk Management capability maturity into stages and will help identify the ‘Current State’ and the ‘Target State’ at an Enterprise level as well as at each Functional Component level.