The unprecedented events impacting global financial markets have underscored the need for firms to review their current practices and develop an enterprise vision for risk management.
If firms are to implement an effective risk management infrastructure they need to conduct a systematic review of all risk processes, policies and systems, from the executive level through to operations.
Avanon ERM has been successfully implemented at a high-profile client in the Energy sector and for a major Solvency II solution.
"Our current goal is create a Risk Management Forum of Excellence within KPC that actively supports and assists the various KPC businesses in developing and implementing best practice processes and procedures. Achieving this initiative will ensure KPC becomes a regional leader for risk management and is respected by the wider industry and markets alike."
Bader Al-Shumaimri
Corporate Risk Management
Kuwait Petroleum Corporation