Risk Management and Internal Control Services

Risk Management Services

RRMS Advisors partners closely with clients to deliver a comprehensive suite of risk management services designed to strengthen internal controls, enhance compliance, and reduce operational and fiscal risk.

Risk Assessment

• Collaborate with clients to understand and mitigate risk, create risk hierarchies, and develop heat maps aligned with enterprise-wide risk assessments

• Identify compliance gaps related to key corporate policies and external regulations

• Develop operational risk management frameworks with performance indicators and test plans to monitor and improve outcomes

• Design methodologies and logic to assess critical business risks

• Implement control processes and self-testing procedures based on risk ratings and exposure levels

Compliance Monitoring

• Track and document adherence to internal policies, external regulations, and industry standards

• Ensure internal policies are current and aligned with evolving regulatory requirements

• Establish metrics, trigger points, and investigative protocols for identifying system anomalies

• Advise senior management on the adoption and implementation of compliance best practices

• Implement robust self-testing programs to detect issues and facilitate timely corrective actions

Audit Advisory

• Design and implement programs to review and validate vendor performance, particularly for outsourced services

• Partner with senior leadership to develop effective tracking, monitoring, and remediation strategies for audit findings

• Draft comprehensive policies, procedures, and training materials to address audit-related issues

RRMS brings deep experience in executing risk management initiatives that reinforce internal controls, reduce workflow inefficiencies, minimize process hand-offs, and enhance operational throughput. Our team is committed to helping clients implement sound governance frameworks that reduce exposure, prevent regulatory penalties, and minimize business disruption.

To explore how a partnership with RRMS can help strengthen your internal controls and reduce fiscal and operational risk, please contact us for a consultation.