Enterprise Risk Services for Credit Unions

Current economic and market issues conditions highlight the need for a broad perspective when managing risk in financial institutions.

The complex environment that today's credit unions encounter demands more focused management of credit and financial risk, external market challenges, margin compression, increased regulation, maintaining competitive advantage and increased response to customer demands and expectations. Enterprise Risk Management (ERM) uniquely fulfills the need to understand and respond to the current market conditions in an informed and effective manner.

An organization-wide view of risk management helps bring consistency in identifying, measuring and controlling risk across the credit union. This helps to enable management to understand better the potential economic, credit, financial and operational risk exposures that may not be known nor fully managed today. This broad and coordinated view is the essence of Enterprise Risk Management.

How we can help

RSM McGladrey's approach to ERM is tailored specifically for credit unions and is enterprise-wide. Our approach is designed to provide immediate and tangible value by:

Providing Senior Management and the Board with a comprehensive view of risk across the credit union with respect to predefined risk domains
Calibrating the credit union's risk appetite with its business strategy
Assisting management in evaluating the effectiveness of current controls to ensure they operate in alignment with the credit union business objectives
Facilitating a thoughtful solution that aligns with the credit union's capabilities, size and resources
Scaling ERM for differing degrees of execution that is aligned with the current and future needs of management
Assessing the risk culture of the credit union to measure how risk is perceived and understood amongst employees as they pursue strategic business objectives
Optimizing the return on a risk management budget, regardless of budget size

We understand credit unions and know that one size does not fit all. Therefore, our approach ensures alignment to the strategic direction, culture and ability of your organization. Through our experience, we understand that achieving Enterprise Risk Management is a journey that realizes dividends if implemented correctly.

ERM Components

RSM McGladrey's approach to ERM consists of the following components:

Enterprise-wide Risk Assessment
Enterprise Controls Assurance
Residual Risk Assessment
Enterprise Risk Management Roadmap
Risk Cultural Diagnostic
ERM Process Implementation Consulting

Why RSM McGladrey

RSM McGladrey has direct experience in working with over 750 credit union clients to design a solution that aligns with the organization's objectives, resources, culture and capabilities. Our teams have the unique balance of consulting and direct industry expertise to assist you in assessing, designing and implementing an enterprise risk management solution that makes sense for your organization.

Event Information