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The CRO Hub –

Executive Risk Solutions is the leading provider of fractional Chief Risk and Resilience Officer services and risk advisory solutions in Australia. The CRO Hub takes the risk management pressure away from you and your Board.

We provide fractional Chief Risk Officer (CRO) services and risk advisory, delivering best practice guidance and oversight at a fraction of the cost of a full-time CRO. This service ensures your organisation benefits from top-tier risk and resilience management expertise, systems, and support without the financial burden of a full-time position. You decide whether you need a CRO a few days a week or a few days per month.

Why Choose Us?

At ERS (Executive Risk Services), we know that every Board of Directors around Australia is grappling with how to manage risk. Embedding a robust risk framework quickly and effectively is paramount. Our adaptable approach ensures seamless integration with minimal disruption to daily operations. Leveraging ISO Australian standards tailored to your organisation, we have refined a methodology that delivers impactful results in a remarkably short period. This offers assurance to your Board, CEO, and executive leadership team.

Our Approach in Action:

Here is what we can accomplish together, choose the whole program or the elements most important to you:

  1. Risk Maturity Assessment: We establish a baseline understanding of your current risk posture, evaluating the maturity of your existing risk management practices. This involves identifying areas for improvement within the key pillars of risk – governance, risk framework and compliance, capability, culture, and organisational resilience. We then collaborate with your team to develop a work plan for the year.
  2. Board Risk Appetite Statement: We work with your Board to define the acceptable level of risk the organisation is willing to take, ensuring alignment with strategic objectives.
  3. Psycho-social WHS requirements: The Gender Safe Workplace Initiative – We have a solution to ensure you are compliant with the 2022 Work Health and Safety (WHS) requirements for managing psychosocial risks. By adopting our program, preventing workplace violence, bullying, and harassment, businesses can significantly reduce the risk of legal liabilities and enhance employee well-being. This will help you meet regulatory expectations while cultivating a culture of safety and respect, leading to improved employee morale and productivity.
  4. Risk Management Policy: We develop a comprehensive policy to guide your risk management efforts, outlining governance, principles and practices to embed risk practices and a risk-aware culture throughout your organisation.
  5. Risk Management Procedure: We create detailed procedures to ensure consistent application of risk management practices across all levels of your organisation, enhancing reliability and accountability.
  6. Business Risk Culture and Capability: We ensure the development of a positive risk culture that is abreast of current and emerging risks. We create a capability framework that ensures each level of your business has the skills and knowledge to manage their risk responsibilities within the team.
  7. Risk Register: We review your risks, ensure their relevance, and help you maintain an intuitive log of risks, their potential impacts, and mitigation strategies. This dynamic document keeps your organisation prepared and responsive to emerging threats.
  8. Business Continuity Planning: We design or update your plan to ensure your organisation can maintain essential functions during and after a disruption, protecting your people, assets, and reputation.
  9. Organisational Resilience Strategy: We will build your resilience through business capability, people readiness and information management through a systematic program leaning into change, the future, and creating teams that are adaptable.
  10. Emergency and Crisis Planning: We build tailored plans to address your key disruption risks. Additionally, we conduct exercises for your operational and executive crisis teams, ensuring they are prepared to respond effectively when it matters most.
  11. Climate Change Preparedness Assessment: We evaluate your organisation’s readiness for climate change impacts, develop a tailored risk management strategy, and assist in building resilience through policies, green initiatives, and emergency response plans to mitigate risks and promote sustainable practices.
  12. Board Reporting Preparation (Quarterly) and Annual Plan: We streamline the preparation of risk reports for your Board and annual plans, enhancing transparency and enabling informed decision-making.
  13. Insurance and Risk Transfer: We ensure business is protected through strategic Insurance and risk transfer to shield your business from financial liabilities and uncertainties by working with your/our insurance broking partners.
  14. Supply Chain Diversification: Empowering businesses with tailored supply chain diversification strategies, our proficient team of CRO’s is dedicated to helping you reduce dependency risks and enhance operational stability. By mapping, expanding and optimising your supplier network, we aim to fortify your supply chain resilience and mitigate disruptions effectively.
  15. Technology and Data Security: Equipped with advanced expertise in technology and data security, our proficient team of CRO’s and Cyber Security Experts is committed to helping you establish comprehensive security measures to protect your digital assets and enhance cyber resilience.
  16. Regulatory Compliance Monitoring: Our dedicated team of CRO’s is committed to assisting your business in meeting legislative and regulatory compliance requirements. By offering tailored compliance monitoring and robust regulatory frameworks, we aim to ensure adherence to laws and regulations, mitigate compliance risks, and foster a culture of legal transparency and accountability.

The CRO Hub – We focus on your strengths to build confidence within your team!

  1. We will align your risk framework directly to the achievement of your strategic vision and plans.
  2. We will create assurance and organisational resilience across your business:
    • We understand the viability and sustainability of your business are continually tested in a global environment of constant change and disruptions.
    • Traditional corporate strategies are not protecting organisations from unexpected events, so we work with you to determine what works in your business.
    • We know you are aware that your business needs to be able to prepare and absorb events and be ahead of the changes required to adapt, thrive, maintain a competitive edge, and ensure profitability.
    • We will help build on the strengths that make your business successful now so it will be positioned for success in the future.

 

The CRO Hub – Fractional Chief Risk Officer Services (based on Australian Government CRO Model):

We provide part-time Chief Risk Officer (CRO) services, delivering expert guidance and oversight at a fraction of the cost of a full-time CRO. This service ensures your organisation benefits from top-tier risk management expertise without the financial burden of a full-time position. You decide how much time and how often you have a CRO in your workplace, the work you want completed, and the pace you want to do it.

Tailored Solutions for Your Organisation:

We replicate our proven methodologies and design templates and guides customised for your organisation’s needs. Alternatively, we engage directly with your teams to implement risk management practices.

Partnering with ERS:

By partnering with ERS, you will elevate your organisation’s risk and resilience framework, ensuring you are prepared to navigate uncertainties and seize future opportunities. Importantly, we can design a program that will meet your Board Directors’ risk responsibilities in a considered and progressive package of work.

What is a CRO:

A Chief Risk Officer (CRO) provides expert advisory and oversight functions in risk management, guiding an organisation in identifying, assessing, and mitigating risks to achieve strategic objectives. They work closely with the executive team to embed a risk-aware culture, ensure compliance with governance standards, and enhance decision-making processes by integrating risk considerations. A CRO also develops and implements risk management policies and procedures, monitors emerging risks, and ensures that all levels of the organisation are aligned with the entity’s risk appetite and tolerance. Learn more about their importance at the CRO Australian Government site regarding CRO’s.

Contact Us:

Reach out today to learn how we can help you integrate a seamless risk management framework into your organisation.