Paradigm Risk is a specialist, multi-disciplinary strategic risk and governance consultancy bringing together expert consultants, advisors and practitioners in the fields of governance, risk and assurance. Paradigm Risk offers experience-based and thought-led advisory services in governance, risk and assurance to financial institutions as well as to the broader corporate community and government agencies.
In a modern financial institution, managing the governance processes for risk and for prudential and other regulatory compliance is a constant challenge, as are providing assurance over compliance with applicable regulations, and managing the supervisory interface. Managing the association between the firm’s risk preferences and profile and its business objectives and regulatory requirements in risk is, similarly, an on-going challenge. Paradigm Risk brings both practical and theoretical insights to bear on these twin problems of performance and of regulatory change and compliance, especially in areas of risk and firm-level governance requirements.
In the corporate sector, we work with boards and senior executives to understand how they can take ‘more risk’ more safely; that is, how they can understand and anticipate risk better and become more responsive and more resilient to risk and uncertainty. Paradigm Risk aims to move the discourse on risk in the firm from assurance routines to a strategic debate that can help the firm to identify and exploit strategic opportunites through better execution and better-focused assurance to discharge governance responsibilities. In the public sector, Paradigm Risk advises on dealing with uncertainty in policy formulation as well as the impact of risk on organisation and delivery – minimising unintended consequences and improving policy effectiveness and efficiency.
We recognise that leading change in firms requires a leadership position in thinking and representation to regulators; we aim to shape the debate. Where we lead; others follow.