Top 10 risk and compliance consultants
A risk and compliance consulting company can help a broad range of businesses determine threats to company operations and determine their impact, before prioritising those risks and helping to create a plan to mitigate threat exposure.
Surveys carried out earlier in 2023 discovered that three-quarters of risk stakeholders believe that real-time alerting, or structured solution plans, would have been a huge help during the most disruptive events that businesses faced last year.
Cyber Magazine considers some of the leading risk and compliance companies who work in collaboration with businesses to provide the best possible solutions.
10: Delta Capita
Headquartered in London with offices around the world, Delta Capita works with the world’s top financial institutions to help them comply with regulations, simplify operations, reduce costs and innovate their business models and leverage leading fintechs.
Previously having been ranked as the number one consultancy firm in the UK for risk and compliance, the company provides an end-to-end consulting and solutions model that is backed up by a high-quality delivery capability. Its clients can receive advice on a broad range of solutions, including working to transform current technology processes.
9: MetricStream
MetricStream is a global SaaS leader of Integrated Risk Management and GRC solutions that aims to empower organisations to thrive on risk by accelerating growth via risk-aware decisions. The company views governance, risk management and compliance as essential to business growth.
Its products include: risk management, regulatory compliance, audit, IT and cybersecurity, third-party risk and ESG, all based on one integrated platform that utilises AI and automation. Operating this way enables the company to provide its clients with real-time intelligence so that they can prioritise investments and drive operational resilience.
8: Dow Jones
Dow Jones works to bring together world-leading data, media, membership and intelligence solutions to power the most ambitious companies and professionals. With a broad range of services offered to businesses, Dow Jones is a global leader in data intelligence for anti-money laundering, anti-corruption and third-party data and commercial risk.
The Dow Jones Risk & Compliance division combines the expertise of 450 researchers and analysts with AI and automation tools. The company offers a quantified and unified view of risks, cyberthreats and vulnerabilities in real-time, allowing businesses to mitigate IT risks whilst ensuring compliance and mitigation strategies.
7: Alvarez & Marsal
Alvarez & Marsal aims to provide global leadership, problem solving and value creation for companies across industries worldwide. Since its founding in 1983, the company has helped organisations tackle complex business challenges, boost operating performance and aim to maximise stakeholder value.
As part of its risk consulting services, the company works with a business to help them take agency over their strategies and work to transform their operations with solutions. The company’s ethos is that operational excellence is vital to a company’s growth.
6: BearingPoint
An independent consultancy, BearingPoint works to support a broad range of companies on risk and compliance management. It helps businesses recognise the value of a wide range of solutions, including data analytics, data visualisation and AI and automation, alongside how to best prioritise and set-up these systems.
The company offers services in risk assessment and reporting and business continuity plans to ensure well-structured risk management capabilities. It also offers services in governance and compliance, audit and diagnosis and support on implementing digital transformation solutions.
5: PwC
PwC is a network of firms in 152 countries with over 327,000 people committed to delivering quality assurance, advisory and tax services. The company offers a broad range of risk management capabilities, including compliance transformation, cybersecurity and crisis and resilience, to name a few.
Company professionals, tech alliance partners, third-party data owners and clients all collaborate to make sense of data from multiple sources and identify meaningful risk signals and to form actionable, real-time risk intelligence. The end goal is that PwC helps businesses become more agile and resilient and more able to anticipate threats and take advantage of opportunity.
4: KPMG
KPMG is a global network of professional firms providing audit, tax and advisory services, with 227,000 professionals working to deliver value in 146 countries and territories. Its professional services offer experiences to help companies stay on track and deal with risks that could unhinge business survival.
The company’s belief is that risk management should be embedded within the culture of a business so that everyone is focused on managing and optimising risk. In particular, its technology risk consulting services work to help businesses identify, assess and manage risks to support strategy and operations.
3: Boston Consulting Group (BCG)
BCG partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. The company views risk management and compliance through a wide-angle lens by supporting management decision making. By identifying systemic or structural issues within a business, BCG aims to help organisations become more ethical and resilient, as well as more competitive.
The company designs and implements target operating models that help facilitate steady and sustainable business growth for a business, while complying with an increasingly complex regulatory environment.
2: McKinsey Risk (McKinsey & Company)
McKinsey’s risk services aim to equip clients to respond to critical vulnerabilities and disruptions by addressing immediate risks and gaps across all areas of risk management.
It helps clients transform risk management through advanced analytics by applying machine learning and other techniques to risk use-cases across areas such as credit risk, non-financial risk, stress testing and capital planning.
Through data and analytics-driven scenario planning and stress-testing, the company partners with clients to build enterprise risk management capabilities, anticipate risks and identify growth opportunities, translating insights into action. It aims to help clients institutionalise resilience and crisis preparedness across the organisation by embedding contingencies within long-term strategies to unlock sustainable growth.
1: Deloitte
Deloitte’s powerful and practical solutions in Accounting and Internal Controls, Cyber and Strategic Risk and Regulatory and Legal services are backed by industry business knowledge and offer businesses the confidence to deliver the best possible solutions.
In particular, Deloitte Cyber helps clients build smarter, faster and more connected futures. The company advises, implements and operates a portfolio of cyber solutions and services to suit businesses industry sector requirements and enterprise-wide needs to anticipate and prepare for the cyber risks of the future.
The services offered by Deloitte are designed to offer businesses opportunities to strategise and grow value overtime.
******
For more insights into the world of Cyber - check out the latest edition of Cyber Magazine and be sure to follow us on LinkedIn & Twitter.
Other magazines that may be of interest - Technology Magazine | AI Magazine.
Please also check out our upcoming event - Cloud and 5G LIVE on October 11 and 12 2023.
******
BizClik is a global provider of B2B digital media platforms that cover Executive Communities for CEOs, CFOs, CMOs, Sustainability leaders, Procurement & Supply Chain leaders, Technology & AI leaders, Cyber leaders, FinTech & InsurTech leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare and Food.
BizClik – based in London, Dubai, and New York – offers services such as content creation, advertising & sponsorship solutions, webinars & events.
