SAS Management of non-financial risks

2020: Start of service for management of non-financial risks

On June 2, 2020 the SAS Russia company announced start of service for management of non-financial risks. The service of SAS "Management of non-financial risks" will allow the companies of any sizes and irrespective of industry accessory to increase resistance to non-financial threats and to develop internal examination.

According to the company, the companies of any profile are subject to non-financial risk that is confirmed including for June, 2020 by a situation in the world markets when because of a pandemic many industries show recession and the enterprises are ruined. Such tasks as business continuity, resistance to external threats, identification of risk factors and vulnerabilities, operational development of solutions and building of protection, acquire the increasing relevance and sharpness.

Management of non-financial risks gives to the organizations a sure pecuniary benefit both in terms of client experience, and in terms of decrease in operational losses, economy of the capital and increase in process performance, and building of processes allows to observe regulatory requirements.

The service of SAS "Management of non-financial risks" allows to build complete process of management of non-financial risks in the organization: from creation of methodology and management processes before implementation of automation systems and the subsequent maintenance. Control function by non-financial risks can be constructed "from scratch" from beginning to end, or is strengthened taking into account others the practician and relevant regulatory requirements. Within service training of employees of the customer, creation of reporting systems and monitoring, development of regulations and internal regulating documents are available.

SAS helps to make also the client independent in questions of management of non-financial risks. According to the results of such joint work of the company will be able to reveal risk factors and potential threats on a permanent basis, to understand the vulnerabilities and to develop preventive measures.

In 2017 the Chairman of the Bank of Russia noted that in the near future the considerable volume of risks will have not the financial, but technology nature, and we should be ready to these risks. Factors of non-financial risk – all this what threatens organization activity and achievement of goals. It both the internal environment, and the events which are arising out of the company and not depending on it. But in each case it is possible to build protection, to think over candidate solutions of problems and decrease in losses. Ekaterina Yusupova, the director of the department of business consulting company SAS Russia/ told CIS