There is no one universally accepted formula of Enterprise Risk Management (ERM) that will fit all institutions. Each bank has a unique mixture of people, customers, products, locations, economies, and capital. However, there is a common theme. The board and bank management need to be able to identify, measure, monitor, and control risks encountered in their institution; both on a current basis and prospective basis.
Risks come in many varieties, including: credit risk, compliance risk, liquidity risk, market risk, operational risk, model risk, capital risk, legal risk, reputational risk.
For banks today, an evaluation of the quantity and quality of their risks is essential and a better understanding of the aggregate risk their institution has at any one time has become imperative. This initiative to better understand aggregate risk has developed into what is known today as ERM.
Treliant works with banks to implement an effective Enterprise Risk Management program that not only helps mitigate risks, but facilitates the execution of and is consistent with the bank’s strategic plan.
Treliant has a cadre of risk management experts with financial services industry expertise. Our team includes senior executives from banks and senior regulatory management from the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System (FRB).
Treliant’s Enterprise Risk Management Advisory Services include: