2019 Risk in Review Study
Our 2019 Risk in Review Study reveals six behaviors that divide risk functions into those helping their organisations take smarter risks on their digital journeys—a group we call Dynamics—and those a step or more behind: the Actives and the Beginners. The groups tell us that risk management, internal audit and compliance professionals (or, collectively risk functions)—far from stalling digital initiatives—can help their organisations meet or beat their transformation goals. Certain risk functions are there now. For others, it’s time to take action.
What is common among Dynamics, who represent a quarter of the 1,000 risk functions among the 2,000 executives we surveyed? They’re digitally fit. They engage early in digital initiatives. And they’re digitally overhauling their own functions by staffing and equipping them with data-driven capabilities (including skills, tools and techniques) by serving up more real-time insights, and by acting in concert with their functional peers to deliver a common view of risks.
Go all-in on the organisation’s digital plan
Upskill and inject new talent to move at the speed of the organisation
Find the right fit for emerging technologies
Enable the organisation to act on risks in real time
Actively engage decision makers of key digital innovations
Collaborate and align to present a consolidated view of risks
Partner, PwC United Kingdom
Director, Banking and Capital Markets Regulatory, PwC United Kingdom
Tel: +44 (0)7894 393607
Partner, Pharmaceuticals and Healthcare, PwC United Kingdom
Tel: +44 (0) 7850 516 437
Director, Energy, Manufacturing and Distribution, PwC United Kingdom
Tel: +44 (0)7795 952 156