Internal Controls
Always be ahead
Internal Controls
At Waslat Al-Amal, we assist in addressing risk in both proactive and responsive contexts. We deploy our diverse pool of controls professionals, compliance specialists, security professionals, and risk consultants to meet complex requirements.
What Businesses Need to Know
At Waslat Al-Amal, we recognize that effective cash flow management is the cornerstone of any thriving business. Our comprehensive service is designed to ensure your business has the liquidity it needs to operate smoothly and grow sustainably.
Policies and Procedures, Risk Appetite, and Key Risk Indicators
- Review and Update Policies and Procedures: Regularly assess and update existing policies and procedures, and define a Risk Champions Addendum.
- Risk Identification: Identify risks through document reviews, discussions, and assessment of internal and external environments.
- Define Risk Likelihood and Impact Criteria: Establish criteria to evaluate the likelihood and impact of risks.
- Enterprise Risk Appetite: Define and communicate the organization’s risk appetite.
- Develop Key Risk Indicators (KRIs): Create KRIs to monitor and manage risk levels effectively.
Risk Reporting
- Quarterly Risk Management Reporting: Develop a template for quarterly risk management reports that incorporate the defined risk appetite and KRIs for the Board of Directors.
Strategic Planning and Risk Integration
- Facilitate Strategic Planning: Conduct strategy management workshops to integrate risk considerations into strategic planning.
- Templates for Management: Provide templates to help management incorporate updated strategic objectives in response to changing market dynamics.
- Categorize Strategic Risks: Identify and categorize risks that hinder the achievement of strategic objectives.
Enterprise Risk Registers and Training
- Risk Categorization: Categorize risks that impact organizational objectives.
- Risk Assessment: Assess each risk based on likelihood and impact to determine an inherent risk rating.
- Voting Session: Conduct sessions to identify top residual risks and existing controls.
- Personnel Training: Provide training for relevant personnel on risk management and internal controls.
Our Business Risk Services
Develop SOPs and clearly define roles and responsibilities to ensure efficient and compliant operations.
Ready to take control?
Ready to take control of your financial future? Contact Waslat Al-Amalto learn more about our investment strategy and management services and how we can help you achieve your financial goals.
