Finext Risk advises customers on Risk, Audit & Business Control Framework questions. Continual improvement of risk management is our drive. Customers ask us for advice to improve their risk management and their business control framework. Our unique organization structure gives professionals all the space necessary to get the best out of their-selves. This creates involvement, creativity and entrepreneurship in every customer situation, which leads rapidly to the essentials.

Vision on control

Overview provides insight. Many organizations have adopted COSO/ERM or another methodology   to facilitate their control structure. In practice however, these methodologies do not provide a complete overview.  And the overview that does exists differs per department.

A business control framework (BCF)  creates an overview by identifying the control measures and harmonizing them. Determining the most appropriate control measures requires  taking into account the culture of the organization and the development stage of the organization. This results in a correct balance between control and confidence.

We want to prevent organizations getting  overburdened  with control measures, especially ones that don't have any added value. This is important because control measures on the one hand normally cost money. And while too many control measures lead to a stronger feel of control, this on the other hand reduces the entrepreneurship and the creativity of the organization. Doing the right things right, is essential .

Lead by our vision, we believe in:

• Searching for the best in control mix;
• An integral approach to risk related questions;
• Solving problems in cooperation with the customer;
• Transferring knowledge through intensive collaboration with the customer;
• Explicitly giving attention to opportunities, not only to risks;
• Finding pragmatic solutions instead of using a fixed set of blueprints.

Why Finext Risk?

Risk Management is human business. Paying  extra attention to people is therefore an important value of Finext Risk. We believe that this is the key to success. Individuals identify the risks. We create a safe environment, wherein open communication concerning risks is possible. Exchanging thoughts about risks through discussions gives all participants a better understanding of the risks. Therefore we consider communication as the basis  of our method of working. For example, this means that we put more emphasis on discussions in risk assessments than on chance and impact scoring.

We deliver a pragmatic solution, which  meets your demands  and those of the  external auditor. We believe that risk management should fit into the bigger picture of your BCF. Therefore we deliver a tailor made solution to each customer, where the project  fits seamlessly into  existing controls and monitoring structures. Additionally at the beginning of every project we focus on co-creation, which secures the transfer of knowledge and experience. Co-creation to us means:  achieving shared targets based on a good relationship between us and the customer.