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A leading Global Systemically Important Bank (GSIB) sought to redesign its global risk taxonomy framework to better capture and classify emerging and material risks across its enterprise. With increasing scrutiny from regulators and internal stakeholders, the bank needed to ensure that its risk rating methodology aligned with the scale and complexity of its operations. The project required both strategic insight and hands-on experience in operational and enterprise risk.
We provided a senior risk management professional with over two decades of experience in the financial services industry. Working closely with the bank’s internal teams, our expert played a key role in identifying critical gaps and improvement opportunities within the existing framework. This included validating that the updated taxonomy and rating methodology reflected the most significant risks to the institution and adhered to best practices.
Thanks to targeted support and expert oversight, the bank successfully implemented the enhanced risk taxonomy framework within the planned timeline. The revised methodology offered improved clarity, consistency and risk coverage, and the client praised our ability to deliver meaningful results in a high-impact, high-stakes environment.