Risk management goes beyond mitigation—it drives resilience and growth. At Avika Consulting, we help businesses anticipate risks, seize opportunities, and build future-ready enterprises with advanced analytics, industry insights, and transformative strategies.
Avika Consulting’s risk practice is built on decades of experience and a deep understanding of the complex challenges businesses face today. With specialists across Technology Risk, Financial Services Risk Management (FSRM), and Enterprise Risk, we deliver tailored, sector-specific solutions that not only mitigate risk but also drive sustainable growth.
Avika Consulting’s Financial Services Risk Management helps Banks and Financial Institutions anticipate, measure, and manage risk ranging from credit, liquidity and operational risks to compliance and regulation to protect value and accelerate performance.
We support organizations through end-to-end enterprise risk management, governance transformation, regulatory compliance, internal audit, risk analytics, cybersecurity and technology-enabled risk consulting solutions that help improve resilience, operational efficiency and business continuity.
We help our clients understand their risk profile to drive greater predictability, reduced volatility of earnings, lower cost of control, more effective decision making and increased enterprise value.
Design and Implementation of Enterprise-wide Risk Management Framework
- Design the Risk Governance framework
- Draft the Risk Appetite Statement
- Design the Operational Risk Management Framework
- Design the Credit Risk Management Framework
- Design the Climate Risk Management Framework
- Design the Market Risk Management Framework
- Design the framework for AML and CTF
- Design the Reputational Risk Management Methodology
- Design the framework for Concentration Risk Management
- Design the framework for Strategic Business Growth Risk
- Design the Liquidity Risk Management Framework
- Design the Asset Liability Management Framework
- Scenario Analysis for Credit Risk Management, Asset Liability Management and Climate Risk Management
- Design the Risk Scoring Models (in MS-Excel)
- Design the Policy and Framework for Business Continuity Planning (BCP)
- Design the Capacity Building programs
- Draft various Risk Policies viz. (1) Counterparty Risk Management Policy, (2.) Legal Risk Management Policy (3) Outsourcing Risk Management Policy, (4) Talent Risk Management Policy, (5) Official e-mail Policy, (6) Official Data Backup Policy
Design and Implementation of Treasury, ALCO and Balance Sheet Risk Governance Framework
- Undertake a diagnostic of the existing ALM, treasury and liquidity risk management framework
- Undertake a detailed review of the treasury and balance sheet risk management governance frameworks
- Assess the regulatory requirements relating to liquidity risk management and undertake a gap analysis
- Identify the areas for improvements with reference to current regulatory requirements and international best practice standards
- Review treasury and balance sheet risk governance, organizational structure, reporting line, decision-making process and procedures related to the managing capital.
- Review the liquidity and IRRBB risk management analysis and measurement system currently being used in support of the development of a robust risk management framework.
- Review risk management policies and limit structure for liquidity, IRRBB and market risk.
- Review the MIS & IT systems used in the management of risk.
- Assessment Report and recommendations on treasury activities and infrastructure
- High level review of skills and experience levels of staff involved in ALM, treasury and liquidity risk management
- Design training on best practice treasury and balance sheet risk management approaches
- Development of Training material and delivery of workshops.
- Draft the Treasury, ALCO and Balance Sheet Risk Governance Framework comprising:
- Treasury and Balance Sheet Risk Management Policies and Procedures
- Liquidity, IRRBB and Market Risk Management Policies and Procedures
- Terms of Reference for ALCO and Liquidity Management Committees
- Target organization structure for Treasury and balance sheet risk management unit
- Monitoring and measurement tools and templates for liquidity, IRRBB and market risk
- Stress Testing procedure manuals for capital, credit, liquidity, market and operational risk
- Scenario Analysis Tools for dynamic balance sheet management
- Liquidity Contingency Plan
- Treasury business strategy, investment policy, portfolio mandates and performance targets
- New Treasury operating model and proposals on terms of reference for main roles.
- Treasury manual document and process maps for main treasury operations
- Treasury reporting deck including text document, spreadsheets and presentation