Risk Management & Controls
Establishing foundational risk management components provides line of sight into where controls are needed throughout business activities. Forvis Mazars’ enterprise risk methodology creates a consistent yet dynamic approach across risk types and allows for aggregation of risks to create a holistic view of the risk landscape.
The Forvis Mazars Risk Management & Controls team collaborates with our clients in the design, development, and refinement of core risk management components:
Risk Framework: Establish risk frameworks, e.g., enterprise, operational, financial, third-party, that enable a clear view of the client’s overall risk level with established processes for continuous measurement and monitoring of exposures
Governance: Design and implement valuable governance tools throughout our client’s organization to help promulgate effective governance, and to foster an intelligent risk organization
Risk Appetite: Develop and measure risk appetite to drive strategic success and proactive actions
Risk Identification: Facilitate identification and evaluation of critical risks and develop controls and risk mitigating strategies
Risk Taxonomy: Develop, implement, and integrate risk taxonomies and methodologies to help enable effective risk management
Risk Culture: Evaluate and foster risk culture to promote meaningful interaction and engagement that delivers an effective risk culture
Quantitative Solutions
Models and other analytical tools are being deployed by institutions at an increasing frequency with new modeling techniques designed to meet business objectives and regulatory requirements. Sound model risk management and model validation programs can help reduce the risks and improve the use and governance of the models. The Quantitative Solutions practice provides model development, model implementation, model risk management, model validation, and model operations services across industries.
Model Development: Employ a comprehensive development standard to guide development activities across an array of model types
Model Implementation: Provide model and tool implementations across platforms and functions
Model Risk Management: Design and implement strong risk management framework including governance, controls, policies, procedures, inventory management, ongoing monitoring, and model risk reporting
Model Validation: Perform independent model validations for institutions through an effective challenge of the model, model developers, model users, and key stakeholders
Model Operations: Combine practices and tools to increase the ability to deliver and execute models faster than traditional processes throughout the model lifecycle
Data Analytics
Data is more than just numbers—it’s your road map to growth. We help you use it to refine your marketing, gain a competitive edge, create new revenue streams, and boost efficiency. Our experienced team uses predictive analytics, AI, and powerful data visualizations to turn complex data into clear, actionable insights.
Data Strategy, Governance, & Management: Good data is the foundation of smart decision making. We’ll help you establish a clear data strategy and governance framework to prioritize data accuracy, consistency, and security.
Data Transformation & Architecture: Tired of messy, siloed data? We’re experienced in helping transform complex data into a clean, organized, and accessible format—making it easier for you to find the information you need, when you need it.
Advanced Analytics, Machine Learning, & Artificial Intelligence: For complex business challenges, basic analysis isn’t enough. We use advanced AI and machine learning to run simulations and scenario analyses, helping uncover in-depth insights that standard analytics often miss.
Data Reporting, Visualization, & Custom App Deployment: Data is only useful if you can understand it. Our team creates intuitive dashboards and custom applications that visualize your data, helping make it easier to see trends, track performance, and make confident, data-driven decisions.
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Risk Analytics & Reporting
It’s critical for organizational success to understand, analyze, and report risk data to respond in a timely, proactive, and meaningful manner to achieve your strategic objectives. Our Forvis Mazars team collaborates with clients to tell their stories through data visualization while providing powerful context to their end users.
Through insightful risk analytics presented in intelligent reporting frameworks, we help empower our clients to make actionable and timely decisions:
Risk Metrics Development: Identify metrics that are important to an organization through a deep understanding of key risks and objectives to provide the right information for agile decision making
Risk Data Aggregation: Streamline structured and unstructured risk data capture and reporting to develop a unified, connected, and timely view of risk information, including Key Risk Indicators and Key Performance Indicators, to help provide advanced and actionable insights
Risk Visualization and Analysis: Create powerful storytelling and understanding of risk data through visualization and dashboarding
Risk Architecture & Technology
A risk management program needs the infrastructure to keep it functioning effectively and at a speed that serves its stakeholders. Our advisors bring functional and technical expertise to help companies improve and implement their risk technology infrastructure.
Risk Technology Enablement: Evaluate and integrate the right technologies to drive automation and efficiency and to deliver end-to-end integration of risk management processes and communication
Governance, Risk, and Compliance (GRC) Platform Implementation: Identify, align, and implement GRC platforms including development of stakeholder interaction models, target state assessment, project planning, and full scope implementation support
ESG & Climate Risk
The formula for success and resilience has changed–and supporting our clients in how they respond to this new equation is our focus at Forvis Mazars. Our offerings are designed to help clients achieve their goals in the backdrop of this new ESG landscape and contribute to the betterment of the world for generations to come. Our team of experienced ESG & Climate Risk professionals offer subject matter insights and support to organizations whether they are just starting their ESG program or are looking to optimize mature programs through technology enablement and innovation.
- ESG Strategy and Governance
- Climate Risk Management
- ESG–Centric Consulting
- Sustainable Performance Improvement
- Corporate Data and Reporting
ESG and Climate Risk
Energy & Infrastructure Finance Modeling & Training
The Energy & Infrastructure Finance practice provides financial modeling, model due diligence, and training solutions for stakeholders involved in long-term, capital-intensive projects and assets. Our experienced team delivers tailored solutions with flexibility and transparency, for an Unmatched Client Experience®.
Financial Modeling: Financial modeling solutions to address project requirements for building, rebuilding, updating, and converting models, at every stage of a project lifecycle
Model Due Diligence: Award-winning* financial model validation services for projects of all sizes and types, providing trusted and independent due diligence
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Financial Modeling Training: Public and private training courses designed to teach attendees of all skill levels how to build clean, robust, and flexible models for any asset class
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*#1 Model Auditor by deal value and count from Jan 1, 2014 to Dec 31, 2024, Infralogic
