Success Stories

Financial Services


Business Need

A mid-sized Bank ($3.5B in assets) needed to implement an Enterprise Risk Management (ERM) program for their organization. A new internal audit Vice President had recently been hired, and there were regulatory pressures to show development of an ERM program. They engaged Core Catalysts to provide subject matter expertise and thought leadership to help them define the ERM program processes and structure.

Services Provided

Core Catalysts provided thought leadership and templates to create an overall framework for the ERM program. Key deliverables included:

  • Organized and conducted round table sessions with banking peers to gather information and vet ideas.
  • Integrated the internal audit team and processes into the ERM program.
  • Trained Bank personnel on use of the ERM framework.

After the project was completed, we provided periodic reviews of progress and served as a sounding board for the ERM program leader.

Value Provided

A comprehensive ERM program design was created as a result of the project. The Bank wanted responsibility for execution of the ERM program so their personnel were trained on how to implement the design. Tools were provided to aid implementation and knowledge transfer was completed to help the Bank executives become comfortable with the direction and execution required.

Back to Resources