Advisory

Risk Management Readiness Scan

Streamlining Compliance Across Multiple Standards Efficiently
Learn more about our readiness scan

What Is A Readiness Scan?

A readiness scan is the first crucial step in assessing your organisation’s risk management capabilities. At Securance, we conduct a swift and thorough analysis to evaluate your current situation and identify opportunities for improvement. This initial assessment sets the foundation. for a comprehensive risk management strategy, tailored to your specific needs.

Our approach

Our Readiness Scan follows a structured process to ensure thorough evaluation and actionable insights. Below is an overview of our approach:

Organisational Analyses

Objective

Assess the client organisation and risk management (RM) setup for governance purposes.

Focus Areas

Functions, roles, tasks, responsibilities, and escalation paths.

Policy Analyses

Objective

Evaluate policies relevant to the Risk Management Framework (RMF).

Focus Areas

RM Charter/Manual, outsourcing policies.

Process Analyses

Objective

Review process management.

Focus Areas

Process Management (PM) policies/procedures, process architecture.

Risk Assessment Analysis

Objective

Evaluate operational risk management

Focus Areas

Strategic, tactical, and operational risk policies.

Control Analysis

Objective

Assess the setup of the operational risk control framework.

Focus Areas

Management cycles, IT and IB controls

Monitoring Analysis

Objective

Review control monitoring.

Focus Areas

RM manual, first-line monitoring.

Reporting

Objective

Provide an overview of the current status and recommendations.

Focus Areas

Summary of findings and actionable recommendations.

Week-by-week overview

Our Readiness Scan is designed to be completed efficiently. Here’s a detailed look at what to expect each week:
Week 1
Scan Preparation
Preparation

Reviewing policy documents

Selection 2 processes for Scan

Communication and planning for on-site day at Cloverleaf’s
office

Week - 3
Scan On site
On Site day/ interviews

2 x process meeting

Discuss policy documents Risk Management and Process Management

Discuss IB set-up

Discuss SIRA set-up

Other coordination and interviews (to be determined)

Week - 4
Scan Data check
Data check

Check available
data 

Findings report
age

Possible
solutions/
choices

Week - 5
Scan Report
Report

Finalising reports/ conclusions

Set up analysis/ overviews

Setting up readiness reporting

Align
additional questions

Internal QA

Week - 7
Scan Review
Appointment on site

Discussing results
RM Scan

Align Scope,
Gaps and follow-up

High level planning

Week - 8
Plan Draft Version
Aligning

Prioritise gaps

Plan required actions

Plan data adjustments

Plan pilot roll-out

Plan calculation

Prepare draft

Align concept

Week - 8
Plan Finalised
Finalise plan

Review plan with stakeholders

Resourcing final

Plan and planning final

Plan and planning agreed

Frequently Asked Questions

What is a readiness scan?
A readiness scan is an initial assessment of your organisation’s risk management capabilities, identifying areas for improvement and setting the stage for a comprehensive risk management strategy.

The readiness scan typically takes several weeks to complete, with detailed evaluations and actionable insights provided throughout the process.

The on-site day involves in-depth process discussions and interviews, focusing on selected processes and relevant policy documents.

After the scan, we provide a comprehensive report with recommendations and a detailed action plan to enhance your risk management framework.

Schedule your readiness scan now

Contact us for a no-obligation consultation and find out how our Readiness Scan can help your organisation improve your risk management.
Schedule a consultation