We offer full scope Integrated Risk Management (IRM) services

According to Gartner, IRM is defined as “A set of practices and processes supported by a risk-aware culture and enabling technologies, that improves decision making and performance through an integrated view of how well an organization manages its unique set of risks.”

At BlueShift, we know that in order to fully understand your risk landscape and the potential impact of risk on your organization, it is necessary to understand its full scope in the context of your strategy as its foundation. To do this, BlueShift considers risk as it exists across business units, risk and compliance functions, as well as in relation to third parties (incl. business partners and suppliers). Through integrated risk management it is possible to align strategy and supporting tactics across the three lines of defense and gain visibility into both opportunities and risk exposures to support informed risk-based decision making.

BlueShift supports you to drive consistent alignment with strategy at both the strategic (see our Strategy Development and Enterprise Risk Management services) and operational levels (see our Process and Control Optimization, Control Testing and Business Continuity Planning services).

Strategy Development and Refinement

We support established companies, governments, and non-profits with our strategy services to help them make meaningful change in their businesses, organizations, and in society.

Our Services

  • Develop and refine strategic plans

  • Create and refine new business and public service models and go-to-market strategies

  • Facilitate strategic retreats

  • Create and implement a Corporate Governance Framework

  • Create and implement a strategic foresight program

Enterprise Risk Management

ERM at BlueShift is about expecting more from your ERM program. We focus on providing clients with intelligent Enterprise Risk Management services that leverage our depth of experience and technical knowledge, data insights and social monitoring to shift the focus from “What keeps you up at night?” to the much more meaningful “What are the critical risks impacting my ability to achieve success?”.

Our Services

  • Develop and implement ERM programs

  • Facilitate digital ERM transformation

  • Integrated Risk Management / Governance, Risk and Compliance (GRC)

  • Prepare governance framework

  • Conduct strategic foresight / risk monitoring (KRI/KPI dashboarding)

  • perform ERM maturity assessments

  • Provide ERM advisor loan staff resources

Process and Control Optimization

Using a Lean approach and in-depth control knowledge, BlueShift helps companies re-envision their business process and control design to maximize process efficiency and minimize downside risk exposure related to their financial, operational, IT and compliance processes.

Our Services

  • Design and automate control performance

  • Perform business control / IT Control gap analysis

  • Prepare and refine process documentation (narratives, flow-charts, RCMs)

  • Perform process assessments

  • Implement digital control transformation

  • Perform a COSO mapping / maturity assessment

  • Perform process monitoring

  • Provide process and control loan staff resources

Control Testing

Blueshift helps companies test their financial, operational, IT and compliance controls to ensure that the controls in place are appropriate, designed effectively and operating as designed on a consistent basis.

Our Services

  • Test the design and operation of controls

  • Identify and test compensating controls

  • Provide remediation recommendations

  • Prepare reports for management and the board related to testing results

  • Liaise with external auditors or regulatory bodies

  • Facilitate digital control transformation

  • Provide control testing loan staff

Business Continuity Planning

The act of putting together strategies to mitigate the risks from unexpected events is at the core of business continuity management. Whether it’s a hurricane that floods headquarters, a pandemic that forces staff to work from afar, or an act of cyberterrorism that leaves systems compromised, Blueshift helps clients to take a comprehensive approach to Business Continuity Management.

Our Services

  • Prepare risk assessment

  • Prepare business impact assessment (BIA)

  • Prepare disaster recovery plans (DIR)

  • Prepare business continuity plan (BCP)

  • Prepare crisis management plan (CM)

  • Conduct BCP maturity assessment/gap analysis

  • Conduct tabletop exercises (CM/DIR/BCP)

  • Provide BCP loan staff resources