Risk Management & Assurance Services

Expert Risk Management Consultancy, Advice and Guidance

Halex Consulting is a leading provider of Risk Management Advisory Services to clients in the financial and corporate sectors.  Our highly experienced team of former CROs and risk professionals work collaboratively with clients across all three lines of defence – and all categories of risk – to provide innovative and effective risk management solutions.

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Our Risk Management Philosophy

  • Our philosophy is that risk management should not be about managing risks per se.  Rather, it should help organisations achieve their strategic aims, objectives and other opportunities through the effective management of risks.
  • Applying this philosophy, we use bespoke, light-touch risk management consultancy combined with an intimate understanding of what organisations need to get right, to provide clients with leading practice risk management support, advice and guidance. (Take a look at the Risk Coalition’s Raising the Bar as an example of our work.) 
  • Our risk management health-checks leverage the Halex model of risk management effectiveness, allowing us to quickly and efficiently identify what is working well and where things should be improved.    
  • Our team members have provided governance and risk management consultancy for some of the largest organisations in the UK and Europe.

Speak to a Member of Our Team.  We’re Always Happy to Talk.

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A Better Approach to Managing Risks

Leveraging our risk management thought-leadership and years of experience, we can support you in designing, implementing, evaluating and transforming your risk management arrangements – from a quick risk management health-check through to a full-scale risk transformation programme.  Our services include:

Risk Management Health-checkRisk Coalition leading practice guidance recommends that organisations seek an independent external evaluation of risk function effectiveness every three to five years.  Our risk management health-checks provide a robust, objective assessment of your enterprise risk management (ERM) framework and/or second line risk function.

Certainty-based Risk Management – Originally developed more than 30 years ago, our certainty-based approach to risk management provides a more intuitive, performance-focused approach to managing risks. Halex Consulting is the leading consultancy in Europe advocating this approach.

AI Strategy and Governance – As leading thinkers on AI strategy, governance, risk and control, we can help you understand and exploit AI’s huge technological benefits while managing the associated risks appropriately.

UK Corporate Governance Code Provision 29 Readiness – Under recent changes to the UK Corporate Governance Code, the boards of listed and financially regulated firms will need to make an annual attestation on the effectiveness of their risk management and internal control arrangements. We provide expert support with scoping, planning and managing your UKCGC Provision 29 readiness programme.

Facilitated Horizon Scanning and Scenario Analysis – Making sound decisions in uncertain circumstances is challenging and can be even more so where those decisions need to be defensible under regulatory scrutiny. Halex provides clients with expert planning and facilitation of the horizon scanning and scenario analysis process.

Risk-focused Mentoring and Development SupportRisk management is a new profession with no clearly established qualification requirements or career path to the top. Many of today’s leading risk committee chairs and CROs may not be technically qualified or experienced in all areas of the role.  We can help you develop the skills, knowledge and confidence needed to take your career to the next level by buddying you with one of our team of skilled and highly experienced risk professionals.

Internal Audit & Assurance

Effective internal audit and integrated (combined) assurance arrangements are crucial to overall governance effectiveness and can serve as a significant strategic enabler.  We work closely with your senior leadership team to help you understand how well your internal audit and assurance arrangements are working, and how they might be improved.  

Our services include:

  • Assessing the effectiveness of your internal audit arrangements in line with international IIA standards  (EQA – external quality assessment).
  • Developing and implementing integrated (combined) assurance frameworks.
  • Co-sourced enterprise risk management (ERM), technology and cyber risk internal audit assistance.
  • UK Corporate Governance Code Provision 29 (risk management and internal control) readiness projects.
  • Internal audit executive (e.g. Chief Audit Executive, Chief Internal Auditor) mentoring and development.
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Internal Audit and Integrated Assurance

Effective internal audit and integrated (combined) assurance arrangements are crucial to overall governance effectiveness and can serve as a significant strategic enabler.  We work closely with your senior leadership team to help you understand how well your internal audit and assurance arrangements are working, and how they might be improved.  

Our services include:

  • Assessing the effectiveness of your internal audit arrangements in line with international IIA standards  (EQA – external quality assessment).
  • Development and implementation of integrated (combined) assurance frameworks.
  • Co-sourced enterprise risk management (ERM), technology and cyber risk internal audit assistance.
  • UK Corporate Governance Code Provision 29 (risk management and internal control) readiness projects.
  • Internal audit executive (e.g. Chief Audit Executive, Chief Internal Auditor) mentoring and development.

Speak to a member of our team.  We’re always happy to talk.

Our Clients