Risk Assessment Planning
Our strategy begins with concepts that govern our Guiding principles for client success. We are guided by our core principles: Competence, Objectivity, Independence, and Confidentiality.
We use a unique consulting methodology that allows us the pinpoint our client’s Strengths Weaknesses Opportunities and Threats to accurately assess Risk Management, Investor, and Insurance-Related Due Diligence Needs
Identify, Monitor and Address Risks • Support annual Enterprise Risk Management cycle • Partner with business areas to identify and take action against end-to-end enterprise risks • Work with business areas to ensure proper resourcing of risks and inclusion in objectives to monitor and measure risk mitigation • Support/perform meeting facilitation and design/deliver risk management training to business areas • Lead risk and theme assessment process to identify and prioritize key regional area risks • Assist in creation of employee awareness and integration of ERM initiatives into company-wide priorities • Create an aggregate view of risks and risk themes • Prepare risk updates for the Audit Committee, Board and the Risk Management Committee • Support S&P, FFIEC and other compliance reviews Thought Leadership • Perform research and analysis regarding emerging risk trends and implications to the enterprise • Work with business areas to map business processes and to define root causes of risks • Participate in and/or lead cross-functional risk related projects • Advance work to identify and take action against lesser known high impact risks • Benchmark and incorporate leading ERM tools and practices • Help to evolve ERM to meet the needs of the changing business environment • Work to incorporate risk/reward equation into business decisions Technology Risk Committee (TRC) • Partner with Head of Technology Risk Committee to: o Set the tone and direction of the committee o Regularly review outputs to continuously enhance the value of committee • Coordinate advance work, take TRC minutes and ensure that agreed actions are completed • Liaise with Internal Audit and help to coordinate Audit Committee updates • Help to identify and address company-wide technology related risks .
A Sampling of Our Clients Includes:
Real estate owners and developers Real Estate Investment Trusts (REITs) Investors who take equity positions in construction projects or real estate acquisitions Entrepreneurs, venture capital firms and financial services companies Taft-Hartley institutions Law firms Commercial lenders (permanent, mezzanine loans and construction loans) Private and publicly traded entities, Fortune 500 companies in major industries, and international conglomerates
Our Transactional Services Include:
Engaging both sides of the transaction in discussions to ensure that the technical details of the insurance, or risk financing needs of the deal, are clearly understood. Assessing the merits or pitfalls of proposed insurance or risk financing alternatives. Bringing creativity and peer review to the deal or project, and assisting in the design of the risk financing program.
Exploring answers to questions about collateral protection. – Kinds of liabilities from current ground leases that might affect a joint venture’s control of its own insurance and risk financing program – Appropriate concerns when considering alternatives to contractor payment and performance bonds.
Analyzing contracts and collaborating with clients to design effective insurance requirements for ground leases, joint venture agreements, and construction contracts.
Transactional Due Diligence – we bridge the legal environment and the insurance and risk financing insurance needs during the acquisition or pre-development process.
Ongoing Due Diligence – “things happen” that adversely expose our clients’ collateral during a project’s life cycle. We act as a resource by independently monitoring insurance or alternative risk financing programs, identifying deficiencies and helping resolve them before situations get out of control.
Compliance Review Services – through customized audits, we evaluate a project’s current insurance protection and document an insurance program’s compliance against requirements contained in executed agreements. We identify deficiencies and prioritize actions that restore protection of our clients’ collateral. We provide the best value when we’re brought into the picture before agreements are signed, though we are not shy about jumping into the middle of a process to help it resolve successfully.
Millennium’s research covers major listed companies, and markets. We conduct comprehensive annual overviews of the most dynamic sectors of the economies including telecoms, machine building, pipes, steel, chemicals, utilities, oil, energy, financials and consumer goods. We focus on the strategic positioning of companies and their ability to create shareholder value. Our research also covers macroeconomics, government and corporate debt. If you need comprehensive research for investment, marketing, competition, mergers & acquisition, or sector analysis we can assist you with all your research needs.
There are risks involved in any business. We provide you with extensive and personal advice before a crisis hits. We will identify, assess, and prioritize risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary.
Our methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
Our strategies to manage risk include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk. Whatever the risk potential Millennium Consulting will help the organization minimize, control, and protect assets, operations, systems, processes, and human capital.
We help our clients institute best practices when designing strategic plans for Risk Management.
Risk Management is a level of managerial activity under setting goals and over Tactics. Our Strategic management techniques provides overall direction to the enterprise and is closely related to the Organization Development aspects of management. In terms of business administration practices “strategic alignment” between the organization and its environment or “strategic consistency” is extremely important. We help develop strategic consistency resulting in the actions of an organization being consistent with the expectations of management, and personnel, these in turn are consistent with the market and the context of Risk management.