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Risk management in the banking sector

*Accenture 2015 Global Risk Management Study – Banking respondents

expect this integration to occur in two

years’ time.

have used analytics to address business and market risks.

say risk analytics is integrated with strategic

decision-making.

Key challenges Signs of growth

Bank respondents to the Accenture 2015 Global Risk Management Study*

face 3 key challenges:

5 key priorities

of respondent banks have higher risk appetites for new product development.

41%

think risk functions play a critical/important role in enabling growth.79% say they have achieved fully risk-based decision-making.14%

21

Tough economic climate

Demanding regulations

3

Competition fromdigital innovators

9% 22% 75%

of bank respondents say risk and finance work on corporate strategy.

say the CRO has very frequent dealings with the CIO and Chief Technology Officer (CTO).

New relationshipsRisk management as an enabler

to the business.

1

of banking respondents to grow investment in risk management capabilities.

say understanding cyber risk is a capability that will be most in demand in their risk function.

Talent gapsThe war for specialized risk

talent to intensify.

2

of respondents expect cyber risk to become more severe.

see strategic risks increasing.

Operational risksDriven by changes in the commercial landscape.

5

say they have a consistent risk culture.

believe human nature is stopping this from happening.

Robust risk culture Respondent banks struggling to embed enterprise-wide.

Data and analyticsLow usage among surveyed banks.

3 4

22%

21%

83%

37%

65%

59%

11%

37%