What is Enterprise-Wide Risk Management (EWRM)?

Enterprise-Wide Risk Management is a new strategic process that is a departure from the traditional concept of risk management.

A STEP UP FROM ERM
Risk management is no longer strictly a credit administration or corporate insurance function.
It is widely recognized as a core competency that deserves the highest level of management attention.
Environmental Risk Management Services Philippines, Inc. uses an approach towards this core competency that is
being adopted by both institutions and regulators, and that is Enterprise-Wide Risk Management (EWRM)

CREATING VALUE
EWRM is the integrated measurement and management of credit risk, market risk and operational risk involving all of
the company’s internal control and risk functions, such as credit, asset-and-liability management, audit,
compliance and insurance. EWRM focuses on enhancing shareholder value through better business strategies,
relationship management, product pricing, capital management, and risk transfer.

A THOROUGH APPROACH
Enterprise-Wide Risk Management (EWRM) is the application of management policies and processes to enable
the systematic identification, analysis, treatment and monitoring of risk.
EWRM allows opportunities to be taken when appropriate while also minimizing
the likelihood and impact of undesirable events or outcomes.