A broad array of trends are intensifying organizations’ risk environment. These include extreme volatility in financial and commodity markets, growing legal and regulatory complexity, and more demanding, socially-conscious consumers. Each of these trends can easily amplify the impact of crises on companies’ activities, performance, and long-term health. Because of this, knowing how to anticipate, prevent, and manage risk—whatever its nature—is becoming a major strategic concern and decisive competitive advantage for all types of enterprises and public sector entities. It is also increasingly a formal component of corporate governance.
Our Risk Practice takes a truly global, cross-sector and cross-functional view of risks. We begin with McKinsey’s deep industry insight and strategic skills, and combine it with a structured risk-management approach, proven methodologies focused on true transformation, analytical tools, and practical implementation.
Our support is characterized by:
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Cutting-edge industry knowledge
We have four key areas of expertise: enterprise risk management and risk culture, credit risk, market and trading risk, and risk and regulation. We regularly publish our latest thinking in the McKinsey Working Papers on Risk series and in articles in leading academic and industry publications. We are strongly represented at the most important annual risk conferences, and we host a number of Chief Risk Officer (CRO) roundtables, bringing together leading risk executives from top global companies and institutions.
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A global network of expert practitioners
Our network includes more than 80 partners and 180 consultants advising on risk projects on five continents. We also work closely with senior expert advisers—external collaborators who bring to bear decades of industry, regulatory, and academic experience.
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Unrivalled breadth of global experience
We have completed more than 2,500 client projects since 2002 at leading banks, insurers, asset managers, and energy and materials companies, as well as public-sector entities. We have also advised leading corporations in industries such as healthcare, telecommunications, and automotive and assembly.