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About this practice

Organizations of all kinds today face unprecedented levels and types of risk produced by a diversity of new sources. These include technological advances bringing cybersecurity threats; new platforms for sharing information (and misinformation), amplified and accelerated by social media; and an unpredictable geopolitical environment. To help our clients address these and other risks, McKinsey takes a global, cross-sector, and cross-functional view. We apply deep technical expertise, extensive industry insights, and innovative analytical approaches to help organizations go beyond just managing risk to enhancing their resilience, creating value, and building risk skills and assets.

Deep technical expertise

We serve clients across industries in a full range of risk areas, including credit risk, crisis response, risk data and digitization, operational risk, compliance and controls, enterprise risk management and risk culture, trading and balance sheet risk, risk advanced analytics, and risk and regulation. Our network includes more than 600 consultants with advanced degrees and diverse backgrounds. We also work closely with senior expert advisers—external collaborators who bring decades of industry, regulatory, and academic experience. Our geographic scope includes risk projects across Africa, the Americas, Asia, Europe, and the Middle East.

Extensive industry insights

We have completed more than 2,500 risk projects for clients in the past five years at leading banks, other financial-services firms, and industries as diverse as energy and materials, pharmaceutical, telecommunications, automotive and assembly, and public-sector entities. We combine our expertise in risk with deep experience and understanding of our clients’ business context, developed through decades of experience counseling our clients. This allows us to integrate our risk programs with our clients’ overall strategy. We regularly publish our latest thinking, with more than 100 papers since 2008, on; in McKinsey on Risk, our premier risk journal; and in leading academic and industry publications. We participate in the most important risk conferences globally and host risk leadership roundtables that gather leading executives from the world’s top corporations.

Innovative analytical approaches

As clients have challenged us with risk problems that are ever more technically demanding, we have responded by investing to develop greater analytical depth. More than 130 of our professionals specialize in risk advanced analytics, including over 65 specialized modelers with advanced mathematical degrees. We have developed more than 25 proprietary risk diagnostics and management tools to help clients assess performance and enhance capabilities in areas such as digital credit assessment, sentiment analysis, compliance, and digital resilience. We help clients transform risk management through advanced analytics by applying machine learning and other techniques to risk use-cases across areas such as credit risk, non-financial risk, stress testing, and capital planning. Through strategic acquisitions and partnerships, we offer clients new services and technology-based solutions. We partner with clients to build risk capabilities through academy-based instruction and on-the-job training and coaching.

In summary, our Risk & Resilience Practice plays an increasingly pivotal role in helping McKinsey accomplish its mission of helping our clients make distinctive, lasting, and substantial improvement in their performance.

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