Risk management consulting is a critical service for organizations navigating complex regulatory environments, economic uncertainties, and technological disruptions. Below is an in-depth overview of 20 leading risk management consulting firms, highlighting their expertise, services, and unique value propositions.
1. KPMG Risk Consulting
- Founders: William Barclay Peat, James Marwick (merged to form KPMG)
- Founded Year: 1987 (modern KPMG)
- Headquarters: Amstelveen, Netherlands
- Product Categories: Enterprise risk management, regulatory compliance, internal audit, cybersecurity, financial risk, ESG advisory
- Description: KPMG is a global network of professional services firms providing audit, tax, and advisory services. Its risk consulting division offers comprehensive solutions to help organizations identify, assess, and manage risks across various domains, including financial, operational, and regulatory.
- Key Features:
- Global presence with over 270,000 professionals
- Expertise in regulatory compliance and internal audit
- Advanced cybersecurity risk management
- ESG advisory services
- Data-driven risk assessment methodologies
2. Deloitte Risk & Financial Advisory
- Founders: William Welch Deloitte
- Founded Year: 1845
- Headquarters: London, UK
- Product Categories: Cyber risk, financial risk, regulatory compliance, internal audit, crisis management, strategic risk
- Description: Deloitte’s Risk & Financial Advisory services provide organizations with insights and solutions to manage risk, enhance performance, and achieve regulatory compliance. Their services encompass cyber risk, financial risk, and strategic risk management.
- Key Features:
- Comprehensive risk management framework
- Advanced analytics and AI-driven insights
- Crisis management and resilience planning
- Global network of risk professionals
- Tailored solutions for various industries
3. EY-Parthenon (Risk Advisory)
- Founders: Ernst & Young (EY)
- Founded Year: 1989 (EY-Parthenon)
- Headquarters: London, UK
- Product Categories: Strategic risk, regulatory compliance, M&A advisory, operational risk, ESG risk
- Description: EY-Parthenon is a global strategy consulting firm that provides risk advisory services focusing on strategic risk, regulatory compliance, and operational risk. Their expertise extends to M&A advisory and ESG risk management.
- Key Features:
- Strategic risk assessment and mitigation
- M&A risk due diligence
- Operational risk optimization
- ESG risk integration
- Cross-industry experience
4. PwC Risk Assurance Services
- Founders: Samuel Lowell Price, William Cooper (merged to form PwC)
- Founded Year: 1998 (modern PwC)
- Headquarters: London, UK
- Product Categories: Internal audit, cybersecurity, regulatory compliance, financial risk, crisis management, ESG advisory
- Description: PwC’s Risk Assurance Services help organizations manage risk and achieve compliance through a range of services, including internal audit, cybersecurity, and financial risk management. Their approach integrates technology and industry insights.
- Key Features:
- Integrated risk management solutions
- Cybersecurity and data privacy expertise
- Crisis management and resilience planning
- Regulatory compliance support
- ESG risk advisory services
5. McKinsey & Company (Risk Practice)
- Founders: James O. McKinsey
- Founded Year: 1926
- Headquarters: New York, USA
- Product Categories: Enterprise risk, strategic risk, regulatory compliance, operational risk, crisis management
- Description: McKinsey & Company’s Risk Practice offers strategic risk management services to help organizations navigate complex challenges. Their services include enterprise risk, strategic risk, and operational risk management, with a focus on data-driven insights.
- Key Features:
- Data-driven risk assessment tools
- Strategic risk alignment with business objectives
- Operational risk optimization
- Crisis management frameworks
- Industry-specific risk solutions
6. Protiviti
- Founders: Robert Half International
- Founded Year: 2002
- Headquarters: Menlo Park, USA
- Product Categories: Governance, risk, and compliance (GRC), cybersecurity, internal audit, financial risk, technology risk
- Description: Protiviti is a global consulting firm that provides services in governance, risk, and compliance (GRC), cybersecurity, and internal audit. Their solutions help organizations manage risks and achieve compliance through innovative approaches.
- Key Features:
- Comprehensive GRC solutions
- Cybersecurity risk management
- Internal audit and assurance services
- Financial and technology risk advisory
- Tailored solutions for various industries
7. Accenture (Risk & Compliance Services)
- Founders: Arthur E. Andersen (original parent company)
- Founded Year: 1989 (Accenture brand)
- Headquarters: Dublin, Ireland
- Product Categories: Risk transformation, regulatory compliance, cybersecurity, operational risk, digital risk
- Description: Accenture’s Risk & Compliance Services assist organizations in transforming their risk management practices through digital solutions. Their services include risk transformation, regulatory compliance, and cybersecurity, leveraging advanced technologies.
- Key Features:
- Digital risk transformation
- Regulatory compliance expertise
- Cybersecurity risk management
- Operational risk optimization
- Advanced analytics and AI integration
8. Control Risks
- Founders: David S. Smith
- Founded Year: 1975
- Headquarters: London, UK
- Product Categories: Political and security risk, crisis management, cyber risk, operational risk, regulatory compliance
- Description: Control Risks is a global firm specializing in political, security, and operational risk. They provide intelligence-led risk management solutions that help clients protect people, assets, and reputation across various global industries.
- Key Features:
- Expertise in political and security risk
- Crisis management and business continuity planning
- Cybersecurity risk assessment
- Operational risk mitigation
- Regulatory compliance support
9. Oliver Wyman (Risk & Public Policy)
- Founders: Alex Oliver, Bill Wyman
- Founded Year: 1984
- Headquarters: New York, USA
- Product Categories: Financial risk, operational risk, regulatory compliance, public policy, crisis management
- Description: Oliver Wyman’s Risk & Public Policy practice offers services in financial and operational risk, regulatory compliance, and public policy. They assist organizations in managing risks and navigating complex regulatory landscapes.
- Key Features:
- Financial and operational risk expertise
- Regulatory compliance advisory
- Public policy analysis
- Crisis management strategies
- Industry-specific risk solutions
10. Marsh & McLennan Companies
- Founders: Henry Marsh, Donald McLennan
- Founded Year: 1905
- Headquarters: New York, USA
- Product Categories: Risk management, insurance brokerage, reinsurance, employee benefits, consulting
- Description: Marsh & McLennan Companies is a global professional services firm offering risk management, insurance brokerage, and consulting services. Their risk management solutions help organizations identify, assess, and mitigate risks.
- Key Features:
- Comprehensive risk management services
- Insurance and reinsurance expertise
- Employee benefits consulting
- Global network of professionals
- Tailored solutions for various industries
11. Bain & Company (Risk Management Consulting)
- Founders: Bill Bain, Patrick F. Graham
- Founded Year: 1973
- Headquarters: Boston, USA
- Product Categories: Enterprise risk management, operational risk, financial risk, governance, regulatory compliance
- Description: Bain & Company offers risk management consulting services that help businesses optimize risk strategies across multiple domains, including financial, operational, and governance risks. Their approach combines cutting-edge analytics and tailored solutions to ensure clients manage risk proactively while improving overall business performance.
- Key Features:
- Comprehensive risk management strategies
- Data-driven decision-making tools
- Expertise in financial and operational risk
- Governance and regulatory risk mitigation
- Global reach with industry-specific expertise
12. Grant Thornton (Risk Advisory Services)
- Founders: William H. McKee
- Founded Year: 1924
- Headquarters: Chicago, USA
- Product Categories: Risk management, internal audit, cybersecurity, regulatory compliance, governance
- Description: Grant Thornton provides risk advisory services designed to help organizations protect their assets and enhance operational efficiency. Their consulting services focus on cybersecurity, financial risk, internal audit, and governance, assisting businesses in navigating complex regulatory frameworks while managing risk effectively.
- Key Features:
- Expertise in cybersecurity risk management
- Integrated solutions for regulatory compliance
- Internal audit and governance advisory
- Risk mitigation for financial and operational domains
- Global presence with industry-focused services
13. Risk Advisory Group
- Founders: N/A
- Founded Year: 1997
- Headquarters: London, UK
- Product Categories: Security risk management, crisis management, cyber risk, political risk, compliance
- Description: The Risk Advisory Group offers specialized services in security risk management, political risk analysis, and crisis management. They provide intelligence-led risk management solutions that help clients protect people, assets, and reputation across various global industries.
- Key Features:
- Expertise in security and geopolitical risk
- Crisis management and business continuity planning
- Cybersecurity and cyber risk mitigation
- Political and reputational risk analysis
- Global risk management for multinational clients
14. Booz Allen Hamilton (Risk Management & Cybersecurity)
- Founders: Edwin G. Booz
- Founded Year: 1914
- Headquarters: McLean, USA
- Product Categories: Risk management, cybersecurity, operational risk, regulatory compliance, data analytics
- Description: Booz Allen Hamilton provides risk management consulting services with a focus on cybersecurity, data protection, and operational risk management. Their services help government agencies and private-sector businesses manage complex security threats and comply with regulatory requirements.
- Key Features:
- Leading cybersecurity risk solutions
- Advanced data analytics and threat intelligence
- Operational risk management frameworks
- Expertise in government and defense sectors
- Compliance and regulatory advisory
15. Willis Towers Watson (Risk and Insurance Consulting)
- Founders: Henry Willis, John Towers
- Founded Year: 1828
- Headquarters: London, UK
- Product Categories: Risk management, insurance brokerage, financial risk, actuarial consulting, employee benefits
- Description: Willis Towers Watson offers a wide range of risk management services that include insurance brokerage, risk advisory, and actuarial consulting. They help businesses mitigate risk through tailored insurance solutions and proactive risk management strategies across various industries.
- Key Features:
- Risk and insurance solutions for diverse industries
- Actuarial consulting and financial risk management
- Employee benefits consulting
- Global footprint with local expertise
- Expertise in both traditional and emerging risks
16. Aon Risk Solutions
- Founders: N/A (Aon Corporation founded in 1982)
- Founded Year: 1982
- Headquarters: London, UK
- Product Categories: Enterprise risk management, insurance and reinsurance, cyber risk, financial risk, health and benefits
- Description: Aon is a global professional services firm that provides risk management solutions across various sectors. They specialize in enterprise risk management, insurance, reinsurance, and employee benefits, with a strong focus on mitigating financial, operational, and cyber risks.
- Key Features:
- Comprehensive risk management consulting
- Cyber risk and insurance solutions
- Health and benefits risk management
- Reinsurance services and solutions
- Global risk advisory and expertise
17. FTI Consulting (Risk & Financial Advisory)
- Founders: N/A
- Founded Year: 1982
- Headquarters: Washington, D.C., USA
- Product Categories: Crisis management, financial risk, litigation support, regulatory compliance, governance
- Description: FTI Consulting provides services in crisis management, financial risk mitigation, litigation support, and regulatory compliance. The firm offers expert risk advisory services that help businesses navigate significant challenges such as financial distress, regulatory scrutiny, and operational crises.
- Key Features:
- Crisis management and turnaround services
- Expertise in litigation and dispute resolution
- Regulatory compliance and risk mitigation
- Financial risk and strategic advisory
- Industry-specific risk solutions
18. Towers Perrin (now part of Willis Towers Watson)
- Founders: N/A
- Founded Year: 1865 (merged with Watson Wyatt to form Willis Towers Watson in 2006)
- Headquarters: London, UK
- Product Categories: Risk management, actuarial consulting, benefits, insurance services
- Description: Towers Perrin, now part of Willis Towers Watson, provides actuarial consulting and risk management services. Their expertise spans insurance, employee benefits, and financial risk management, helping businesses mitigate risks and enhance their financial stability.
- Key Features:
- Actuarial and insurance risk management
- Employee benefits consulting
- Expertise in financial risk and capital management
- Global presence with specialized services
- Merged expertise for broader risk solutions
19. Navigant Consulting (Risk & Compliance Services)
- Founders: N/A
- Founded Year: 1983
- Headquarters: Chicago, USA
- Product Categories: Regulatory compliance, internal audit, financial risk, governance, dispute resolution
- Description: Navigant Consulting (now part of Guidehouse) provides a range of services focused on risk management, including regulatory compliance, financial risk assessment, and governance. Their experts work with clients to design and implement risk mitigation strategies tailored to their needs.
- Key Features:
- Comprehensive regulatory compliance solutions
- Governance and internal audit expertise
- Financial risk management services
- Dispute resolution and legal advisory
- Global risk consulting network
20. RSM International (Risk Advisory Services)
- Founders: N/A
- Founded Year: 1964
- Headquarters: London, UK
- Product Categories: Risk management, internal audit, cybersecurity, regulatory compliance, financial risk
- Description: RSM International provides a variety of risk advisory services to help organizations protect their assets, reduce risks, and comply with regulations. Their expertise covers areas such as internal audit, cybersecurity, financial risk management, and regulatory compliance.
- Key Features:
- Internal audit and governance solutions
- Financial risk and cybersecurity consulting
- Regulatory compliance support
- Tailored risk solutions for small to medium-sized enterprises
- Industry
