Culture risk has become a greater concern to organizations both globally and nationally. Canada’s Office of the Superintendent of Financial Institutions (OSFI) require financial institutions to establish and maintain sound culture risk programs that define, assess, and manage culture risk. This is to ensure that any misalignments between an organization`s desired and actual culture and behavior are addressed to prevent it from achieving its goals.

How will you respond to evolving regulations to address culture risks in your organization?

Find out how KPMG's expertise can help you and your company

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How we can help

Effectively and proactively manage culture risk

We use KPMG’s culture risk methodology, combined with third-party insights and analytics, to help you identify any misaligned culture and behaviour that may have negative outcomes. We help you develop and integrate a formal program that provides direction and effective challenge within the boundaries of your culture. And our Risk as a Service solution can help you ensure you manage your culture risk on an ongoing basis:

Culture risk assessment

Using an advanced predictive analytics tool, we help you identify individual and organizational misalignments between your existing and desired culture and behaviours.

Culture risk dashboard

We provide technology-enabled insights into the quality of your culture risk, such as leadership influence, speak-up and listen, and role modelling.

Root cause analyses

We identify underlying factors contributing to your culture risk issues, so you can target, address, and improve culture risk within certain processes, departments and/or teams.

Thematic reviews

We review, provide insights, and pinpoint actions to improve your culture risk processes.

Culture risk program maturity assessment

We help you benchmark your organization against the market, and provide clear recommendations to mitigate culture risk.

Why KPMG?

We’re leaders in integrated risk and can help ensure you embed your culture risk program across your organization
Our experienced professionals combine KPMG’s culture risk methodology with leading third-party insights and analytics to establish, maintain and/or enhance your culture risk mitigation efforts
We understand the financial institutions industry and can help ensure your culture risk program meets OSFI’s requirements now and as the culture risk landscape evolves.