Services
Taking reasonable risks in a controlled manner is an inherent part of conducting business; from the formulation of strategic goals through to the operation of the value-chain and cash-flow until the assessment of results. Proper risk management creates cohesion within management, employees and other stakeholders!
The embedded concordance of the business lines, finance and the supporting functions is key to longer-term success for any firm; this however, should be based on the internal transparency of processes defining roles and responsibilities, decision making, data flows and systems, records and reports, as well as ownerships over risks and controls.
Each organisation should develop an internal control framework that enables the achievement of its objectives, the trustworthiness of its financial reports, its compliance with rules and regulations and the reliability and efficiency of its operation. The quality of the control system has direct feed-back on the effectiveness of the firm’s risk management and governance.
More: see Professional Solutions
Professional Solutions
RiGoCon supports your organisation to:
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Develop its integrated framework and processes of Enterprise Risk Management (ERM)
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Establish and formalise the role of the Risk Manager and the Risk Management function
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Understand and document risks and controls that affect your company’s goals, reputation and its capabilities for sustainable earnings
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Define the roles and responsibilities of ‘risk owners’ within the value-chain, in both financial management and in the supporting functions
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Enhance risk oversight by management and by the representative bodies of shareholders (e.g. Board, Supervisory Board, Audit Committee, Risk Management Committee etc.)
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Interconnect the risk factors originating from the value-chain with the procedures and analytics of financial management
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Measure financial exposures (currencies, commodities, interest rates, credit and suppliers) and develop tailor made limit systems
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Implement integrated trading- treasury- and risk management systems (ETRM/CTRM, SAP etc.)
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Assess risks in and controls over business continuity, prepare business impact analyses (BIA) and business continuity plans (BCP), develop business continuity management (BCM) framework
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Carry-out the necessary risk quantifications for management accounting, hedge accounting, financial accounting and IFRS-based reporting
RiGoCon supports your organisation to:
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Develop its tailor-made governance and internal policy framework
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Prepare flow-charts, policies, procedures and regulations reflecting the characteristics of the business and the specifics of the decision making mechanisms
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Optimise and cleanse those analytics within processes and in relevant systems that flow between the value-chain and financial management
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Uncover the functional and individual contributions to key performance indicators (KPI) as well as risk & control ownerships within each process
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Set transactional points within and between processes to determine internal contributions to earnings (P/L, EBITDA etc.) and the responsibilites in risk management
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Implement integrated systems for process governance and GRC (governance-risk management-compliance) through professional advisory services
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Prepare for or further improve compliance with ISO 9001:2015 standards
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Expand the quality of the management information system and the reports with special focus on the integration of relevant information over risks and controls
RiGoCon supports your organisation to:
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Improve its control environment and ethical institutions (e.g. Code of Ethics, hotline, management communication, training etc.)
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Draw up a structured Three Lines (of defence) and identify the roles and responsibilities in risk ownerships and their oversight/monitoring
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Evaluate controls of risks that affect financial reporting (SOX404), processes or strategic goals
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Develop Compliance function, including relevant processes, roles & responsibilities, policies & procedures and organisational integration
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Team-up with Internal Audit in carrying out specific assurance or consulting services and in improving professional methodologies
Value Propositions
We provide value added services to our Clients through the collaborative use of the following principles
We continously invest all efforts that our services, deliverables and recommendations should always meet the highest professional standards. To support this committment RiGoCon provides such competencies to each individual Customer that collectively cover multi-decade long practical and leadership experiences both in consulting, corporate and banking industries.
Our objective is that through our services our Partners may easily combat their specific challenges in a practical manner and with applicable tools. We put every single solution into context – with the organisation’s strategy, with its value chain and financial management, with its governance and culture, together with its business and regulatory environment.
We believe that the rigorous and on-going pursuit for quality is key to ensure competency and professionalism; already when understanding the specific needs, also during the professional approach and execution, in terms of the clearness and applicability of our deliverables and in applying unambiguous and honest communication.
We are confident that long-term prosperity rests on ethical operation and on fair cooperation and that these together contribute to a competitive advantage. At RiGoCon there is zero tolerance applied for potentially unethical, corrupt or unfair practices and we maintain this highest principle in all conditions.
Credentials
Selected Clients
Selected Clients
Clients are saying…
In Dénes we had a precise and reliable advisor who continuously applied a creative mind-set to support the execution of our complex project. Thanks for all of this!
We’ve collaborated with Dénes Doszpod of RiGoCon on several occasions in the subject areas of risk management and governance. Our experience is that he always fully assesses our needs from a client perspective, works smoothly with each stakeholder (both at operative and at top management levels) and, together with his professional skills and personal attitude, delivers great quality that completely meets our notions and expectations. In addition to elaborating high-level concepts Dénes is also able to develop efficient and effective solutions at operational levels.
Dénes has been advising our firm for many years on compliance. His strong professional know-how and practical experiences are providing us with real help and support in our everyday business compliance challenges.
Our cooperation in financial risk management delivered practical and hands-on results that have moved well beyond the textbook. After running through the firm’s processes, we developed out-of-box solutions with RiGoCon in order to measure and hedge foreign exchange and commodity exposures as well as to internally rate our suppliers. The quick understanding of our ’as-is’ state together with the flexibility and the multi-decade practical business experiences of Dénes Doszpod were deemed as the biggest benefits of the partnership; these enabled us to efficiently deliver precise implementation outputs that didn’t require any unnecessary follow-ups afterwards. We received an absolute senior-level consulting service alongside real-world knowledge to properly challenge our current practices and to come up with independent and relevant recommendations.
Thank you very much for the cooperation that helped us achieve our goals completely; our professional relationship worked perfectly, efficiently and smoothly. Your advisory assistance will be welcomed in future engagements, too.
Clients are saying…
In Dénes we had a precise and reliable advisor who continuously applied a creative mind-set to support the execution of our complex project. Thanks for all of this!
We’ve collaborated with Dénes Doszpod of RiGoCon on several occasions in the subject areas of risk management and governance. Our experience is that he always fully assesses our needs from a client perspective, works smoothly with each stakeholder (both at operative and at top management levels) and, together with his professional skills and personal attitude, delivers great quality that completely meets our notions and expectations. In addition to elaborating high-level concepts Dénes is also able to develop efficient and effective solutions at operational levels.
Dénes has been advising our firm for many years on compliance. His strong professional know-how and practical experiences are providing us with real help and support in our everyday business compliance challenges.
Our cooperation in financial risk management delivered practical and hands-on results that have moved well beyond the textbook. After running through the firm’s processes, we developed out-of-box solutions with RiGoCon in order to measure and hedge foreign exchange and commodity exposures as well as to internally rate our suppliers. The quick understanding of our ’as-is’ state together with the flexibility and the multi-decade practical business experiences of Dénes Doszpod were deemed as the biggest benefits of the partnership; these enabled us to efficiently deliver precise implementation outputs that didn’t require any unnecessary follow-ups afterwards. We received an absolute senior-level consulting service alongside real-world knowledge to properly challenge our current practices and to come up with independent and relevant recommendations.
Thank you very much for the cooperation that helped us achieve our goals completely; our professional relationship worked perfectly, efficiently and smoothly. Your advisory assistance will be welcomed in future engagements, too.
Where you could meet us
Contact us
Write us
Founder, MD
Before founding and having started to lead RiGoCon in 2012, Dénes had spent over 20 years at various multinational firms as Head of Risk Management (MOL Plc.), Corporate Governance Leader (Budapest Bank/GE Money), Senior Manager (Ernst & Young Advisory) and Account Executive (Rudolf Wolff & Co., subs. Enron).
His professional credo is to provide value added services to his clients through addressing the tasks in context and in full considerations of the given partner’s business, strategic and financial specifics, while ensuring that the solutions delivered are always pragmatic, practical and rational.
Contact details
Address: Egressy út 166, Budapest 1149, Hungary
Phone: +36 30 944 4529
Email: denes.doszpod@rigocon.hu
