Risk Advisory: Turn Risk into Measurable Advantage
Design a risk programme that improves decisions, satisfies APRA/ASIC, and proves control with board-ready evidence.
Overview
OCG’s Risk Advisory helps APRA/ASIC-regulated organisations design and evidence end-to-end risk management: board-level governance, CPS 220-aligned frameworks, risk appetite & limits, control libraries, independent assurance, incident/breach handling, and MI that leaders actually use.
We integrate prudential / compliance expectations (e.g., CPS 220, CPS 230, CPS 234, RG 78, RG 271) with sector realities across banking, insurance and super, so you can quantify exposure, prioritise fixes, and show regulators defensible outcomes.
What “Risk Advisory” Means Today
And what regulators expect…
Prudential spine: CPS 220 requires an enterprise RMF, RAS, decision-useful MI and independent assurance across financial and non-financial risks.
Operational resilience links: CPS 230 folds outsourcing and continuity into one resilience standard; risk governance must connect to critical operations, tolerances and third-party oversight.
Information security: CPS 234 demands board-owned, testable controls and supplier equivalence.
Find out how we can help…
How OCG Delivers Risk Advisory
From Policy to Proof
Phase 1: Frame & Prioritise
RMF and Risk Appetite Statement (RAS) uplift with measurable limits; risk taxonomy alignment.
Heat-map & top-risk narratives; issues/incident intake standards; board briefing.
Phase 2: Controls & Operating Model
Three-lines RACI; control library by risk class (operational, conduct, cyber, third-party, product/consumer).
Assurance map (QA, Compliance Monitoring, IA); evidence catalogue; closure standards.
Phase 3: MI & Decisioning
Executive/board dashboards: breaches, KRIs, risk acceptances, remediation velocity, tolerance breaches.
Data lineage across complaints (RG 271), breaches (RG 78), DDO signals and incidents.
Phase 4: Test & Improve
Thematic reviews; red/purple-team inputs into risk MI; post-incident learnings → RAS/controls updates.
The OCG Difference
What we deliver
CPS 220-aligned RMF/RAS with metrics & limit logic.
Control library with owners, evidence types, test frequency and pass/fail criteria.
Assurance plan & sampling frameworks (first/second/third line).
Incident & breach triage playbook (RG 78) and complaints-to-DDO signal flows (RG 271).
Board MI pack (templates + data dictionary).
Independent review protocol for ongoing effectiveness testing.
Outcomes we target:
Fewer tolerance breaches, faster close-out of audit/regulatory findings.
Higher first-time QA pass rates; reduced AFCA escalations via RG 271 alignment.
Defensible decisions (clear risk acceptance log, closure evidence, MI traceability).
Strengthen Your Risk Programme
Work with OCG’s Risk-Governance Specialists
Make risk real for decision-makers. We’ll uplift RMF & RAS, build evidence-backed controls and assurance, and ship board-ready MI that satisfies prudential and conduct expectations.
Our Risk Advisory Leads
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James Dickson
FOUNDER & MANAGING DIRECTOR
With over two decades of experience in the industry, James has established OCG as a trusted partner to financial institutions, delivering tailored solutions in risk management, compliance, and operational excellence.
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Anthony Speight
PRINCIPAL - HEAD OF CONSULTING
Anthony Speight serves as the Principal and Head of Consulting at Oceanic Consulting Group (OCG), where he leads the firm's consulting practice, focusing on delivering high-value, client-centric advisory services and driving innovation.
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Danielle Radford
HEAD OF SERVICE DELIVERY
Danielle Radford serves as the Head of Service Delivery at Oceanic Consulting Group (OCG), where she leads large-scale operational teams to ensure excellence, innovation, and efficiency in client services.
FAQs
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We design measurable controls, MI and assurance so the framework is workable and provable, not just documented.
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Yes, we align to CPS 220 requirements (RMF, RAS, MI, assurance) and link to CPS 230/234 where relevant.
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Yes, we thread risk governance into CPS 230 material-service-provider oversight (contracts, assurance, exit/contingency).
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Trends on tolerance breaches, top risks, remediation velocity, repeat root causes, and cross-signals from complaints/breaches/audit.
Have a risk management question, or unsure how to enhance your regulatory obligations?
