Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
Standard Operating Procedures (SOPs) and Risk Control Matrices (RCMs) are fundamental tools for effective governance and risk management within organizations. SOPs establish structured workflows and assign responsibilities, while RCMs link key risks to corresponding controls, promoting transparency, accountability, and operational efficiency.
Well-designed SOPs and RCMs help reduce operational ambiguities, mitigate compliance risks, and enhance process standardization. They act as practical guides for employees and provide management with a robust framework for governance and risk oversight.
About This Service
Our SOP and RCM development services help organizations formalize and document their processes in line with governance and compliance standards. We collaborate with management to map critical processes, identify risks, and define control mechanisms that ensure transparency, accountability, and operational efficiency.
We create SOPs that clearly define responsibilities, timelines, documentation requirements, and escalation protocols, enhancing consistency, reducing reliance on individuals, and improving overall efficiency. For RCMs, we link risks to specific business processes and establish control points to mitigate exposures effectively.
Our approach emphasizes practicality, ensuring SOPs and RCMs serve as actionable tools that support decision-making, risk management, and continuous process improvement, rather than mere compliance documents.
By integrating risk-based thinking with structured process documentation, we help organizations build robust frameworks that strengthen governance, meet regulatory expectations, and drive operational excellence.
Key Features / Scope of Work
End-to-end process mapping and documentation
Development of SOPs for business and support functions
Creation of Risk Control Matrices (RCMs) for critical processes
Identification of risks and mapping to relevant controls
Standardization of workflows and accountability mechanisms
Alignment with IFC/ICFR, SOX, and governance requirements
Practical, user-friendly documentation for employees and management
Enhancement of governance, compliance, and operational efficiency
- Internal Audits & Risk Advisory
- Process-based Internal Audits
- IFC, ICFR, SOX Compliance Advisory & Testing
- Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
- IT System & ITGC Reviews
- Business Continuity & Disaster Recovery Review
- Risk Heat Mapping & Remediation Planning
- Internal Financial Controls Implementation & Monitoring
- Process Improvement/ Cost reduction studies
- Automation of Selected Processes
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