NEW YORK, April 21, 2014 (GLOBE NEWSWIRE) -- KPMG LLP, the US audit, tax and advisory firm, today announced that it has been named the 'Best Overall Consultancy' by Operational Risk & Regulation magazine. These annual awards recognize companies that demonstrate innovative thinking and provide useful solutions to the operational risk management challenges faced by the financial services industry.
"Managing operational risk is more important to the strategic success of financial institutions today than at any other time in history and KPMG continues to develop innovative tools, resources and approaches to help our clients enhance their risk management frameworks," said Jitendra Sharma, Global Head of KPMG's Financial Risk Management Service Line. "We are honored and delighted to receive this award, which reflects the exceptional work our team has done helping our clients transform operational risk management into a process that is fully integrated with our clients' business strategies and value propositions within all levels of the enterprise."
KPMG's Operational Risk team leverages its deep financial services industry knowledge and experience to help clients address their most complex business challenges, providing them with practical solutions that incorporate leading risk management practices. KPMG helps organizations strategically realign the mission and focus of Operational Risk Management by simultaneously supporting and constraining front-office risk-taking within the confines of their defined risk appetite and then driving transparency that can be independently verified by Internal Audit.
"Against the backdrop of a continually evolving regulatory landscape, we apply our knowledge of industry leading practices to help our clients design Operational Risk Management frameworks that will support their overall business objectives and provide them with lasting and demonstrable value," said Tim Phelps, leader of KPMG's US Operations Risk Service Network.
The complete award results can be found in the May 2014 issue of Operational Risk & Regulation magazine.
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries.