Portfolio Risk & Compliance

 

 

Greencap is now part of WSP

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Greencap has extensive experience with the management of risk and compliance across portfolios. From small, single-state portfolios through to large, national portfolios. Whilst the underlying compliance principles are similar, the approach we would take would vary across the type of property (retail, commercial, industrial, residential) and also the client relationship (owner and manager, owner with property manager engaged, property manager on behalf of owner, tenant as part of property etc).

Pending the maturity of the portfolio, Greencap follow the below process to understand the client's needs and requirements:

1. Initial Establishment

Understand the portfolio and the risk attitude of the client.

• Are you looking for minimum legislative compliance, best practice, or somewhere in between?
• Are there certain risk and compliance elements that get greater attention at the senior management or board level?

2. Gap Analysis

This stage usually includes a combination of desktop and site-based assessments to gather information and allow us to give an overall snapshot as to the risk and compliance status across the portfolio. This would look from an overall procedure/process perspective but also from a site-based hazard/risk management perspective.

• Where is the portfolio at from a risk and compliance perspective? Is this a new concept or is risk and compliance well established within the portfolio?

3. Reporting

First stage reporting on the status of risk and compliance across the portfolio is generally followed by a facilitated workshop to discuss findings and approach. It is at this stage Greencap would provide practical solutions for improvement and risk mitigation across the portfolio using information gathered through the first two stages.

4. Risk Management Program

Using the information gathered during the initial establishment and gap analysis, this would generally involve a program of works over a period of 6-24 months (pending level of compliance and budgets). The program would be aimed at improving compliance and mitigating risk through additional assessments (completed by the client or external providers) and support through online solutions/tools. Greencap would then look to review this on an annual basis to ensure ongoing addition of value as the level of compliance increases.