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Risk Assessment and Compliance Management Logistics Industries

Based on the combined experience and expertise in logistics process, technology, financial and compliance, JAT Risk Solutions offer clients practical risk management solutions to problems faced by the onshore, offshore, ports, container, and terminal industries. In addition, we have many years of experience with various regulatory agencies in these industries (e.g. the United States Homeland Security Administration, U.S. Coast Guard, the Minerals Management Service, the Federal Energy Regulatory Commission) , DOT, International Maritime Organization, OSHA, and the International Compliance Institute and similar agencies around the world. Our experience focuses on helping our clients understand and meet regulatory requirements, and to define processes to identify and mitigate risks through effective assessment methodologies, controls and systems. We are familiar with the process, the people involved and know how to guide our clients in reducing risks, increasing reliance on financial and compliance reporting and meeting and sustaining regulatory requirements.

Our logistics services range from the identification of potential risks relating to physical, operational and technological security vulnerabilities in process designs through detailed evaluation, validation, and certification and providing specific assistance in facing operational issues like ongoing data protection, security management, problem and incident recognition, investigation and management, and opportunities for improving efficiencies in processes through improved procedures, organization structure, and technologies. We have significant experience in helping our clients bring conceptual ideas to the level of understanding and maturity that it requires to give company management the confidence that a vessel or facility process or management project involving new technology can be designed, constructed, licensed and operated successfully with minimal risk.

JATRs specializes in helping regional, national, and international logistics clients to effectively manage and mitigate financial, operational and compliance risks and achieve measurable performance improvements. JATRS has deep knowledge and experience of petroleum, logistics, supply chain management and related international markets and institutions, with a clear focus on identifying risks and defining processes and systems that can deliver value, including:
  • Economic and Operational Risk Assessment and Avoidance
  • Managed Product/market strategy
  • Organizational controls/operational efficiencies
  • Timely Problem Recognition
  • Effective Change management
  • Logistics and supply chain management
  • Improve decisions for greater precision and agility
  • Smarter strategic and operational decisions and new market evaluations
  • Compliance Process Deployment and Management
  • AICPA and International Accounting Standard Validation of Asset Valuation
  • Mergers and post-merger systems and operational process integration
  • Homeland Security compliance
  • Business Continuity and Emergency Recovery

JAT Risk Solutions, LLC’s strategy consulting activities are complemented by the Firm’s position as the leading provider of top-level risk management advisory and consulting. Partnering with JATRS provides every client a unique pool of additional knowledge and experience, as well as the capability where necessary to deliver tailored risk mitigation processes and resources.

In the past decade, emphasis in traditional logistics industries has shifted significantly to include financial, operational, and compliance risks associated with requirements of local, state, and federal regulatory agencies, including Homeland Security Administration port security and risk avoidance.

As your goods are transported throughout the globe the International Valuation Standards (IVS) operates as a global standard that can also be supplemented by regulators. The IVS provides guidance for valuation of assets in compliance to the International Financial Reporting Standards.

JATRS’s economic risk assessment methodology quantifies client risks and uncertain factors into the assessment of asset valuation providing clients supportable dollar values, thus providing for reasonable provisions for financial liability associated with valuations. JATRS’s process also allows clients the selection of the optimum remediation technique and remediation path for each technique based upon expected cost, economic and operational risk aversion criteria, regulation mandates, and taxation implications.

Economic risk assessment techniques have been used for more than 20 years to quantify risks and uncertainties in determination of expected cost and profitability outcomes. Now through JATRS, operational and regulatory risks can be quantified and adequately provided for under international and American accounting standards.

An economic risk assessment without a parallel operational risk assessment is limited. While the economic risk assessment can be used to provide a realistic range of expected cost outcomes to the responsible parties for the site, the new demands from compliance and operational risk require equal attention and preparation. Through JATRS’s process, clients are capable of informed financial planning and decision making, while averting the potential of large cost overruns and then incursion of compliance penalties at a later date in the project. The joint assessment allows concerned parties to identify and prioritize areas of greater liability as the project progresses. It also aids in the broader selection of options or approaches which will minimize potential liability and uncertainty.

Without client ownership and awareness of financial, compliance and operational risk they are destined to accepting contractors as negotiators for their site and compliance remediation work. To quantify risks and uncertainties JATRS defines processes that clients and their contractors use to perform robust economic, operational and compliance risk assessment techniques, while maintaining ownership of the process and results.

Using JATRS as your risk avoidance partner, logistics clients are better informed and make better decisions. Our principals also stay abreast of the International Valuation Committee Standards and Homeland Security task force work as it relates to financial reporting, operational, security, and compliance risks to further reduce risks and ensure client compliance to regulations and standards.

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