Synergy is a government owned corporation and is Western Australia’s largest energy retailer and generator. MYR has worked with Synergy since 2015 in the capacity of outsourced risk and internal control manager and recently secured a new three year contract to continue in this role.
While the initial focus of our work with Synergy was on revamping their risk management program through new framework documentation and structure, and the identification and analysis of material risks, a key focus of the program is now on establishing an internal control model that supports their agile and adaptive approach to business.
Dissecting, defining and improving the core activities and critical controls of complex business units is an ongoing focus and is assisting the organisation to become more efficient and effective in its day to day activities.
Throughout our tenure with Synergy we have overcome many obstacles and challenges to ensure risk and internal control activities remain relevant, adds value and is understood by the organisation.