This document discusses the value of governance, risk, and compliance (GRC) initiatives for organizations. It notes that increased regulations, data security risks, and a competitive environment are driving organizations to better manage their data and risks through GRC programs. However, implementing GRC solutions can be challenging due to their technical nature and perceiving them only as reactive compliance tools. The document aims to show GRC as strategic, enterprise-wide initiatives that integrate compliance, risk management, and other business functions to provide long-term business advantages beyond just meeting regulations.
SAP GRC Risk Management, Process Control, and Access Control provide integrated governance, risk, and compliance management capabilities. They help create improved visibility of risks, lower the cost of risk management through automation, and increase efficiencies. SAP GRC Risk Management provides holistic risk visibility and intelligence. SAP GRC Process Control offers centralized controls management and testing. SAP GRC Access Control enables sensitive access and segregation of duties management. Together they support an integrated approach to GRC.
EVERFI/SEI Webinar: Implementing a Competitive GDPR Compliance PostureMichele Collu
This document discusses implementing a competitive GDPR compliance posture. It provides an overview of GDPR and outlines a four-phase implementation cycle: 1) Assess current state and remediate, 2) Develop the future state, 3) Implement, and 4) Maintain compliance. It emphasizes the importance of change management and training to successfully implement GDPR requirements.
Managing Information Risk in Financial Services Andrew Smart
Managing Information Risk in Financial Services Webinar Feb 26th 2014
presented by Colin Lobley
http://manigent.com/uk.linkedin.com/pub/colin-lobley/2/7/563
Many of the fines issued by the FCA over the past few years can be attributed to poor information management. The threats from external cyber-attack and malicious insiders are escalating, with your corporate and client information being the primary target of the cyber criminals. The legal requirement on UK businesses will evolve with the proposed EU data protection regulation likely to come into force next year. It is therefore critical to implement robust information risk management.
This document discusses how organizations can better integrate strategy and risk management. It argues that while risk management has received increased focus due to regulation, strategic risk remains the primary cause of shareholder value destruction. Strategic risk is often not properly addressed because the risk agenda is driven by regulators rather than business needs. The document suggests that risk management should be integrated into all stages of strategic planning and management, and that separate risk and strategy functions are needed to balance risk mitigation with maximizing opportunity. Effective strategic risk management can help organizations anticipate threats to strategy implementation and turn some risks into strategic opportunities.
StratexSystems was named the Risk Management Firm of the Year for delivering an Enterprise Governance, Risk and Compliance (GRC) software solution called StratexPoint. StratexPoint is built on the Microsoft SharePoint platform and provides capabilities across key GRC processes like risk management, compliance management, and internal auditing. It supports embedding these processes into daily decision making. The software aims to help businesses execute their strategies while operating within acceptable risk levels.
This document discusses the essential role of IT governance in rebuilding corporate trust. It notes that transparency, risk management, and compliance are key to ensuring accountability and social responsibility for governments, public sector organizations, and corporations. An integrated approach to governance, risk management, and compliance can help address fragmentation, lower costs, and improve business performance and predictability through better information management and decision making. Leveraging IT is seen as important for greater transparency, risk management, and accessibility of products and services.
Introducing KRI model know your customersBaby Sirota
This document introduces key risk indicators (KRI) models for managing customer credit and risks. It discusses how KRIs can be used to measure and visualize risks through business intelligence dashboards. Specific KRIs are identified for credit risk, such as late payments, credit limits exceeded, number of bank accounts, and life expectancy in a given sector. The KRI dashboards would provide an interactive interface to examine individual high-risk customers and make informed decisions about credit management. Customized KRI models and business analytics solutions are offered to help clients optimize performance and decision-making.
SAP GRC Risk Management, Process Control, and Access Control provide integrated governance, risk, and compliance management capabilities. They help create improved visibility of risks, lower the cost of risk management through automation, and increase efficiencies. SAP GRC Risk Management provides holistic risk visibility and intelligence. SAP GRC Process Control offers centralized controls management and testing. SAP GRC Access Control enables sensitive access and segregation of duties management. Together they support an integrated approach to GRC.
EVERFI/SEI Webinar: Implementing a Competitive GDPR Compliance PostureMichele Collu
This document discusses implementing a competitive GDPR compliance posture. It provides an overview of GDPR and outlines a four-phase implementation cycle: 1) Assess current state and remediate, 2) Develop the future state, 3) Implement, and 4) Maintain compliance. It emphasizes the importance of change management and training to successfully implement GDPR requirements.
Managing Information Risk in Financial Services Andrew Smart
Managing Information Risk in Financial Services Webinar Feb 26th 2014
presented by Colin Lobley
http://manigent.com/uk.linkedin.com/pub/colin-lobley/2/7/563
Many of the fines issued by the FCA over the past few years can be attributed to poor information management. The threats from external cyber-attack and malicious insiders are escalating, with your corporate and client information being the primary target of the cyber criminals. The legal requirement on UK businesses will evolve with the proposed EU data protection regulation likely to come into force next year. It is therefore critical to implement robust information risk management.
This document discusses how organizations can better integrate strategy and risk management. It argues that while risk management has received increased focus due to regulation, strategic risk remains the primary cause of shareholder value destruction. Strategic risk is often not properly addressed because the risk agenda is driven by regulators rather than business needs. The document suggests that risk management should be integrated into all stages of strategic planning and management, and that separate risk and strategy functions are needed to balance risk mitigation with maximizing opportunity. Effective strategic risk management can help organizations anticipate threats to strategy implementation and turn some risks into strategic opportunities.
StratexSystems was named the Risk Management Firm of the Year for delivering an Enterprise Governance, Risk and Compliance (GRC) software solution called StratexPoint. StratexPoint is built on the Microsoft SharePoint platform and provides capabilities across key GRC processes like risk management, compliance management, and internal auditing. It supports embedding these processes into daily decision making. The software aims to help businesses execute their strategies while operating within acceptable risk levels.
This document discusses the essential role of IT governance in rebuilding corporate trust. It notes that transparency, risk management, and compliance are key to ensuring accountability and social responsibility for governments, public sector organizations, and corporations. An integrated approach to governance, risk management, and compliance can help address fragmentation, lower costs, and improve business performance and predictability through better information management and decision making. Leveraging IT is seen as important for greater transparency, risk management, and accessibility of products and services.
Introducing KRI model know your customersBaby Sirota
This document introduces key risk indicators (KRI) models for managing customer credit and risks. It discusses how KRIs can be used to measure and visualize risks through business intelligence dashboards. Specific KRIs are identified for credit risk, such as late payments, credit limits exceeded, number of bank accounts, and life expectancy in a given sector. The KRI dashboards would provide an interactive interface to examine individual high-risk customers and make informed decisions about credit management. Customized KRI models and business analytics solutions are offered to help clients optimize performance and decision-making.
Module 3 business continuity student slides ver 1.0Aladdin Dandis
The document outlines the key components of a business continuity management system, including developing a BCM policy, performing a business impact analysis and risk assessment, determining continuity strategies, and implementing incident response plans, testing procedures, and ongoing maintenance and review processes. It provides details on each stage of developing and embedding a BCM program within an organization.
A Guide to Realizing the Value of Big DataLance Berger
This document discusses how organizations can use big data to enhance compensation programs. It defines big compensation data as integrating data from different disciplines using analytical tools to address human resources issues. It identifies five elements of big data: foundational knowledge, levels of big data implementation, competencies for big data practitioners, value-creating outcomes, and a big data blueprint. The document explains how descriptive, analytical, predictive, and prescriptive big data can help align compensation with business strategy, culture, and talent management goals.
Understand the nuances of data risk Management and their alignment with Data Management and Governance. Which organisation model will be a best fit to implement Data Risk Management in Governance.
KRI Consulting Solutions LLC provides vendor and contract management services to help organizations minimize unidentified risk exposure from third party vendors. Their services include vendor selection and evaluation, contract negotiation, post-award administration, and risk analysis of existing contracts. KRI partners with clients to understand the scope of vendor services and ascertain the level of risk associated with each vendor. They then implement an oversight plan involving risk assessments and controls to provide risk awareness and reduce operational expenses for clients.
The document outlines objectives across 8 components and 38 capabilities for developing a comprehensive data management strategy. It includes objectives related to defining a data management strategy and business case, establishing an organizational structure and funding model, developing data and technology architectures, ensuring data quality, implementing governance, establishing controls, and developing an analytics function. The objectives range from high-level goals to more detailed tasks and processes.
An industrial approach to risk and control self-assessmentsGrant Thornton LLP
Derive more value from your risk and control self-assessment process, and integrate your organization’s overall operational risk management process to comply with Dodd Frank and other legislation. We specialize in working with clients to help identify, remediate and resolve assessment gaps so they efficiently meet or exceed regulatory requirements.
Facilitated Risk Analysis Process - Tareq HanayshaHanaysha
One of the most popular methods to perform a risk analysis is called Facilitated Risk Analysis Process (FRAP),FRAP will allow any organization to implement risk management techniques in a highly cost-effective way,develop an efficient and disciplined process to ensure that information-related risks to business operations are considered and documented.
About Element22 - Unlocking The Power Of DataElement22
Element22 is a boutique data management advisory, design and technology solutions firm for the financial services industry. On a daily basis, we work with financial institutions to transfer them into data-driven organizations and meet regulatory requirements, such as BCBS 239.
ACO Webcast Is your Organization ReadyDrew Nietert
This document discusses considerations for healthcare organizations looking to participate in accountable care models. It outlines a multi-step process involving multiple disciplines to assess an organization's readiness for accountable care and develop an integrated strategy. Specific near-term actions are proposed for disciplines like business strategy, care delivery, operations, finance, technology, and legal/organization. The expected results of addressing each discipline are described as developing a strategic plan, reinventing the care delivery model, building operational capabilities, assessing financial requirements, evaluating technology needs, and establishing a compliant legal structure.
1. The document discusses six leading practices for effective policy management in financial services firms: establishing a policy office, defining clear roles and responsibilities; spending time on semantics and taxonomy; centralizing policy documentation; measuring the policy program; training employees on policies; and requiring employees to sign, attest, and acknowledge policies.
2. Key stakeholders in policy management include employees, executive management, boards, clients, auditors, and regulators. Effective policy management can improve risk mitigation while meeting these stakeholders' needs.
3. Regular review and updating of policies is important, especially for high-risk policies which should be reviewed at least annually. Metrics like percentage of out-of-date policies can help manage the quality and
Governance, Risk, and Compliance ServicesCapgemini
Capgemini’s integrated and centralized approach to Governance, Risk, and Compliance (GRC) breaks through traditional functional silos to deliver effective enterprise risk management and compliance as a continuous process. We help organizations manage a range of enterprise risks in the areas of IT, finance and accounting, operations, and regulatory compliance with flexible solutions comprised of a highly qualified CPA and CISA talent pool, innovative tools, and our unique collection of GPM best practice processes and controls.
About pellustro - The cloud-based platform for assessmentsElement22
Pellustro is an innovative platform that provides collective intelligence based on the opinions and expertise of relevant participants from within and beyond your organization.
* Tap the collective insights of staff, colleagues, peers, stakeholders and experts
* Simplifies panel-based evaluation and research
* Results in improved and objectivize business decision-making
Pellustro uniquely integrates the power of community evaluations, sentiments, and expert advice with flexible analytics to derive trend and benchmark based insights and helps organizations support mandatory self assessments, measure alignment of capabilities and perceptions and benchmark over time and against peers.
This document discusses third party risk management (TPRM) in the UK. It notes several data breaches involving third parties that exposed personal and payment card data. It advocates for establishing formal TPRM frameworks aligned with enterprise risk management. It promotes standardizing TPRM processes using tools from the Shared Assessments program to increase efficiency and allow assessments to be shared. It also notes increasing regulatory pressure around operational resilience and the need for senior management oversight of outsourced activities.
Looking at the Third Party Risk Assessment Lifecycle and where opportunities lay for improved efficiencies and scalability from the adoption of Managed Service offerings. What benefits can a Managed Service offering deliver to your Third Party risk Management program and process execution? Presented by Sean O'Brien, Director, DVV Solutions.
Data protection: Steps Organisations can take to ensure complianceEquiGov Institute
This presentation highlights the major principles and rights enshrined in the General Data Protection Regulations (GDPR) as well as 10 steps organisations (whether large or small) can take to ensure compliance.
The document discusses governance, risk, and compliance (GRC) and integrated GRC (iGRC). It defines GRC, risk management, and compliance. It outlines challenges with current GRC approaches like complexity, duplication, and silos. The goals of iGRC are outlined as awareness, alignment, responsiveness, agility, resilience, and learning. iGRC frameworks like OCEG are presented, as well as how technology can support iGRC. Universal outcomes of improved objectives, culture, confidence, adversity handling, and value optimization are reviewed.
This document discusses the need for organizations to invest in business continuity management (BCM). It notes that risks are increasingly complex as organizational models evolve. BCM helps protect against risks like supply chain disruptions, loss of market share, and regulatory non-compliance. The document outlines the business case for BCM, noting that companies with strong BCM recover faster and better protect stakeholder value. It also provides a high-level overview of how to approach a BCM project through steps like understanding the business, developing strategies and plans, embedding plans through training and exercises, and establishing proper governance.
Agiliance RiskVision is a risk management and compliance automation platform that streamlines IT risk management and reduces compliance costs. It provides visibility into risks across the enterprise and helps prioritize the most critical assets. The platform automates assessments, tracks remediation efforts, and delivers dynamic risk modeling to support business decisions. It also provides executives with accurate and up-to-date transparency into risk and compliance status.
Internal Audit’s Evolving Role in Corporate GRC StrategyDavid Fernandes
The document discusses the evolving role of internal audit in corporate governance, risk management, and compliance (GRC) strategies. It outlines how internal audit is expected to play a greater role in evaluating risks, fraud prevention, and providing assurance to audit committees and boards of directors. The presentation also examines how internal audit can help organizations implement more integrated and effective GRC programs that improve culture, oversight, and business processes.
Embedding RCSA into Strategic Planning and Business StrategyAndrew Smart
Embedding RCSA into Strategic Planning and Business Strategy
This presentation was prepared for the New Generation Operational Risk: Risk Culture and Business Conduct Behaviour conference in Helsinki, Finland.
In this presentation, Ascendore CEO, Andrew Smart outlines how to integrate Risk & Control Self Assessment into the Strategic Planning and Business Strategy.
Based on the Risk-Based Performance Management approach, during this presentation an integrated approach to strategy and risk management is outlined, with risk appetite playing a central role.
Embedding RCSA into Strategic Planning and Business StrategyAscendore Limited
Embedding RCSA into Strategic Planning and Business Strategy
This presentation was prepared for the New Generation Operational Risk: Risk Culture and Business Conduct Behaviour conference in Helsinki, Finland.
In this presentation, Ascendore CEO, Andrew Smart outlines how to integrate Risk & Control Self Assessment into the Strategic Planning and Business Strategy.
Based on the Risk-Based Performance Management approach, during this presentation an integrated approach to strategy and risk management is outlined, with risk appetite playing a central role.
Governance, risk, and compliance (GRC) is an organizational strategy that involves managing governance, risk, and regulatory compliance through integrated practices, processes, and software tools. GRC helps companies effectively manage risks, reduce costs, and meet compliance requirements through an integrated view of how well a company manages its risks. Key aspects of GRC include governance, risk management, and compliance. GRC tools and frameworks can help organizations establish policies and practices to improve efficiencies, reduce risks, and increase performance and return on investment.
Module 3 business continuity student slides ver 1.0Aladdin Dandis
The document outlines the key components of a business continuity management system, including developing a BCM policy, performing a business impact analysis and risk assessment, determining continuity strategies, and implementing incident response plans, testing procedures, and ongoing maintenance and review processes. It provides details on each stage of developing and embedding a BCM program within an organization.
A Guide to Realizing the Value of Big DataLance Berger
This document discusses how organizations can use big data to enhance compensation programs. It defines big compensation data as integrating data from different disciplines using analytical tools to address human resources issues. It identifies five elements of big data: foundational knowledge, levels of big data implementation, competencies for big data practitioners, value-creating outcomes, and a big data blueprint. The document explains how descriptive, analytical, predictive, and prescriptive big data can help align compensation with business strategy, culture, and talent management goals.
Understand the nuances of data risk Management and their alignment with Data Management and Governance. Which organisation model will be a best fit to implement Data Risk Management in Governance.
KRI Consulting Solutions LLC provides vendor and contract management services to help organizations minimize unidentified risk exposure from third party vendors. Their services include vendor selection and evaluation, contract negotiation, post-award administration, and risk analysis of existing contracts. KRI partners with clients to understand the scope of vendor services and ascertain the level of risk associated with each vendor. They then implement an oversight plan involving risk assessments and controls to provide risk awareness and reduce operational expenses for clients.
The document outlines objectives across 8 components and 38 capabilities for developing a comprehensive data management strategy. It includes objectives related to defining a data management strategy and business case, establishing an organizational structure and funding model, developing data and technology architectures, ensuring data quality, implementing governance, establishing controls, and developing an analytics function. The objectives range from high-level goals to more detailed tasks and processes.
An industrial approach to risk and control self-assessmentsGrant Thornton LLP
Derive more value from your risk and control self-assessment process, and integrate your organization’s overall operational risk management process to comply with Dodd Frank and other legislation. We specialize in working with clients to help identify, remediate and resolve assessment gaps so they efficiently meet or exceed regulatory requirements.
Facilitated Risk Analysis Process - Tareq HanayshaHanaysha
One of the most popular methods to perform a risk analysis is called Facilitated Risk Analysis Process (FRAP),FRAP will allow any organization to implement risk management techniques in a highly cost-effective way,develop an efficient and disciplined process to ensure that information-related risks to business operations are considered and documented.
About Element22 - Unlocking The Power Of DataElement22
Element22 is a boutique data management advisory, design and technology solutions firm for the financial services industry. On a daily basis, we work with financial institutions to transfer them into data-driven organizations and meet regulatory requirements, such as BCBS 239.
ACO Webcast Is your Organization ReadyDrew Nietert
This document discusses considerations for healthcare organizations looking to participate in accountable care models. It outlines a multi-step process involving multiple disciplines to assess an organization's readiness for accountable care and develop an integrated strategy. Specific near-term actions are proposed for disciplines like business strategy, care delivery, operations, finance, technology, and legal/organization. The expected results of addressing each discipline are described as developing a strategic plan, reinventing the care delivery model, building operational capabilities, assessing financial requirements, evaluating technology needs, and establishing a compliant legal structure.
1. The document discusses six leading practices for effective policy management in financial services firms: establishing a policy office, defining clear roles and responsibilities; spending time on semantics and taxonomy; centralizing policy documentation; measuring the policy program; training employees on policies; and requiring employees to sign, attest, and acknowledge policies.
2. Key stakeholders in policy management include employees, executive management, boards, clients, auditors, and regulators. Effective policy management can improve risk mitigation while meeting these stakeholders' needs.
3. Regular review and updating of policies is important, especially for high-risk policies which should be reviewed at least annually. Metrics like percentage of out-of-date policies can help manage the quality and
Governance, Risk, and Compliance ServicesCapgemini
Capgemini’s integrated and centralized approach to Governance, Risk, and Compliance (GRC) breaks through traditional functional silos to deliver effective enterprise risk management and compliance as a continuous process. We help organizations manage a range of enterprise risks in the areas of IT, finance and accounting, operations, and regulatory compliance with flexible solutions comprised of a highly qualified CPA and CISA talent pool, innovative tools, and our unique collection of GPM best practice processes and controls.
About pellustro - The cloud-based platform for assessmentsElement22
Pellustro is an innovative platform that provides collective intelligence based on the opinions and expertise of relevant participants from within and beyond your organization.
* Tap the collective insights of staff, colleagues, peers, stakeholders and experts
* Simplifies panel-based evaluation and research
* Results in improved and objectivize business decision-making
Pellustro uniquely integrates the power of community evaluations, sentiments, and expert advice with flexible analytics to derive trend and benchmark based insights and helps organizations support mandatory self assessments, measure alignment of capabilities and perceptions and benchmark over time and against peers.
This document discusses third party risk management (TPRM) in the UK. It notes several data breaches involving third parties that exposed personal and payment card data. It advocates for establishing formal TPRM frameworks aligned with enterprise risk management. It promotes standardizing TPRM processes using tools from the Shared Assessments program to increase efficiency and allow assessments to be shared. It also notes increasing regulatory pressure around operational resilience and the need for senior management oversight of outsourced activities.
Looking at the Third Party Risk Assessment Lifecycle and where opportunities lay for improved efficiencies and scalability from the adoption of Managed Service offerings. What benefits can a Managed Service offering deliver to your Third Party risk Management program and process execution? Presented by Sean O'Brien, Director, DVV Solutions.
Data protection: Steps Organisations can take to ensure complianceEquiGov Institute
This presentation highlights the major principles and rights enshrined in the General Data Protection Regulations (GDPR) as well as 10 steps organisations (whether large or small) can take to ensure compliance.
The document discusses governance, risk, and compliance (GRC) and integrated GRC (iGRC). It defines GRC, risk management, and compliance. It outlines challenges with current GRC approaches like complexity, duplication, and silos. The goals of iGRC are outlined as awareness, alignment, responsiveness, agility, resilience, and learning. iGRC frameworks like OCEG are presented, as well as how technology can support iGRC. Universal outcomes of improved objectives, culture, confidence, adversity handling, and value optimization are reviewed.
This document discusses the need for organizations to invest in business continuity management (BCM). It notes that risks are increasingly complex as organizational models evolve. BCM helps protect against risks like supply chain disruptions, loss of market share, and regulatory non-compliance. The document outlines the business case for BCM, noting that companies with strong BCM recover faster and better protect stakeholder value. It also provides a high-level overview of how to approach a BCM project through steps like understanding the business, developing strategies and plans, embedding plans through training and exercises, and establishing proper governance.
Agiliance RiskVision is a risk management and compliance automation platform that streamlines IT risk management and reduces compliance costs. It provides visibility into risks across the enterprise and helps prioritize the most critical assets. The platform automates assessments, tracks remediation efforts, and delivers dynamic risk modeling to support business decisions. It also provides executives with accurate and up-to-date transparency into risk and compliance status.
Internal Audit’s Evolving Role in Corporate GRC StrategyDavid Fernandes
The document discusses the evolving role of internal audit in corporate governance, risk management, and compliance (GRC) strategies. It outlines how internal audit is expected to play a greater role in evaluating risks, fraud prevention, and providing assurance to audit committees and boards of directors. The presentation also examines how internal audit can help organizations implement more integrated and effective GRC programs that improve culture, oversight, and business processes.
Embedding RCSA into Strategic Planning and Business StrategyAndrew Smart
Embedding RCSA into Strategic Planning and Business Strategy
This presentation was prepared for the New Generation Operational Risk: Risk Culture and Business Conduct Behaviour conference in Helsinki, Finland.
In this presentation, Ascendore CEO, Andrew Smart outlines how to integrate Risk & Control Self Assessment into the Strategic Planning and Business Strategy.
Based on the Risk-Based Performance Management approach, during this presentation an integrated approach to strategy and risk management is outlined, with risk appetite playing a central role.
Embedding RCSA into Strategic Planning and Business StrategyAscendore Limited
Embedding RCSA into Strategic Planning and Business Strategy
This presentation was prepared for the New Generation Operational Risk: Risk Culture and Business Conduct Behaviour conference in Helsinki, Finland.
In this presentation, Ascendore CEO, Andrew Smart outlines how to integrate Risk & Control Self Assessment into the Strategic Planning and Business Strategy.
Based on the Risk-Based Performance Management approach, during this presentation an integrated approach to strategy and risk management is outlined, with risk appetite playing a central role.
Governance, risk, and compliance (GRC) is an organizational strategy that involves managing governance, risk, and regulatory compliance through integrated practices, processes, and software tools. GRC helps companies effectively manage risks, reduce costs, and meet compliance requirements through an integrated view of how well a company manages its risks. Key aspects of GRC include governance, risk management, and compliance. GRC tools and frameworks can help organizations establish policies and practices to improve efficiencies, reduce risks, and increase performance and return on investment.
Best-in-Class organizations in strategic sourcing source 76% of their total spending through formal processes, 32% based on sustainable approaches, and identify 16% in average yearly savings. They are twice as likely to use scenario optimization and have commodity councils engaged in sourcing. To achieve Best-in-Class performance, companies must establish formal strategic sourcing with standardized processes, leverage e-sourcing to drive higher savings and automate processes, and invest in sustainability initiatives for long-term impacts on savings.
This paper is a primer on the RSA GRC Reference Architecture, a visual representation of the GRC framework needed within an organization to meet today's governance, risk, and compliance needs. The architecture provides a starting vision of how an organization should view GRC, its guiding principles, and its final objectives.
This document provides information about a 5-day training program on Governance, Risk, and Compliance Management (GRCM) offered by the International Academy of Business and Financial Management (IABFM). The training will help participants develop processes to identify, measure, monitor, control, and mitigate risks across their organizations. It will also cover setting up a GRC framework to effectively manage risks and align GRC with corporate strategy. The document outlines the course objectives, topics, instructor's background, and registration details.
GRCM Is a practical experience on risk management or financial control and managerial experiences pre-requisite knowledge in accounting ,auditing ,finance and risk based
The document discusses challenges that many firms face with their operational risk management tools and frameworks. It outlines 4 main challenges: 1) tools designed for risk teams, not businesses 2) difficulties changing systems as business environments change 3) focus on data capture over analysis 4) tools not supporting a risk-aware culture. The CEO discusses how their company's tool, StratexPoint, aims to embed risk management into business strategy and decision-making to better support business objectives and a risk-aware culture.
A New Era of Compliance: Innovations in ServiceNow GRC Aelum Consulting
ServiceNow GRC automates various GRC processes, reducing the manual effort and time required for tasks such as risk assessment, audit management, and compliance reporting. This automation not only saves resources but also enhances the speed and accuracy of GRC activities.
=>Concept of Governance
=>Risk and Control (GRC) as applicable to IT operational risk
=>Importance of documentation
=>DATA FLOW DIAGRAM for every application
=>Review of changes in the Data flow, reporting, etc.
=>Parameters for review
=>Importance of review on SLA compliance
=>Reporting to IT Strategy committee, Board etc.
What is GRC – Governance, Risk and Compliance BOC Group
A simple guide to learn what Governance, Risk and Compliance (GRC) is all about, why it’s important and how you can use it to help drive enterprise objectives.
For more information visit: https://www.boc-group.com/governance-risk-and-compliance/
Developing End State Vision
Advice and Planning Strategy
Driving a Business Architecture
Provisioning a Portfolio of Projects
eGRC Operation Control
Minimizing Financial Risk
Aggregating Financial Risk
Managing Mainframe Entitlements
Implementing Data Governance
Understanding Data Lineage
Defining Global Customer Strategy
Governance risk compliance framework by Isorobot,
GRC Framework presentation.
Ensure Reduced Risk and Excellent Compliance with Better Governance
what is GRC?
This document examines how big data will influence the insurance industry. It suggests implementing a four-part strategy: 1) leadership commitment, 2) assembling and integrating data, 3) developing advanced analytic models, and 4) creating intuitive tools. Tactical steps are outlined to accelerate progress, and benefits, risks, and challenges of the recommendations are discussed. Implementing this strategy is expected to speed success by covering all critical elements and bringing results through a proven approach. However, risks include high costs of failure and not fully incorporating big data into operations.
GRC Strategies in a Business_ Trends and Challenges.pdfbasilmph
GRC services are primarily about governance, risk, and compliance. However, GRC strategies go beyond that. GRC revolves around every capability required to
support principled performance at different levels of an organization.
An Intelligence Driven GRC model provides organizations with comprehensive visibility and context across their digital assets, processes, and relationships. It enables prioritization of risks based on their potential business impact and streamlines remediation. By collecting and analyzing data in real time, an Intelligence Driven GRC strategy reveals insights into critical risks and compliance issues and facilitates coordinated responses across security, risk management, and compliance functions.
This document discusses how a leading global payment company automated its internal audit management process using MetricStream's solution. The company was facing challenges with a manual, inefficient audit process and lack of integrated risk management. MetricStream provided its Internal Audit Management solution integrated on its GRC platform, allowing centralized, risk-based auditing across the company's global operations. The solution consolidated the audit process, from risk assessment to reporting, and provides role-based access, improved visibility, and more efficient resource management for audits.
Governance, risk, and compliance (GRC) is an integrated strategy that empowers organizations to effectively manage organizational governance, risk, and compliance through a unified framework. A GRC program includes both a strategy to manage these areas according to industry standards, as well as tools and processes to implement and monitor the program across an organization. GRC can benefit organizations by reducing data silos, leading to more effective risk mitigation and cost savings, as well as improved operational efficiencies and business processes. At an organizational level, GRC advantages include enabling the reallocation of resources to strategic priorities, streamlining revenue and expenditure management, boosting innovation capabilities, and augmenting brand value. An agile and integrated GRC framework
Similar to GRC_Strategic_Agenda__The_Value_Proposition_of_Goverance,_Risk,_and_Compliance__ (20)
Report sending mails to dealers for Accepted andsusanta subudhi
This document is a status report from Bajaj Auto Ltd regarding warranty claims settled and rejected between unspecified dates. It includes details of 8 accepted claims totaling 182 parts and resulting in a total value of 14,248.65. It also lists 2 rejected claims totaling 12 parts, providing reasons for rejection. Bajaj will issue a credit note to Manan Autolink Pvt Ltd for the total accepted claim amount.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
Band Range Benefit
The Birla Sun Life Insurance Guaranteed Bachat Plan encourages regular saving with guarantees and opportunities to earn more. It offers guaranteed returns at maturity plus survival benefits each year. The plan provides increasing life cover with each premium payment and an early exit option with reduced benefits. The plan is suitable for those aged 60 or younger looking to invest at least Rs. 3,600 annually for over 10 years.
This document summarizes a traditional non-participating endowment plan called the Birla Sun Life Insurance Bachat (Endowment) Plan. The key highlights are:
- It allows customers to save regularly from as little as Rs. 400 per month for 20 years.
- Customers receive their monthly premiums back after 20 years plus annual additions to their savings.
- In case of death, nominees receive the sum assured (up to 180 times the monthly premium) plus additions earned.
- Customers can double the sum assured in case of accidental death by paying an additional 1.2% of the monthly premium.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility through various funds. Investment risk lies with the policyholder.
- The document introduces the Birla Sun Life Insurance Foresight Plan, which allows policyholders to choose between a self-managed investment option or a guaranteed investment option.
- Under the self-managed option, policyholders can allocate their premiums across 10 investment funds ranging from debt to equity based on their risk appetite. Under the guaranteed option, premiums are invested in the Foresight fund and are guaranteed a minimum maturity benefit.
- The plan provides life insurance coverage as well as investment growth potential. At maturity, policyholders receive the fund value under the self-managed option or the higher of fund value or guaranteed minimum under the guaranteed option.
This document summarizes the key details of the Birla Sun Life Insurance Rainbow plan, a single premium life insurance savings plan. It offers guaranteed returns through regular monthly additions over a 5 or 10 year term. Policyholders also receive a loyalty benefit at maturity in addition to accrued savings. The plan provides assured returns, life cover, and tax benefits while ensuring peace of mind for policyholders.
This document provides details about Susanta Sundar Subudhi, including his professional experience and qualifications. Some key points:
- Susanta has over 8 years of experience in roles such as Team Leader, CEO, Sales Manager in various companies in the automotive and home appliances industries.
- He has expertise in transportation management software and leading sales teams to improve performance.
- Susanta's education includes a BTech degree and SAP certification. He is proficient in SAP SD modules and ERP systems.
- His technical skills include ERP packages, operating systems, and tools like MS Office and he has experience implementing SAP R3 projects.
- The document introduces the Birla Sun Life Insurance Foresight Plan, which allows policyholders to choose between a self-managed investment option or a guaranteed investment option.
- Under the self-managed option, policyholders can allocate their premiums across 10 investment funds ranging from debt to equity based on their risk appetite. Under the guaranteed option, premiums are invested in the Foresight fund and guaranteed a minimum maturity benefit.
- The plan provides life insurance coverage as well as investment growth potential. At maturity, policyholders receive the fund value under self-managed investments or the higher of fund value or guaranteed minimum under the guaranteed option.
This document summarizes the key features of the Birla Sun Life Insurance Rainbow plan, a single premium life insurance savings plan. It offers guaranteed returns through regular monthly additions over a 5 or 10 year term. Policyholders receive the maturity sum assured which includes all guaranteed monthly additions and a loyalty benefit at the end of the term. The plan provides life cover of 5 times the single premium as well as tax benefits.
Presentation1 of customer meet programe rectifysusanta subudhi
The document summarizes a customer meet program held by Manan Auto Link and Bajaj Auto Ltd on July 18, 2010 at the Vatva workshop branch in Ahmedabad, India. The event was sponsored by Bajaj Auto Ltd and Manan Autolink Pvt Ltd and included speeches from managers of both companies. Prizes were awarded to the first, second, third and fourth prize winners. Lunch was provided and sales promotions, such as reference check books, were discussed. The target of inviting 50 customers and distributing 50 check books was achieved, and 3 bookings were received for a new CNG vehicle. The event successfully created strong customer relationships and demonstrated the companies' commitment to customer care.
The document introduces the Birla Sun Life Insurance Protector Plan, a life insurance plan that allows the sum assured to keep pace with growing responsibilities. It offers the option to choose a level sum assured or an increasing sum assured of 5% or 10% annually without increased premiums. The plan provides complete financial protection for loved ones in case of death.
The document describes the Birla Sun Life Insurance Money Back Plus plan which offers guaranteed maturity benefits, liquidity through annual survival benefits, and increasing safety through annual increases in insurance coverage amount. The plan allows policyholders to withdraw survival benefits as cash or use them to pay premiums. At maturity, the policyholder receives the guaranteed maturity benefit plus any accumulated survival benefits. The plan is suitable for individuals aged 30-60 looking for a long-term savings product with guarantees.
Report sending mails to dealers for Accepted andsusanta subudhi
This document is a status report from Bajaj Auto Ltd regarding warranty claims settled and rejected between unspecified dates. It includes details of 8 accepted claims totaling 182 parts and resulting in a total value of 14,248.65. It also lists 2 rejected claims totaling 12 parts, providing reasons for rejection. Bajaj will issue a credit note to Manan Autolink Pvt Ltd for the total accepted claim amount. Manan is requested to take corrective actions to minimize future claim rejections.
The document summarizes the Birla Sun Life Insurance Money Back Plus plan which offers guaranteed returns, liquidity, and an option to earn more. Specifically, it offers:
1) Growth and liquidity through survival benefits paid out annually from the 3rd year that can be withdrawn or used to pay premiums.
2) Assurance of receiving at minimum the guaranteed maturity benefit plus any survival benefits at maturity, where the guarantee is based on age and term.
3) Increasing safety through automatic increases in coverage by the annual premium amount each year.
The document discusses the Birla Sun Life Insurance Guaranteed Bachat Plan, which encourages regular saving with guaranteed returns and opportunities to earn more. Key features include:
- Guaranteed maturity benefit that is higher for younger ages and longer terms. At maturity, you receive this guaranteed amount plus any accumulated survival benefits.
- Survival benefits earned annually from year 3 onward that can be withdrawn or used to offset premiums. The rate is linked to G-Sec rates with partial protection on downside.
- Increasing life cover where the amount increases each year by the annual premium, providing greater protection over time.
- Options for early exit or preponing maturity with adjustments made to guaranteed
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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Discover innovative uses of Revit in urban planning and design, enhancing city landscapes with advanced architectural solutions. Understand how architectural firms are using Revit to transform how processes and outcomes within urban planning and design fields look. They are supplementing work and putting in value through speed and imagination that the architects and planners are placing into composing progressive urban areas that are not only colorful but also pragmatic.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map