Treasury Consulting - Governance Risk & Compliance (GRC) Legal Regulatory Forum

Governance Risk Management and Compliance or GRC is the umbrella term covering an organization's approach across these three areas: Governance Risk Management and Compliance

Governance Risk and Compliance ( GRC ) is more than a software solution it is a strategic discipline GRC is a continuous process that is embedded into the culture of an organization and governs how management identifies and protects against relevant risks monitors and evaluates the effectiveness of internal controls and responds to and improves operations based on learned insights GRC is the integration of all Governance Risk Assessment and Mitigation and Compliance and Control activities to operate in synergy and balance A GRC strategy can help create business value by reducing costs identifying operational inefficiencies rationalizing controls and enabling identification and management of risks GRC works best when multiple roles (eg corporate secretary corporate compliance enterprise risk internal audit IT line of business investigations legal) collaborate within a common framework and architecture to bring an enterprise view across Governance Risk and Compliance activities throughout the organization A GRC strategy can help an organization prevent “surprises” while preserving shareholder value

Implementing a comprehensive and innovative Governance Risk and Compliance ( GRC ) program enables organizations to address the multiple factors that are essential in managing and controlling enterprise risk This includes factors such as:

  • Regulatory changes
  • Decentralized operating model
  • High number of control failures
  • Talent management changes by adopting an effective GRC strategy executives and risk leaders are able to challenge the way they think about respond to and manage risk Treasury Consulting help you understand the risks related to your business strategy and how to best respond to those risks Our tailored approach to GRC integrates risk and performance management in order to create a competitive advantage in terms of risk insight and performance improvement

Treasury Consulting GRC Framework : Treasury Consulting GRC framework takes into account our clients risk strategy based on business objectives, risk tolerance and treatment, investments and operating model to determine the overarching risk landscape and strategic enablers (i.e., people process, and technology). This holistic approach creates a structure to readily respond to new risk, compliance, and regulatory needs.

Defining GRC Strategy Services — Implementing a GRC program

Treasury Consulting - Governance Risk & Compliance (GRC), Legal, Regulatory Forum