RiskBusiness RiskIntelliSet:  Enabling GRC Management in Financial Services 

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RiskBusiness RiskIntelliSet

Enabling GRC Management in Financial Services

Executive Summary

The overall GRC management process is about the interactions and relationships of cause and effect across various transactions and information across the financial services organization. As a result, this fails when risk and compliance are addressed as a system of parts, rather than a collective whole. A complete situational and holistic awareness of GRC and its components of governance, risk management, and compliance is required across all operations, processes, relationships, systems, transactions, and data in order to see the bigger picture of risk and its cascading impact on the financial services organization’s performance and strategy.

RiskBusiness, with their RiskIntelliSet suite, is a GRC solution provider that GRC 20/20 has researched, evaluated, and reviewed with financial services organizations that are using it in complex, distributed, and dynamic business environments. The RiskIntelliSet suite delivers a solution that brings together risk information, content, technology, and services to provide a highly adaptable and configurable GRC system that addresses the range of risk and compliance management challenges in financial services firms. Their primary focus is with financial services, asset management and insurance companies, but they also have worked with clients in other industries, such as healthcare, travel/tourism, and natural resources.

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Description

RiskBusiness RiskIntelliSet

Enabling GRC Management in Financial Services

Executive Summary

The overall GRC management process is about the interactions and relationships of cause and effect across various transactions and information across the financial services organization. As a result, this fails when risk and compliance are addressed as a system of parts, rather than a collective whole. A complete situational and holistic awareness of GRC and its components of governance, risk management, and compliance is required across all operations, processes, relationships, systems, transactions, and data in order to see the bigger picture of risk and its cascading impact on the financial services organization’s performance and strategy. 

RiskBusiness, with their RiskIntelliSet suite, is a GRC solution provider that GRC 20/20 has researched, evaluated, and reviewed with financial services organizations that are using it in complex, distributed, and dynamic business environments. The RiskIntelliSet suite delivers a solution that brings together risk information, content, technology, and services to provide a highly adaptable and configurable GRC system that addresses the range of risk and compliance management challenges in financial services firms. Their primary focus is with financial services, asset management and insurance companies, but they also have worked with clients in other industries, such as healthcare, travel/tourism, and natural resources. 

Table of Contents

  • Risk Management Challenges
    • Inevitable Failure: Misunderstanding the Scope of GRC Management
  • RiskBusiness RiskIntelliSet
    • Enabling GRC Management in Financial Services
    • What RiskIntelliSet Does
    • Foundational Capabilities Delivered in RiskIntelliSet
    • Benefits Organizations Have Received with RiskIntelliSet
    • Considerations in Context of RiskBusiness and RiskIntelliSet
  • About GRC 20/20 Research, LLC
  • Research Methodology

Author


Michael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 26+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.


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