I have a list of GRC solutions, and I was hoping you could let me know which ones your team offers.
CORE GRC
Governance
- Policy Management: Developing, managing, and communicating internal policies across the organization.
- Strategy Alignment: Ensuring business strategies, policies, and leadership structures align with corporate goals.
- Reporting: Providing tools for performance and risk reporting, such as scorecards and dashboards.
Risk Management
- Risk Assessment: Identifying, assessing, and prioritizing operational and strategic risks.
- Incident Management: Tracking and managing incidents and their remediation.
- Third-Party Risk Management (TPRM) / Vendor Risk: Managing risks associated with vendors, suppliers, and other external partners.
- Operational Risk: Strengthening the organization’s ability to prevent, respond to, and recover from disruptions.
- Risk Reporting: Consolidating and communicating risk-related insights across the organization.
Compliance
- Audit Management: Streamlining internal and external audit processes, including assessments and control testing.
- Internal Controls: Defining and monitoring controls to ensure compliance with regulatory requirements, industry standards, and internal procedures.
- Issue Tracking: Monitoring and verifying the remediation of compliance issues.
- Regulatory Compliance: Managing adherence to laws, regulations, and standards (for example, GDPR, HIPAA).
- Regulatory Change Management: Implementing updated policies, standards, and controls to align with new regulatory requirements.
SPECIALIZED GRC
IT and Security Risk Management
Focuses on IT-specific risks and compliance, including vulnerability management, access risk analysis, and cybersecurity controls.
Financial Risk
- Energy Trading Risk Management (ETRM) / Commodity Trading (CTRM)
- Fraud Detection: Covers payment and procurement integrity.
- Treasury Risk Management
- SOX Compliance and Controls
ESG / Sustainability (EH&S)
Supports Environmental, Social, and Governance (ESG) reporting and compliance initiatives.
