Governance, Risk Management & Compliance (GRC)

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Governance, Risk Management and Compliance (GRC) is comprised of experts from diverse professional backgrounds who combine the latest methodologies and approaches with their own wealth of practical skills and experience to provide bespoke advisory services, tailored towards client strategies. GRC is aligned and integrated within the PwC global network to offer a range of services including business continuity and crisis management, fraud/scandal response, data assurance/analytics, in addition to services addressing current industry issues, with a focus on Financial Institutions, Corporate Real Estate, Smart Homes and Communities and Food Safety.   

Key Service Areas

Governance, Risk Management & Compliance for Financial Services (FS-GRC)

Governance, Risk Management and Compliance for Financial Services (FS-GRC) is comprised of experts from diverse professional backgrounds, who combine the latest methodologies and approaches with their own wealth of practical skills and experience to provide bespoke advisory services, tailored towards client strategies. FS-GRC is aligned and integrated within the PwC global network to offer a range of services to Financial Services, including regulatory support, governance, risk and capital management, compliance, fraud/scandal response, and data analytics.

Governance Advisory Services

  • Develop and strengthen global governance.
  • Establish regional headquarters, and implement governance structure.
  • Develop and strengthen global management monitoring system and protocols.
  • Alignment of governance, consistent across all Lines of Defence
  • Harmonisation of governance structure following M&A activity, business integration and abolition, and organisational restructuring.
  • Design and facilitate Board Meetings, Management Committees, and support in evaluating the efficiency and effectiveness of these in accordance with the Corporate Governance Code.
  • Support the Audit Supervisory Board/Audit Committee, through seconding our specialists in client teams.
  • Improve visibility and effectiveness of segregation of duties, in addition to the appropriateness of roles and responsibilities, regarding significant management decisions.
  • Establish risk governance and assess risk culture and appetite across the business.

Business Continuity & Crises Management Advisory Services

  • Design and strengthen Disaster Recovery Plans (DRP)
  • Design and strengthen Business Continuity Plans/Business Continuity Management (BCP/BCM)
  • Implement Business Continuity Plans (BCP), and enhance Community Continuity Plans (CCP)

Fraud/Scandal Response Advisory Services

  • Advice and support in the investigation and analysis of accounting fraud, misconduct and legal disputes (e.g. internal investigation committees on litigation and individual misconduct incidents).
  • Support in crisis management and stakeholder communication in the event of accounting fraud and misconduct. Including;
    • Correction of previous financial statements.
    • Implementing measures to prevent reoccurrence
    • Implementing processes and controls to ensure “lessons learned” from previous incidents are enacted and adhered to.
  • Strengthen the monitoring arrangements for fraud risk

Data Assurance/Analytics Advisory Services

  • Help our clients enhance Governance and Risk management through the use of Data Analysis and Analytics. Including;
    • Continuous audit/monitoring through data analytics within internal audit.
    • Implementation of solutions for the remote monitoring of overseas subsidiaries.
    • Implement data analytics in risk management.
    • Design technical infrastructure and implement enterprise-wide data governance.
    • Strengthen centralised management information for disclosure regarding legal requirements and self-regulation (e.g. strengthening the transparency disclosure requirements within the pharmaceutical industry)
    • Evaluate and verify role settings within core ERPs.
    • Strengthen risk management using GRC application tools.
    • Research the quality and requirements of electronic disclosure documentation.

Real Estate Risk Management Advisory Services

  • Real estate risk management
  • Smart Homes and Communities Service
  • Implement risk management for Corporate Real Estate (CRE) companies and Enterprise Risk Management: (CRE-ERM).

Food Safety Advisory Services

  • Develop risk management.
  • Improve food contamination prevention measures.
  • Review and evaluate supply chain traceability.
  • Assess adherence to overseas food regulations.
  • Support in crisis management and review of BCP, in response to incidents such as food contamination.
  • Support in on-site supply chain inspections and evaluate the impact of changes in the food supply chain.
  • Develop and promote a consistent and comprehensive risk culture.
  • Support in risk assessment of food providence.
  • Advise, evaluate and provide assurance regarding food information disclosure, such as food origin, nutritional values and composition.