Integrated Digital Governance, Risk and Compliance (GRC)

Transition your risk management programs from reactive and tactical to proactive and strategic

Risk and Compliance programs are perceived as time consuming, manually intensive, check-the-box exercises with limited business value. Duplicative programs create risk management fatigue that prevents strong risk cultures from taking root and impedes risk identification from adapting with the rapidly changing risk landscape.

With risk management and compliance data and processes scattered across multiple systems in unstructured formats, risk managers struggle to put the necessary pieces together to make risk-informed business decisions aligned with strategy and linked to performance.

From strategy through execution, the goal of Integrated Digital GRC is to help our clients envision, design, launch and manage enterprise GRC and digital integrated Risk Management/compliance reporting and monitoring solutions.

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Successful GRC programs

The success of a company’s GRC program requires proper deployment by:

  • Developing a strategy, program governance, aligned taxonomy and program vision around enabling and integrating a GRC ecosystem
  • Selecting and defining an approach to automate various risk and compliance programs
  • Implementing a defined technology strategy which could include implementing GRC technology or implementing an ecosystem enabled by various risk and compliance technologies through an interconnected service hub model

From a Siloed Approach to Integrated Risk Management: A consistent framework that aligns risk & control functions around a common operating model & standards

From Fragmented Data & Technology to Enterprise Technology & Analytics: Workflow-enabled risk management with built-in integration points, shared outputs & centralized risk data stores

From Onerous & Administrative to Optimized & Value-add: Harmonized data model that provides the right information to the right stakeholders at the right time to inform business decision-making & eliminate redundancy

From Reactive & Tactical to Proactive and Strategic: A shared transformation vision that imagines the digital future of work and drives a structured, long-term innovation strategy

Key components of an effective technology enabled GRC program

Strategic vision and design

Establish a clear vision and objectives for the program keeping the end in mind. Establish effective guiding principles, tone at the top to develop a strategic roadmap for implementing people, process and technology in the form of a holistic program.

Process optimization and foundational elements

Establish a clear vision and objectives for the program keeping the end in mind. Establish effective guiding principles, tone at the top to develop a strategic roadmap for implementing people, process and technology in the form of a holistic program.

Program management

Establish a dedicated program management office that is accountable and responsible for people, process and technological implementation of the GRC program.

Organizational change management

Establish a governance model, including stakeholder management, decision-making processes and change management; as well as defining a service management framework for sustainability.

Technology selection

Establish clear business requirements and evaluation criteria to identify and select the most effective technology to enable the GRC program. Choose a technology or a set of technologies that are interconnected technically as well as via an establish GRC program. Consider abstraction, visualization and reporting tools to connect with the GRC platform for reporting and monitoring.

GRC system development life cycle

Have a clear plan to design, build, test and deploy technology including business requirements, configuration expertise, testing strategy and deployment methodologies.

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Seth Rosensweig

Integrated Digital GRC Leader, PwC US

Salman Ali

Integrated Digital GRC Co-Leader, PwC US

Lillian Borsa

Principal, Integrated Digital GRC Solutions, PwC US

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