559 words, 2.1 minutes read. By Gerard Blokdyk
Governance, Risk and Compliance 1 big thing: Warrant that your workforce is responsible for conducting Operational Risk Assessments and Compliance Reviews.
The big picture: Maintain a cross functional approach to compliance and ethics functions by coordinating efforts throughout your organization and leveraging Embedded Compliance staff expertise and involvement.
Why it matters: Establish and refine guiding principles for maintaining foundational data model and the approach Risk and Compliance programs use to connect to the model.
What they’re saying: “Liaison so that your design develops and delivers training workshops, sessions, materials, and presentations to lead process owners, employees, and management with IT SOX processes and controls.“, Jessica F. – Director, Investment Products Risk Management and Governance Oversight
What to watch: Make sure your organization reviews policies and procedures, internal controls, and processes to identify gaps and opportunities for improved performance and for the reporting of related analytics.
What we’re hearing: “Make sure the cloud security engineer is responsible for the design, development of innovative security architectures for protecting systems and data deployed into different types of cloud and cloud/hybrid systems.“, Nicholas F. – Partner Operations Manager, Google Cloud
Yes, but: Warrant that your team is responsible for coordinating program communications, including compiling project information for reviews and promoting Governance compliance with the project management team.
Between the lines: Warrant that your company coordinates tracking of all relevant information on drivers, as license status, traffic tickets, accidents and other risk and safety related data.
The backdrop: Organize and deliver customer education sessions at all levels on the capabilities of the O365 service specifically how you deliver to meet Governance, Risk and Compliance requirements.
Be smart: Manage risk: aid the definition of data classifications and data zoning to allow information assets to be immediately identified and proactively managed as more information becomes federated in a digital economy.
Go deeper: Be sure your operation is acting as a champion for compliance and risk controls with the rest of the team, encouraging risks to be called out and mitigated at every stage in the architecture and engineering process.
State of play: Secure that your workforce is advising (internal) clients on aligning risk and business objectives, improving coordination and alignment of risk activities across the organization, and effectively leveraging GRC technology to respond to different risk scenarios.
How it works: Oversee that your personnel has involvement developing and implementing Business Continuity programs and/or Disaster Recovery programs, implementing policy and/or governance programs.
The bottom line: Develop and continually improve the cybersecurity risk management program, in alignment with Enterprise Risk Management, conduct periodic information security risk assessments and facilitate mitigation practices.
What’s next: Ensure your staff is skilled in creating technology standards and involvement with presenting security requirements and necessary security services to the security and/or enterprise governance boards for acceptance and approval.
ICYMI: Secure that your company is involved in an environment that adheres firmly to compliance frameworks as PCI DSS, ISO 27001, and/or SOC.
A MESSAGE FROM THE ART OF SERVICE
Get started: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/
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