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

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608 words, 2.3 minutes read. By Gerard Blokdyk

Governance, Risk and Compliance 1 big thing: Liaison so that your organization configures highly complex components based on functional requirements.

The big picture: Oversee that your strategy ensures the integrity and protection of networks, systems, and applications through the performance of formal risk assessments, policy and governance, and internal threat analysis of third parties entering into contractual relationships with Rush.

Why it matters: Manage and perform all facets of the audits for existing (internal) clients: resource planning, audit planning, audit execution, audit team management, deliverables review, etc.

What to watch: Guarantee your operation has hands on involvement across cybersecurity disciplines as Cyber Defense; Security Engineering; Governance, Risk and Compliance; Cyber Readiness; and Security Operations.

How it works: Verify that your staff directs activities related to reinsurance submission process, generating technical pricing, producing quantitative analysis, and risk governance (internal and external).

What they’re saying: “Oversee that your strategy oversees the management and administration of the testing platform, including implementation of queries to identify appropriate populations for testing.“, Jerry T. – Enterprise Model Risk Program Manager

Yes, but: Make headway so that your organization works closely experienced information security professional/security audit professional/security compliance professional/cloud security professional for enterprise technology solution.

Meanwhile: Assure your operation manages third party vendor management programs by defining security controls based on tiers of vendors, performing risk assessments for new and existing vendors, and partnering with legal to review contracts for new and existing vendors.

The backdrop: Collaborate with marketing team to develop and maintain go to market strategies around Information Security, Data Privacy, IT Compliance, IT Risk and Data Governance.

Be smart: Provide leadership and specialization knowledge to business teams on existing and emerging compliance matters to ensure a culture of compliance and partnership that leads to pragmatic, viable solutions.

Between the lines: Make sure the head of information security is responsible for identifying, evaluating, reporting on, and mitigating legal and regulatory, it, and cybersecurity risk to information assets (data, networks, applications, and people), while supporting and advancing business objectives.

Go deeper: Oversee programmatic, functional aspects, and monitor performance measures for IT investments to ensure the System Development Lifecycle (SDLC) model, architecture standards, governance and guidelines are incorporated into IT portfolio program requirements across critical mission areas.

On the flip side: Administer and measure company-wide Information Security governance processes; Assess, evaluate, and identify gaps; Make recommendations to management regarding the adequacy of the security controls and ensure deployment of solutions.

What we’re hearing: “Ensure you have exposure and involvement with Governance Risk and Compliance principals and processes, including control frameworks, controls assessments, policies and procedures, cyber security risk management processes.“, Anne C. – Director, Investment Products Risk Management and Governance Oversight

The bottom line: Make certain that your company is working with other functions, develops governance control programs including information security, business resiliency, data governance, data privacy and other various risk areas.

What’s next: Partner with key business stakeholders to drive the adoption, design, implementation, operation, and remediation of control activities and other supporting requirements like policies, standards, processes, system configurations and reporting and compliance auditing.

ICYMI: Understand, adhere to and bolster Business Resiliency and Workplace Safety risk governance across first line activities including the implementation of the three lines of defense model.

A MESSAGE FROM THE ART OF SERVICE

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Trusted by: Mitre Corporation, Facebook, TikTok, Accenture, J. J. Keller and Associates, Inc., RainFocus, McKinsey and Company, COMPQSOFT, Santander Bank, Bausch Health Companies, Morgan Stanley, Google, Deloitte, Endeavor, Citi, Grant Thornton, Fayetteville State University, CVS Health, Hallmark, FactSet Research Systems, Bank of America, Blue Cross and Blue Shield of Kansas City, Healthedge, Square, Nike, USAA, Charles Schwab, SUEZ, Ameriprise Financial, Raymond James Financial, Notarize, Oracle, Avanade, Dell Technologies, Liberty Mutual Insurance, BlackRock, Intellia Therapeutics, Visa, Fidelity Investments, Deutsche Bank, Metropolitan Transportation Authority, JPMorgan Chase Bank, N.A., Risk Management Solutions (RMS), EY Global Services Limited prod, Credit Suisse, LPL Financial, Northwestern University, TransUnion, US Senate, Blue Cross Blue Shield of Massachusetts, Domino and #x27;s, Cigna, GCM Grosvenor, Nomura Holdings, Inc., Harris Associates, Wyndham Capital Mortgage, UNITED PARCEL SERVICE, NATIONAL GRID CO USA (NE POWER), MathWorks, IBM, Goldman Sachs, TIAA, Amazon.com Services LLC, Abbvie, Dun and Bradstreet, BDO

575 words, 2.1 minutes read. By Gerard Blokdyk

Governance, Risk and Compliance 1 big thing: Guarantee your operation has involvement processing payroll, analytical thinking skills and issue resolution skills.

The big picture: Make headway so that your group is identifying and addressing client needs: building solid relationships with (internal) clients; developing an awareness of Firm services; communicating with the client in an organized and knowledgeable manner; delivering clear requests for information; demonstrating flexibility in prioritizing and completing tasks; and communicating potential conflicts to a supervisor.

Why it matters: Lead multi functional working teams and work with Business, Function, and Regional leadership to develop and implement strategic and tactical plans and critical initiatives.

What to watch: Interface with internal controls, internal audit and external auditors with priority to satisfy any audit related policy and compliance deliverables or work items.

Be smart: Determine security requirements by evaluating business strategies, researching information security standards, conducting system security and vulnerability analyses and risk assessments, studying architecture/platform, identifying integration issues, and preparing cost estimates.

Under the hood: Ensure your strong technology delivery and strong partnerships with leading product vendors and the innovative solutions in regulatory Compliance, Product Control, Finance performance improvement, strategy and Business performance improvement make you a service provider of choice.

Top Governance, Risk and Compliance Must Haves

Governance, Risk and Compliance Executives tell us every quarter about their must haves.

Here are their most urgent ones:

Learn the Top Emerging Governance, Risk and Compliance Risks HERE: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Top thinkers are using The Art of Service Critical Capabilities Analysis, the guide that’s helping leaders stay ahead of what’s next.

This guide will help you plan your roadmap. The Critical Capabilities and Priorities Guide enables leaders to shortlist hundreds of appropriate results, already prioritized.

Get started: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Yes, but: Confirm that your personnel is managing and communicating process and business requirements to the delivery team as a bridge to ensure that the proposed solutions meet the (internal) customers expectations.

The backdrop: Make headway so that your process is supporting the development and validation of mathematical/statistical models for valuation of advanced financial instruments, risk models, and other analytical tools.

Go deeper: Invest in the development and implementation of risk management of the information security program to ensure information security risks are identified and monitored.

What we’re hearing: “Develop and maintain strong strategic relationships with (internal) clients and key industry contacts to generate revenue from existing (internal) clients and expand offerings to new (internal) clients.“, Arthur B. – Sr. Manager, Risk and Controls

Between the lines: Advise and support cybersecurity and information-security leaders at all levels in governance, oversight, policy development, implementation, compliance, and monitoring; cyber security defense, preparedness, and response; security products, applications, and tools; data loss prevention; research and development.

What they’re saying: “Ensure your staff is responsible for all facets of the Information Security and IT enterprise wide Governance, Risk and Compliance in alignment with organizations across IT and your organization.“, Bradley C. – Product Governance Transformation – Program Management Lead

The bottom line: Ensure your outstanding team of software architects and engineers work together to understand and advance emerging technologies to produce the next wave of big data analytic cloud solutions.

What’s next: Ensure you want to continue to expand your work experiences and hone your skills as a comprehensive risk professional in the areas of compliance, enterprise risk management, governance, internal controls, and data analytics.

ICYMI: Conduct periodic cluster reviews to ensure compliance with the accreditation/certification and other organization requirements in increasingly innovative ways as well as regular assessment of emerging risks/trends which require new mitigations.

A MESSAGE FROM THE ART OF SERVICE

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Trusted by: Mitre Corporation, Facebook, TikTok, Accenture, J. J. Keller and Associates, Inc., RainFocus, McKinsey and Company, COMPQSOFT, Santander Bank, Bausch Health Companies, Morgan Stanley, Google, Deloitte, Endeavor, Citi, Grant Thornton, Fayetteville State University, CVS Health, Hallmark, FactSet Research Systems, Bank of America, Blue Cross and Blue Shield of Kansas City, Healthedge, Square, Nike, USAA, Charles Schwab, SUEZ, Ameriprise Financial, Raymond James Financial, Notarize, Oracle, Avanade, Dell Technologies, Liberty Mutual Insurance, BlackRock, Intellia Therapeutics, Visa, Fidelity Investments, Deutsche Bank, Metropolitan Transportation Authority, JPMorgan Chase Bank, N.A., Risk Management Solutions (RMS), EY Global Services Limited prod, Credit Suisse, LPL Financial, Northwestern University, TransUnion, US Senate, Blue Cross Blue Shield of Massachusetts, Domino and #x27;s, Cigna, GCM Grosvenor, Nomura Holdings, Inc., Harris Associates, Wyndham Capital Mortgage, UNITED PARCEL SERVICE, NATIONAL GRID CO USA (NE POWER), MathWorks, IBM, Goldman Sachs, TIAA, Amazon.com Services LLC, Abbvie, Dun and Bradstreet, BDO

527 words, 2.0 minutes read. By Gerard Blokdyk

Governance, Risk and Compliance 1 big thing: Understand and operationalize inventory of risk register tracking, scoring and associated risk statements.

The big picture: Oversee the entire Information Security program and plan, to establish strategies and processes which support your organizations ongoing security objectives and adhere to NIST/SANS.

Why it matters: Be certain that your design works as an advisor to the business areas to plan for vendor solutions towards managing the information security risk.

On the flip side: Secure that your personnel implements strong feedback loop between Training, Business Unit, and line of defense groups to ensure staff and management are aware of results and areas for improvement.

How it works: Identify and prioritize security areas of greatest potential impact to the business and collaborate with impacted business units to decide how to avoid, reduce, or transfer such risks.

Be smart: Act as a change agent and drive change by challenging as-is risk assessment processes by creating, implementing industry standards, best practices, repeatable risk evaluation methodologies using GRC framework.

Yes, but: Make sure your personnel provides expertise and support to ensure companys risk programs remain in compliance with applicable regulations including evolving data privacy regulations.

What they’re saying: “Collaborate in a matrix environment to develop and facilitate data gathering methodology for daily, weekly, monthly reporting metrics and dashboard(s) to assess IT security controls.“, Rebecca R. – Associate, Operational Risk

State of play: Make sure your group is identifying non compliance issues in software engineering activities and non consistent issues in software work products, and monitor such to resolution.

Under the hood: Develop and execute plans to improve the effectiveness of operational risk and compliance management structures, policies, procedures, systems and controls, and related governance and reporting frameworks, paying attention to best practices, trends and advances in operational risk management and compliance in the financial services industry.

Top Governance, Risk and Compliance Must Haves

Governance, Risk and Compliance Executives tell us every quarter about their must haves.

Here are their most urgent ones:

Learn the Top Emerging Governance, Risk and Compliance Risks HERE: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Top thinkers are using The Art of Service Critical Capabilities Analysis, the guide that’s helping leaders stay ahead of what’s next.

This guide will help you plan your roadmap. The Critical Capabilities and Priorities Guide enables leaders to shortlist hundreds of appropriate results, already prioritized.

Get started: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Between the lines: Drive continual improvement of the IT SOX governance program through the development of training, facilitation of SOX auditors and creation of support materials and processes for Control Owners.

The bottom line: Plan, scope, develop and invest in the coordination, execution, and communication of new, and ongoing Information Security you Compliance initiatives relevant to the implementation of Information Security you Compliance efforts.

What’s next: Ensure technical and operational security controls are incorporated into new systems and applications through participation in planning, design and implementation reviews of all new systems and significant changes to existing systems.

ICYMI: Understand the security tooling, integration and automation needs of security governance, risk and compliance, security engineering and innovation, security operations and incident response, and cyber solutions implementing solutions to promote business growth and differentiation through security tooling and automation.

A MESSAGE FROM THE ART OF SERVICE

Get started: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Trusted by: Mitre Corporation, Facebook, TikTok, Accenture, J. J. Keller and Associates, Inc., RainFocus, McKinsey and Company, COMPQSOFT, Santander Bank, Bausch Health Companies, Morgan Stanley, Google, Deloitte, Endeavor, Citi, Grant Thornton, Fayetteville State University, CVS Health, Hallmark, FactSet Research Systems, Bank of America, Blue Cross and Blue Shield of Kansas City, Healthedge, Square, Nike, USAA, Charles Schwab, SUEZ, Ameriprise Financial, Raymond James Financial, Notarize, Oracle, Avanade, Dell Technologies, Liberty Mutual Insurance, BlackRock, Intellia Therapeutics, Visa, Fidelity Investments, Deutsche Bank, Metropolitan Transportation Authority, JPMorgan Chase Bank, N.A., Risk Management Solutions (RMS), EY Global Services Limited prod, Credit Suisse, LPL Financial, Northwestern University, TransUnion, US Senate, Blue Cross Blue Shield of Massachusetts, Domino and #x27;s, Cigna, GCM Grosvenor, Nomura Holdings, Inc., Harris Associates, Wyndham Capital Mortgage, UNITED PARCEL SERVICE, NATIONAL GRID CO USA (NE POWER), MathWorks, IBM, Goldman Sachs, TIAA, Amazon.com Services LLC, Abbvie, Dun and Bradstreet, BDO

496 words, 1.8 minutes read. By Gerard Blokdyk

Governance, Risk and Compliance 1 big thing: Lead team in responding promptly to security incidents and provide thorough post event analysis.

The big picture: Make sure the value and high level design of complex security solutions are understood because you account for them in human and business relevant terms.

Why it matters: Be confident that your process assists with the development, administration, communication and reporting of your organizations diversity and inclusion program, business activities, policies and procedures.

What they’re saying: “Develop and execute on Customer Security Reviews helping (internal) customers monitor and understand the security posture and provide programmatic feedback to continuously improve the security posture.“, Cheryl G. – Risk and Compliance Manager

Under the hood: Make headway so that your workforce has program development involvement, including designing processes, policies, standards, governance structure, and risk assessment methods, supporting and facilitating risk management activities.

Top Governance, Risk and Compliance Must Haves

Governance, Risk and Compliance Executives tell us every quarter about their must haves.

Here are their most urgent ones:

Learn the Top Emerging Governance, Risk and Compliance Risks HERE: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Top thinkers are using The Art of Service Critical Capabilities Analysis, the guide that’s helping leaders stay ahead of what’s next.

This guide will help you plan your roadmap. The Critical Capabilities and Priorities Guide enables leaders to shortlist hundreds of appropriate results, already prioritized.

Get started: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

State of play: Establish that your personnel stays connected to market influences and client situation issues to identify and proactively initiate broader concept and outcomes conversations affect current and potential future projects.

On the flip side: Facilitate the completion of the organizations Risk and Control Self Assessment (RCSA) program, working closely with management and control owners to complete their assessments, including communicating procedure requirements, assessing risks and controls, and reporting and tracking of issues identified out of the RCSA.

How it works: Verify that your personnel is involved in governance risk and compliance (GRC) tools in the area of third party risk management, requirements documentation etc.

Yes, but: Lead a team of Enterprise Risk experts to include divisional functions: Cyber Risk Management, Governance and Reporting, Cyber Program Management and Cyber Remediation.

What to watch: Implement the vision, roadmap, and program for the GRC platform including design, requirements, testing, reporting, issues management, change management, and ongoing release management.

Go deeper: Utilize irm/GRC tool as well as any other tools for automated and continuous monitoring of information security controls, assessments, testing and developing reporting metrics, dashboards, and evidence artifacts required for sustainable compliance.

The bottom line: Facilitate information security governance through the implementation of a hierarchical governance program, including the formation of an information security steering committee or advisory board.

What’s next: Facilitate the review of third party SOC reports and partner with your technology teams to ensure relevant third party service providers are aligned with control requirements.

ICYMI: Make sure there is team leader who can independently manage an entire organizations risk management workload, adjust priorities, identify, and manage project, scheduling, and cost risks.

A MESSAGE FROM THE ART OF SERVICE

Get started: store.theartofservice.com/Governance,-Risk-and-Compliance-critical-capabilities/

Trusted by: Mitre Corporation, Facebook, TikTok, Accenture, J. J. Keller and Associates, Inc., RainFocus, McKinsey and Company, COMPQSOFT, Santander Bank, Bausch Health Companies, Morgan Stanley, Google, Deloitte, Endeavor, Citi, Grant Thornton, Fayetteville State University, CVS Health, Hallmark, FactSet Research Systems, Bank of America, Blue Cross and Blue Shield of Kansas City, Healthedge, Square, Nike, USAA, Charles Schwab, SUEZ, Ameriprise Financial, Raymond James Financial, Notarize, Oracle, Avanade, Dell Technologies, Liberty Mutual Insurance, BlackRock, Intellia Therapeutics, Visa, Fidelity Investments, Deutsche Bank, Metropolitan Transportation Authority, JPMorgan Chase Bank, N.A., Risk Management Solutions (RMS), EY Global Services Limited prod, Credit Suisse, LPL Financial, Northwestern University, TransUnion, US Senate, Blue Cross Blue Shield of Massachusetts, Domino and #x27;s, Cigna, GCM Grosvenor, Nomura Holdings, Inc., Harris Associates, Wyndham Capital Mortgage, UNITED PARCEL SERVICE, NATIONAL GRID CO USA (NE POWER), MathWorks, IBM, Goldman Sachs, TIAA, Amazon.com Services LLC, Abbvie, Dun and Bradstreet, BDO