Governance, Risk and Compliance (GRC)
Today, organizations are facing a myriad of challenges that can impact their operations, reputation, and financial stability. Governance, Risk, and Compliance (GRC) is a structure that organizations are turning to both manage risk and mitigate these challenges. At the heart of GRC lies a framework of policies, processes, and procedures that work as a central point for organizational decision-making. These mechanisms enable organizations to pinpoint risks with extreme precision, assess their potential impact with unwavering accuracy, and develop strategies to mitigate their effects with remarkable efficacy. Tightening compliance requirements and improving the enforcement structure being put in place by regulators across the globe have emphasized the need to have a structured process for compliance management.
In a rapidly changing geopolitical, business, and regulatory environment requires rethinking risk in new ways. Management is constantly struggling with increasingly demanding requirements while optimizing the governance structure to build trust, drive efficiency, and remain competitive. Implementing the appropriate GRC framework will help firms discover the best techniques for improving risk management, increasing process efficiency, and strengthening internal controls and compliance. Adopting a creative approach to managing and enhancing your GRC skills will help you seize opportunities, keep ahead of unpredictability, and fulfill stakeholder expectations.
Our work involves helping companies design, review, revamp, and benchmark their GRC practices and performance of business process controls. By aligning GRC activities to business performance drivers, we help transform the function to anticipate and mitigate risk and deliver business performance. Tightening compliance requirements and improving the enforcement structure being put in place by regulators across the globe have emphasized the need to have a structured process for compliance management.
Our teams bring specialty skills and industry experience to provide you with practical implementation insights in Compliance Gap Assessment, Cybersecurity Maturity / Posture Assessment, Recommendations and Roadmap; Security Risk Framework, Policy, Processes and Templates Security Standards and Architecture, GRC Workflow and Integration, Metrics / Report Dashboard; Implement Risk and Compliance Frameworks, Baseline Security Controls, GRC Automation; Manage IT and Supplier Risks, Security Audits and Assessments, Control Validation, Awareness and Phishing, and Refine Metrics.
Governance, Risk and Compliance (GRC) Practices
We empower organizations to cultivate a risk-aware culture by seamlessly integrating data analytics, emerging technologies, and advanced scenario planning. This enables our clients to proactively identify, assess, and prioritize potential threats and opportunities, including cyberattacks, supply chain disruptions, and reputational damage.
We guide our clients in establishing and maintaining a resilient system of internal controls. This involves implementing clear policies and procedures, conducting rigorous audits and assessments, and leveraging cutting-edge GRC platforms to automate processes, enhance efficiency, and gain deep insights into control effectiveness.
Navigating today’s dynamic regulatory landscape requires a data-centric approach. We leverage advanced data analytics to identify and address compliance gaps, monitor real-time regulatory changes, and generate compelling reports and analytics to demonstrate compliance to regulators and stakeholders.
GRC is an iterative and evolving process. At SBS Global, we cultivate a culture of continuous improvement by regularly reviewing and refining our clients’ GRC programs, adapting to emerging risks and regulations, and embracing innovative technologies such as AI and machine learning to enhance risk identification, assessment, and mitigation.
Benefits of outsourcing Governance, Risk and Compliance (GRC)
