Risk Management & Compliance
Governance, Risk and Compliance (GRC) efforts are too often disconnected and inconsistent. All organisations have people and functions in place to practice governance, manage risk, and meet compliance requirements to some degree, however, as most of these efforts are developed over time in distinct areas of the organization, they fail to realize benefits of coordination, including better efficiency and improved insight.
The span of a Governance, Risk and Compliance process includes three elements:
- Governance as the oversight role and the process by which companies manage and mitigate business risks.
- Risk management, which enables an organisation to evaluate all relevant business and regulatory risks, and controls as well as monitor mitigation actions in a structured manner.
- Compliance as it ensures that an organisation has the processes and internal controls to meet the requirements imposed by governmental bodies, regulators, industry mandates or internal policies.
In essence, Risk Imperium will ensure that IT governance provides a structure for aligning IT strategy with business strategy for your organization. By following a formal framework, your organisation can produce measurable results towards achieving your strategies and goals. Risk Imperium takes you through a formal program that takes stakeholders' interests into account, as well as the needs of staff and the processes they follow. Largely, IT governance is an integral part of the overall organisation’s governance.
IT governance and GRC are essentially the same thing. While GRC is the parent program, what determines which framework is used is often the placement of the Chief Information Security Officer (CISO) and the scope of the security program.
Why IT governance for your organisation?
Organisations today are subject to many regulations governing the protection of confidential information, financial accountability, data retention and disaster recovery, among others. They are also under pressure from shareholders, stakeholders and customers to protect their critical assets; information and guarantee it’s confidentiality, integrity and availability
To ensure your organisation meets internal and external requirements, Risk Imperium supports you with the implementation of a formal IT governance program that provides a framework of best practices and controls. This applies to both public and private sector organisations regardless of business size.
Risk Imperium works with you to phase in an IT governance program with minimal ‘speedbumps’ through management services to focus on managing the IT security program and the risk within the organization; operational services to focus on controls implemented and executed by people (as opposed to systems) and technical services to focus on security controls a computer system executes.