Creating Value from Operational Risk Management
Strengthening Your ORM Practices to Protect Your Financial Institution
Conference: October 7 and 8, 2008
Radisson Admiral Harbourfront Hotel · Toronto, Ontario
Optional Post-Conference Workshops
Thursday, October 9, 2008
9:00 - 12:00
In-Depth Guide to GRC Convergence
Bruce McCuaig, Chief Risk Officer and Principal Consultant, Paisley Canada
Governance, risk, and compliance convergence (GRC) is the next major evolution of the assurance professions. It promises huge benefits to corporations, as well as the streamlining and transformation of traditional assurance activities. But before beginning the journey, companies must clearly understand exactly what GRC convergence is, what it means, the costs and benefits of integrating GRC functions, and the key elements on the road map to implementation. This half-day workshop is designed for key executives who are considering, or are in the early stages of, designing a GRC convergence plan. This workshop will make use the capabilities of Paisley Enterprise GRC software.
- Understanding GRC convergence: how GRC is different from current governance, risk, and compliance assurance methods
- Costs and benefits of convergence: creating a business case for GRC at your financial institution
- Elements of GRC convergence: setting up an integrated GRC system
- Organization of governance, risk, and compliance: people, products, and processes that make it work
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