Internal Audit, Risk, Business & Technology Consulting A GRC project on life support recovers with timely intervention and thoughtful collaboration Today, the bank’s regulatory compliance program’s status is considered “on the right track” by the steering committee — a long departure from the frustrating stalemate where it began. The implementation effort also received the corporation’s “Project of the Year” award for the value it provided. The Challenge When a large global bank undertook an ambitious multiyear governance, risk and compliance (GRC) transformation program to better adapt to the changing regulatory landscape, it set a clear goal: to create a sustainable and streamlined compliance process leveraging GRC technology that pushed automated regulatory updates to end users

Join for free to read