It’s clear that financial firms can no longer manage the governance, risk and compliance (GRC) burden on a project-to-project basis, throwing bodies and spreadsheets at a deadline and then moving on.
Rather, GRC teams need to think about these changes strategically, and encourage their organisations to do so as well.
By taking a more holistic view of the demands that they are being presented with and a smarter use of technology, GRC teams can not only reduce costs but also improve efficiency. This in turn provides opportunities for people with real expertise to focus on high value-added issues, such as staff development, retention, and risk mitigation.
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