SAS Enterprise GRC
SAS Enterprise GRC strengthens governance and trust with systematic management of risk. It detects and helps prevent violations, allowing you to align strategy with risk appetite. The solution builds a reliable view of risk compliance, facilitates collaboration between GRC teams and reduces the cost of risk management through automation. Benefits Demonstrates an effective implementation of the GRC framework. Enhances the quality of decision making across the organization. Reduces the likelihood of unpleasant surprises for all stakeholders. Enhances the efficiency and effectiveness of GRC processes. Reduces risk-related losses. Reduces the risk of regulatory compliance violations. Provides more reliable assurance to stakeholders. How SAS® Is Different Creates a common and integrated repository of all critical GRC components (e.g., risks, controls, policies, audits, etc.). Facilitates collaboration between various GRC teams, which will be difficult when the GRC components are in multiple systems. Reduces cost of risk management and compliance by reducing duplication of data and processes. Links all critical GRC elements, enabling you to easily visualize and assess the impact of a business decision in one part of the organization over other parts of the organization.
- IT.01 - Audit and Assurance Management
- IT.03 - Brand and Reputation Management
- IT.04 - Business Continuity Management
- IT.05 - Compliance Management
- IT.07 - Control Activity, Monitoring, and Assurance
- IT.16 - Information/IT Risk & Security
- IT.22 - Policy Mgmt, Communication & Training
- IT.26 - Risk Management
- IT.26 - Regulatory Intelligence and Monitoring
- IT.27 - Strategy, Performance, and Business Intelligence
- IT.28 - 3rd Party/Vendor Risk & Compliance
- A1. Identification
- D1. Detective Actions & Controls
- I1. Info Management
- M1. Context Monitoring
- O1. Commitment
- P1. Proactive Actions & Controls
- R1. Responsive Actions & Controls
- A2. Analysis
- M2. Performance Monitoring
- O2. Roles
- P2. Codes Of Conduct
- R2. Internal Investigation
- A3. Planning
- D3. Inquiry
- I3. Technology
- M3. Systemic Improvement
- O3. Accountability
- P3. Policies
- C4. Objectives
- M4. Assurance
- R5. Remediation
- P7. Risk Financing
MEGA GRC Suite
To maximize business performance within acceptable risk levels, the MEGA Governance, Risk and Compliance software solution helps executives coordinate their efforts and manage and communicate enterprise information in a consistent way. The solution helps establish an integrated and adapted corporate governance system based on the correlation of complex risks and processes to consistently address enterprise risk management, operational risk management, internal audit management and compliance management. The MEGA Governance, Risk and Compliance solution is based on a flexible and modular platform, which consists of powerful and user-friendly tools, built on a common repository, integrating standard best practices and methodologies, and providing each stakeholder the right view on his GRC area of interest. The MEGA solution is reinforced by 19 years of process expertise from an international team of consultants. MEGA consultants help you manage the changes addressed by your organization’s performance improvement project.
- IT.28 - 3rd Party/Vendor Risk & Compliance
- A1. Identification
- C1. External Context
- A2. Analysis
- C2. Internal Context
- A3. Planning
- C3. Culture
- (A) Assess
FIVE TIPS TO GET MORE BUSINESS BENEFIT FROM OPERATIONAL RISK resource Articles Member contribution
"The list from the regulators is growing!" "Our leadership wants to know if we're creating value beyond shuffling compliance paperwork." "The regulators keep asking questions beyond our risk framework." "The bank is changing faster than we can keep up, changing products and integrating acquisitions." "Our o
Final Guidance on Sound Incentive Compensation Policies (June 25, 2010) resource Agency Guidances OCEG Reviewed
75 Federal Register 36395 (June 25, 2010)
Agencies: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System, (Board or Federal Reserve); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS).
New ISO standard for effective management of risk (November 2009) resource Standards and Guidelines
Introduction: A new International Standard, ISO 31000:2009, Risk management – Principles and guidelines, will help organizations of all types and sizes to manage risk effectively.
ISO 31000 provides principles, framework and a process for managing any form of risk in a transparent, systematic and credible manner within any scope or context.
Why is GRC important? blog
I have been blogging about what GRC is, advocating the definition developed by the Open Compliance and Ethics Group, OCEG (see this and subsequent posts). But, I haven’t really talked about why the concept of GRC has value.
