Defining the next generation of GRC

The panel

• David Marmer, Vice-president, Offering management, IBM
• Viney Chadha, Vice-president, Operational risk governance, Policies and reporting, Guardian Life Insurance
• Michael Colasso, Senior vice-president, Head of enterprise operational risk management, SunTrust Bank
• Moderator: Tom Osborn, Desk editor, Risk.net

More regulations, more areas of emerging risks, more data to collect and parse. It’s no wonder risk management and regulatory compliance have become focal points for financial services organisations. Managing responsiveness and the proliferation of regulations and IT systems – as well as rapidly expanding volumes and data variety – is a high-stakes balancing act.

Firms are now under pressure to significantly transform governance, risk and compliance (GRC) processes. Traditional mechanisms of effective risk management and regulatory compliance are fast becoming outdated. New technology such as machine learning and artificial intelligence are helping manage common mistakes and streamline projects.

A panel of experts provides insight and opinions on the evolving GRC frameworks and cognitive computing.

Key topics discussed include:

• Trends in GRC technology and key drivers for GRC in the market
• Leveraging technology to facilitate the new-age GRC framework and the integration of risk management with vendor risk, IT risk and compliance risk functions
• Using GRC tools across various business lines to uniformly respond to regulators
• The limitations of human resources in dealing with multiple regulatory compliance projects and the potential of cognitive computing to bring efficiencies to regulatory compliance

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