How an Effective Risk Management Drives Improved Decision Making - Wipro

Harry1212 Jan, 2022Technology

One of the largest financial services organizations in US had as many as 29+ risk management applications in different business units to address their risk and compliance needs. The organization had established a Policy & Control Framework to meet the regulatory and internal policy mandates. Each business unit had maintained different risk taxonomy and carried out risk and control assessments. Though several initiatives were undertaken, the Governance, Risk and Compliance Management activities were driven by stakeholders with different objectives.