Heightened standards and significant investments have increased the size and scope of responsibilities for risk and compliance functions. Expansion often is a fertile ground for inefficiencies to risk and there is ample room for effectiveness across all three lines of defense while stabilizing or lowering costs. Often overlooked as success factors, risk management and regulatory compliance are intended to drive growth and act as enablers of business strategy. When implemented correctly, they not only create greater confidence, but also greater speed to value.
Protiviti’s Risk and Compliance consultants partner with management, board members and outside counsel to help organizations comply with regulatory requirements, respond to situations of noncompliance, and improve the processes around information systems supporting governance, risk and compliance (GRC). Protiviti helps clients take a disciplined approach to managing credit, market and operational risks through a combination of assessments, process improvement, and model validation and review.
Our areas of expertise include:
The Board Institute, Inc. (TBI), in partnership with Protiviti has released TBI Protiviti Board Risk Oversight Meter™ to enable boards of directors to assess and improve the effectiveness of their risk oversight processes.
Learn more at TBI Protiviti Board Risk Oversight Meter.
Protiviti has developed a digitalization/digital transformation framework that provides a high level overview of how we help our clients fulfill their goals and objectives.
Learn more at Empowering Second Line Functions.
Rapid technological evolution in the financial services industry continues to gain pace. This new environment is challenging traditional financial institutions to meet consumer demand for digital solutions by accelerating innovation in-house and by partnering with financial technology, or fintech, companies.
Learn more at Defining Regtech: Innovation to enable compliance.
At the foundation of the Agile Risk Management Framework is the central premise that business management and risk management should create a unified operating model with clear first, second and third line accountability.
Learn more at Agile Risk Management.