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Governance, Risk Management & Compliance Implementation

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John Esser Portfolio Manager| Guardian Life Insurance Corporation Fair Haven, Nj, United States
Hi All,
I am beginning to set up a Governance, Risk Management & Compliance implementation project for a major firm who has already purchased the GRC application and wondering if there are any members that have implemented this type of project.

I have worked on Governance and Compliance in the past, but this will be my first project where all three areas are integrated. Please let me know if there is any recommended material I should review, as well as any sample project plans that would help me get started.

All responses are greatly appreciated.

John
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Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
Hi John

Sound like a big and interesting challenge

What about the GRC application, don't they have some material (bias maybe)?
What is the GRC Application?
You can contact me directly
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1 reply by John Esser
Mar 01, 2016 5:35 PM
John Esser
...
Hi Vincent,
The GRC application we are implementing is Bwise by Nasdaq and you are correct that they do have material on their website that I have reviewed.

I realize there are quite a few GRC applications on the market, so my original question is more on the generic side, since there a quite a few applications in the GRC space.
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John Esser Portfolio Manager| Guardian Life Insurance Corporation Fair Haven, Nj, United States
Mar 01, 2016 4:56 PM
Replying to Vincent Guerard
...
Hi John

Sound like a big and interesting challenge

What about the GRC application, don't they have some material (bias maybe)?
What is the GRC Application?
You can contact me directly
Hi Vincent,
The GRC application we are implementing is Bwise by Nasdaq and you are correct that they do have material on their website that I have reviewed.

I realize there are quite a few GRC applications on the market, so my original question is more on the generic side, since there a quite a few applications in the GRC space.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
This might not be concrete enough for your purpose, John, but have you considered reviewing risk management standards and guidelines such as:
* ISO 31000,
* COSO,
* Solvency II, and
* Base II and III?

Solvency and Base standards are particularly targeted to the financial industry (insurance and banking).

Each one provides a framework for governance, risk management and compliance.

All the best in your search.
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1 reply by John Esser
Mar 02, 2016 9:31 AM
John Esser
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Good suggestions Stephane. I will definitely review the Solvency and Base Standards.
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John Esser Portfolio Manager| Guardian Life Insurance Corporation Fair Haven, Nj, United States
Mar 01, 2016 8:51 PM
Replying to Stéphane Parent
...
This might not be concrete enough for your purpose, John, but have you considered reviewing risk management standards and guidelines such as:
* ISO 31000,
* COSO,
* Solvency II, and
* Base II and III?

Solvency and Base standards are particularly targeted to the financial industry (insurance and banking).

Each one provides a framework for governance, risk management and compliance.

All the best in your search.
Good suggestions Stephane. I will definitely review the Solvency and Base Standards.
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Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
In the GRC context guidelines suggested by Stephane a great.

One thing I see that is often overlook has to do with HR, remuneration and specially the bonus. It has a major impact on how people apply GRC.

I don't have reading related to that, but there's some study.
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John Esser Portfolio Manager| Guardian Life Insurance Corporation Fair Haven, Nj, United States
Thanks Vincent.
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Anonymous
Thanks for this avenue of discussion.

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