Part Six: Rinse and Repeat (IT GRC)
- October 7, 2017
This is our final installment in our blog series Managing Privacy and Risk in Financial Services!
Monitor, prioritize, and automate response to risks …repeat (you can say that again and again and…)
Due to the multitude of regulations facing compliance departments across financial services, companies must track every exception and provide evidence they have remediated any issues. Tracking of exceptions is necessary across your enterprise; trading, operations, settlements, risk management, finance, IT, business continuity, the list goes on and on. Automation is the only answer. It’s the only way to increase capacity, lower risk and adjust as needed to meet new regulations. It really is a rinse and repeat plan across your organization to ensure you are compliant.
ServiceNow’s Governance, Risk, and Compliance (GRC) transforms inefficient processes across your extended enterprise into a unified GRC program built on the ServiceNow platform. We talked a bit about the unified GRC program in the first installment in the series. I could devote an entire series to that single topic alone! Through continuous monitoring, prioritization, automation, and a deep connection with the ServiceNow platform, you can effectively respond to real risks in real time.
In this blog post I’m leaning on two of our customers from Nomura Americas. Helena Odendaal Uys, Vice President, Head of IT Compliance Programs and Namit Saksena, Vice President and Head of IT Compliance Development:
Nomura Americas responds to expanded regulatory requirements in just three months.
For Nomura, compliance is a top priority and lies at the core of its code of ethics. As with other financial institutions, Nomura also faces a stringent regulatory environment, making an overriding focus on compliance even more crucial. Please see the link below to read the case study on how they used automation to accomplish all of the above and much more.
Join us for our webinar, “Managing Privacy and Risk in Financial Services” on Tuesday, October 10 at 8:00am PDT/11:00am EDT. Helena and Namit, along with ServiceNow product experts, will offer a closer look into GRC solutions and strategies.
In case you missed the previous posts, here they are: