Governance, Risk, and Compliance, How does Trustology Work for You?
Trustology follows a systematic and detailed process to help clients achieve their GRC objectives:
Initial Assessment and Scoping
Understand the client's business environment and GRC needs.
Stakeholder meetings to define objectives.
Identification of regulatory requirements.
Scoping based on business operations, geography, and industry sector.
Gap Analysis
Identify gaps between current practices and desired GRC standards.
Review of existing governance policies and risk management practices.
Risk assessments and compliance gap analysis.
Summary report of findings.
Develop GRC Strategy
Create a tailored GRC strategy.
Definition of governance structures and roles.
Development of a risk management framework.
Formulation of compliance strategies.
Training for employees and stakeholders.
Design and Implement GRC Framework
Build a robust GRC framework.
Design of policies and procedures.
Implementation of GRC automation tools.
Establishment of KPIs and metrics.
Training for employees and stakeholders.
Risk Management and Compliance Controls
Manage risks and ensure compliance.
Development of risk controls.
Establishment of compliance controls.
Implementation of incident response plans.
Monitoring systems for ongoing compliance checks.
Monitoring and Reporting
Continuous monitoring and reporting on GRC activites.
Continuous monitoring processes.
Regular audits and assessments.
Reporting for management and stakeholders.
Use of dashboards and analytics.
Continuous Improvement and Adaptation
Foster a culture of continuous improvement.
Periodic review and update of the GRC framework.
Stakeholder feedback collection.
Implementation of audit findings.
Promotion of compliance cultures.
Communication and Stakeholder Engagement
Ensure effective communication with stakeholders.
Development of communication plans.
Engagement with regulators and auditors.
Facilitation of workshops and seminars.
Documentation and Record Keeping
Maintain comprehensive GRC records.
Documentation of policies and procedures.
Record keeping of risk assessments and audits.
Ensuring accessibility for audits and inquiries.
Post-Implementation Review
Evaluate GRC implementation effectiveness.
Post-implementation review.
KPI measurement.
Identification of lessons learned.
