OneTrust

Steps to Rethinking Risk Assessment

Risk and control officers spend countless hours assessing businesses risk, stuck in spreadsheets, sifting through emails to find the most up-to-date information. And even after gathering all the necessary information from a line of business, they still need to review, validate, analyze, and assign a risk score. All of this must be done before actionable insights can be drawn or mitigation efforts can take place. Even financial institutions with a robust GRC program struggle to bridge the gap in how risk is assessed and rate at which their business operates today. But the solution is not as simple as getting a risk management tool; it’s about finding the right technology to adapt processes in line with the organisation's current risk landscape and business objectives. In this session, Robert Coxall from OneTrust will review the risk assessment best practices businesses should consider, based on leading industry standards and modern risk assessment technology.