GRC in BFS Industry: A beginner’s guide on Governance, Risk Management and Compliance by Banking & Finance Industry

GRC - Governance, Risk and Compliance - is an umbrella term for the processes and practices that organizations implement to meet business objectives.This is a relatively a new jargon, probably a decade+ old. However, GRC management has come a long way from binders full of documentation, unwieldy spreadsheets, and other manual processes. Rather than just a catchall term for unconnected management activities, truly integrated GRC - sometimes referred to as integrated risk management - takes a holistic, enterprise-wide approach to understanding risks and opportunities to better support organizational strategy.The author has experience in Banking risk management, compliance, etc., both practical and offering related IT solutions. This is a guide book for beginners. Lots of fundamental concepts are dealt with in simple terms. It has been mentioned as if you do not update yourself, you will be outdated . There cannot be a generic GRC solution across industry. Hence this book can be used as a base or fundamental. Depending on the industry or organization, the reader is into, he has to improve it further.