GRC roles and responsibilities
The success of your GRC program depends on the people driving it. Key skills for GRC roles include analytical thinking, strong communication, knowledge of industry regulations and a proactive approach to risk management.
At the helm, the board of directors drives your organization’s values, ethics and risk appetite. Your executive management translates this vision into a concrete strategy; GRC management specialists, such as chief compliance officers and risk managers, then design, implement and manage the program, aligning it to your organization’s goals.
Employees play an integral part in the execution of the program, embodying the success of training and policies and reporting potential risks when a program is successful. Internal audit teams assess the effectiveness of the GRC framework in action, pinpointing areas of improvement.
Lastly, your GRC program extends beyond the organization itself. Customer, supplier and regulator perceptions and requirements will also influence its evolution.
Remember – fostering a culture of compliance and ethics is as crucial as the skills of the designated roles managing your GRC framework.
The behaviors and choices of your leadership team, its attitude towards employees who report issues and overall executive transparency will impact the success of your GRC initiatives.