Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    GRC, The Backbone of Enterprise Management
    GRC, The Backbone of Enterprise Management
    GRC, The Backbone of Enterprise Management
    Ebook68 pages1 hour

    GRC, The Backbone of Enterprise Management

    By Seshagiri Rao Vaidyula

    ()

    Read preview

    About this ebook

    Business enterprises need to be more adaptive than ever in this increasingly digitalized world. They must strategize by exhibiting traits that drive an effective response to change, including agile decision-making, the ability to respond cohesively, and the adaptive capacity to pivot and reposition while maintaining high levels of trust among stakeholders.

     

    Because of this, Enterprise Risk Management is becoming a focal point of every boardroom conversation and a critical element in developing business strategies and objectives to optimize the decision outcomes. Organizations should focus on positioning enterprise risk in the context of business performance rather than viewing it as an isolated exercise to anticipate risk and mitigate it. 

     

    That's where the GRC converges with ERM. Enterprise Risk Management plays a crucial role in establishing the processes and frameworks necessary for risk identification and mitigation. GRC capabilities provide insight into people, process, and technology layers required for the businesses to manage risks and adopt change effectively.

     

    GRC, the backbone of the Enterprise Risk Management book, provides insights into harnessing the power of GRC for managing enterprise risks. The book is unique because it emphasizes on:

    • the top-down approach instead of the bottom-up to build GRC capabilities for enterprise risk management
    • the Boards and executive leadership to understand their role in GRC enablement
    • aligning people processes and technology by actively engaging three lines of defense
    • creating a strategic functional unit to operationalize GRC
    • leveraging technology as a lever to accelerate benefits and sustain the GRC capabilities for enterprise risk management.
    LanguageEnglish
    PublisherTemplar Shield, Inc.
    Release dateMay 4, 2021
    ISBN9798201668020
    GRC, The Backbone of Enterprise Management
    Author

    Seshagiri Rao Vaidyula

    Sesh is a Partner at Templar Shield responsible for client enablement. Before this role, Sesh served Wipro as the Practice Head of the American Region & Consulting Partner for Risk, Compliance, and Assurance Consulting. At Wipro, he led numerous consulting and managed services engagements for clients globally and built GRC offerings to fuel business growth. Before that, he was a Director, and an instrumental part in building the GRC practice, at PwC LLP. He has also had successful stints at Deloitte & Touché, AFL, Cholamandalam, and Sundaram Finance. Sesh is a seasoned executive with more than 20 years of experience in advising companies in the areas of Cybersecurity, Privacy, Governance, Risk, Compliance (GRC) program transformation, and technology enablement. Sesh has gained multi-domain exposure to enterprise/operational risk, cybersecurity, third-party risk, internal audit, systems audit, business cycle, and ITGC reviews compliance, such as Sarbanes-Oxley, HIPAA, CCPA, and the like. Sesh is a Fellow of the International Compliance Association, a Fellow of the Institute of Cost Accountants of India, a Certified Data Privacy Solutions Engineer, and an ISO 27001 Lead Auditor. He also maintains an ITIL V3 Foundation and cleared CISSP and CISA certifications. He is an Official Member of the Business Journal Leadership Trust and The Directors and Chief Risk Officers (The DCRO) Group. He has presented at multiple events on various GRC topics nationally. He is a highly networked individual and a well-known personality among the risk, compliance, security, and professional audit community as a GRC specialist and thought leader.

    Related to GRC, The Backbone of Enterprise Management

    Related ebooks

    Banks & Banking For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Need To Rethink Risk Governance

      Jul 26, 2021

      The Need To Rethink Risk Governance
      5 min read

    • Article

      Managing the Risks of Digital Lending

      Feb 18, 2022

      TECHNOLOGY HAS BEEN the crux of the Indian banking system and the advent of Covid-19 has fuelled the shift of business models from ‘physical’ to ‘digital’. The journey of innovation, which started with internet banking and digital means of payments,

      6 min read

    • Article

      Art Of Pricing Insurance IPOs

      Oct 30, 2017

      Art Of Pricing Insurance IPOs
      5 min read

    • Article

      Cyber Security IS A SHARED RESPONSIBILITY AT THE C-LEVEL

      Sep 21, 2016

      Data breaches can have far-reaching repercussions; protecting against them is a companywide mandate

      2 min read

    • Article

      New-age Banking

      May 14, 2020

      New-age Banking
      3 min read

    • Article

      PhonePe: Life Beyond UPI

      Dec 10, 2020

      PhonePe: Life Beyond UPI
      5 min read

    • Article

      Are You Prepared To Take The Risk?

      May 25, 2021

      Risk is a fact of life for businesses of all kinds – large and small. If we’re lucky, we might see it coming, so that we have an opportunity to formulate a coping strategy. But how can managers and employees be best prepared to deal with the unexpect

      9 min read

    • Article

      Sustainability Tools: The Regenerative Compass

      Jan 1, 2024

      We are well into what climate experts are calling ‘the decisive decade’ for sustainability and Net Zero commitments. And yet, significant action and momentum are missing in most organizations. Even in companies that have made bold commitments for 203

      4 min read

    • Article

      Approaching Risk from The Boardroom

      Dec 2, 2022

      Looking into risk from the perspective of the boardroom demands a note on the concept of corporate governance itself and the resulting implications. Shareholders are the principals and need to have their rights protected; management is nominated and

      7 min read

    • Article

      Agility and Resilience:

      Dec 3, 2019

      Agility and Resilience:
      7 min read

    • Article

      A Focus on ESG

      Oct 19, 2021

      A Focus on ESG
      2 min read

    • Article

      So, You Want To Be A CEO?

      Sep 1, 2018

      So, You Want To Be A CEO?
      10 min read

    • Article

      In And Out

      Aug 23, 2018

      In And Out
      5 min read

    • Article

      Behavioural Insights at Work

      May 1, 2019

      Why is it such a great time to be a cognitive scientist right now? More than ever, people are talking about how the brain works, and everyone wants to understand how to change behaviour. As a result, the inner workings of the brain are no longer the

      5 min read

    • Article

      AGILE: It Is All About Trust

      Oct 22, 2019

      AGILE: It Is All About Trust
      6 min read

    • Article

      Soft skills KEY TO LEADERSHIP IN A CHANGED WORLD

      Feb 25, 2021

      Q There is an old saying that “there is nothing new under the sun”. Do you think that business managers are facing something fundamentally new in the post-COVID world, or can they tackle it using tried and tested approaches? A The pandemic shows tha

      15 min read

    • Article

      Leading From The Front

      Sep 3, 2020

      Leading From The Front
      2 min read

    Related categories

    Reviews for GRC, The Backbone of Enterprise Management

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      GRC, The Backbone of Enterprise Management - Seshagiri Rao Vaidyula

      ACKNOWLEDGMENTS

      Idedicate this book to the God who blessed me with human life!

      Thank my beloved parents for caring, cultivating values, going above and beyond in providing good education, and laying a solid foundation for my success!

      I could not have gotten here without the support and encouragement of my loving wife Bhanu, especially for understanding me and standing by my side, taking care of the kids, and bearing my time away from the family! My kids Rohit and Raghav, you have been the joy of my life!

      I express my sincere gratitude to all my mentors who inspired me with their simple living, high thinking, work ethics, and teaching me to stay humble, adding value to others, and living by example! 

      I take this opportunity to thank Nicholas Friedman for encouraging and approving my proposal to publish the book and helping me with editing and refining the content to flow it better! 

      FOREWORD

      Ifirst met Sesh when I entered our ISACA Greater Houston Chapter One Day Security and Audit Conference one Summer day in 2016. I was a little late, and a bit distracted and saw a gentleman dressed to the nines whom I did not recognize standing behind our Registration Table, assisting in the registration. I did not know him, but he was helping in a situation where we always need more support. Sesh introduced himself to me, saying he was a Director in GRC for PwC, having moved from San Francisco, where he was involved with the San Francisco ISACA Chapter. In minutes, he was sharing ideas around a GRC SIG. In between the second and third speakers, I introduced Sesh to our ISACA Houston Family and were off and running our GRC SIG and signing people up.

      Infectious energy and attention to culture are what Sesh brings to the table –with many creative ideas to fields old and new – this book is a new chapter in that path, as it combines GRC and ERM.

      I like how he describes GRC as the spine of enterprise risk management because the traditional risk management approach was always inward pulling vs. outward push.

      Risk management teams reached out to the first line of defense to conduct risk assessments and collect and report the enterprise risk data. The risk assessment approach is static, reactive, and only a point in time. On top of that, risk quantification is a big challenge with a less actively engaged first line of defense in managing enterprise risks. Consequently, upper-level management can be blindsided by an outdated risk posture when making business decisions, especially when enterprise risk management has become a procedural exercise rather than pivotal to the business. 

      GRC strategy is a game-changer. GRC strategy presents new ways to evaluate, aggregate, and roll up risks across an organization to achieve objectives in the context of greater business complexity. It enables organizations to include enterprise risk evaluation integrated with strategic and operational planning processes and examine risk attributes to understand the links between strategy, risk, and performance with more depth and clarity.

      While GRC strategy created hope for organizations to overcome the complexity and challenges of managing enterprise risks,  many could not successfully harness the power of GRC strategy. In this book, Sesh discusses how to overcome roadblocks presented to organizations and provides a simplified holistic approach to harnessing the power of GRC strategy within enterprise risk management.

      Enjoying the preview?
      Page 1 of 1