We provide advisory services to respond to emerging regulatory requirements for improved governance, risk and compliance (GRC) in financial and professional services and other highly regulated environments.
GRC refers to integrated capabilities which provide assurance that internal policies, regulatory requirements and client mandates are being complied with, that the board’s preferred approach to risk is guided by effective risk management and that accountability is ensured through the definition of appropriate controls.
Well-publicised business failures and fluctuating global markets, coupled with an increased focus on organisational transparency, employee wellbeing, corporate responsibility, environmental sustainability, a renewed focus on consumer rights and not least technological developments have caused seismic shifts in business landscapes.
This dynamic environment has increased the need for firms to enhance their ability to define internal policies effectively, navigate risks, and meet enhanced regulatory requirements on an on-going basis.
Too often GRC activities have been developed in organisational siloes with non-automated solutions developed on an ad-hoc basis. Effective GRC is underpinned by strategically–developed, technological architectures.
The challenge for the CIO is to provide an agile, but robust, IT environment which can enable the refinement of internal policies and respond to fast-paced regulatory developments and environmental changes.
Kemp Little Consulting LLP is uniquely placed to assist CIOs facing GRC challenges through a complementary knowledge base of legal and consulting expertise focused around technology. This provides us with unique perspectives on financial or professional sector code compliance, ICO obligations and the regulations facing professional services providers to the financial services industry.
Kemp Little Consulting’s IT capabilities for GRC framework helps firms evaluate the maturity of their current environment and develop a road map for aligning their IT, GRC and business activities.
Measurable benefits include reducing the cost and pain of meeting future regulatory obligations while enabling informed decision making across the enterprise. The help we provide includes developing strategic management frameworks, business or process impact analysis, independent reporting on compliance and the provision of business software solutions and services to demonstrate compliance.