S2 | E36: What's The Difference Between GRC and Audit?

Banking on Data Podcast

Banking on Data Podcast
S2 | E36: What's The Difference Between GRC and Audit?
Aug 27, 2024 Season 2 Episode 36
SRA Watchtower

In today's complex financial landscape, effective risk management is critical for the stability and success of any financial institution. Governance, Risk, and Compliance (GRC) teams play a central role in this process, ensuring that organizations are well-protected against potential risks while maintaining compliance with regulatory standards. But how exactly does GRC fit into the broader picture of Enterprise Risk Management (ERM) and how does GRC differ from the Audit function? This Risk Intel episode features Cathy Jackson, Director or Implementations at SRA Watchtower, who answers four key questions to help you understand the responsibilities of the GRC and Audit teams, how they operate, and how they integrate with ERM. Give it a listen to learn more.

Follow us to stay in the know!