Accomplish control over end-to end Audit Functions

We act as a single source of truth in, authoritative system for all of your audit management needs, RSA Archer allows you to consolidate your end to end audit process and documentation in one system. This makes it easier to manage the audit lifecycle and quickly evaluation staffing and budgets.

Endorses Collaboration through Risk and Compliance Functions

RSA Archer Audit Management features best practices based on the latest Institute of Internal Audit standards and COSO framework so that your internal audit team can partner more effectively and share data with colleagues across risk and compliance.

Assists to Structure Internal Audit with Business significance

By aggregating risk and control information from across an organization on one system of record, RSA Archer Audit Management allows audit teams to prioritize their activities based on business imperatives and the latest risk assessments.

Empowers Proactive Management of Risks and Controls

By providing access to information, resources and results from risk and compliance teams, RSA Archer Audit Management gives audit teams better visibility into key risks and under-performing controls. Real-time dashboards ensure your team is achieving audit plans.

If all the hazards found were not detected, otherwise unnecessary risks will be acknowledged.

Surveillance of loss risk due to inadequate or failed internal processes and systems; human factors; or external events. Operational risk was rarely considered strategically significant by senior management as opposed to other types of risk like market risk, credit risk, etc.

ORM Uses Proven Decision-making Tools

• Decision-making systems get the decision to the right person with the appropriate support at the right time.

• Basic cost benefit and return on investment analysis assure maximum benefit for the risk control.

• Decision-Making matrices and other advanced decision-making techniques enhance the quality of decisions.

• The leader list of question leads to better staff inputs

“The single greatest advantage of ORM over traditional risk management is the consistent detection of Six stages of ORM Process:

Experts in regulatory compliance management assist organizations define the laws, regulations, codes and standards relevant to their operating environment, operationalize enforcement responsibilities in day-to-day processes and procedures, track compliance measures, document compliance internally and externally, and provide the necessary training. Ensuing a breakdown of compliance, an organization’s management needs to design and implement corrective actions and internal controls, and restore and optimize extended regulatory relationships.

Ensuring Regulatory Compliance:

With the current business landscape, where legislation emerges and changes continuously with increasing requirements to keep business on the right track, it is critical for every organization to implement adequate and effective structures to embed a culture of compliance.

Governance Evaluations

Governance reviews include assessments and advice at the level of Board and Business Governance to assists clients improve their governance maturity level. While business governance services include the development of business governance frameworks, Ethics/ Business Integrity frameworks, Delegations of Authority, Combined assurance frameworks and Governance training.

‘‘Identify and achieve an acceptable level of risk’’

Risk management of information security, or ISRM, is the technique of managing risks associated with the use of IT. This includes the identification, evaluation and treatment of threats to the privacy, dignity and accessibility of the resources of an entity. The ultimate goal of this process is to manage risks in accordance with the overall risk profile of an organization. Businesses should not be able to express themselves.

Governance, Risk Management, and Compliance (GRC)

• Information Security Risk Management

• Compliance and Regulatory Frameworks

• SOC Reports

• General Data Protection Regulation (GDPR)

• NYDFS Cybersecurity Regulation

• NIST Frameworks

• CIS Critical Security Controls

Assessment :

This is the process of combining the information you’ve gathered about assets, vulnerabilities, and controls to define a risk. There are many frameworks and approaches for this, but you’ll probably use some variation of this equation

Risk = (threat x vulnerability (exploit likelihood x exploit impact) x asset value) – security controls

Business resilience is an enterprise-wide term that encompasses crisis management and continuity of business and responds to all types of risk that an organization may face, from cyber threat to natural disaster, and much more. In addition to resolving the implications of a major incident, the willingness of an organization to adapt to the new environment and circumstances.

Business resilience planning is a governance and risk management responsibility that boards must address to enable them to survive and thrive in an increasingly hostile environment.

Business Resilience, Business Continuity or Disaster Recovery?

Business resilience is more a strategic approach to risk management that integrates many disciplines into a single set of integrated processes and is tailored to the requirements of an individual organization;
Business continuity is a process-driven approach that can be standardized, bringing an enterprise out of a major incident so that activities can continue; and crisis management handles particular situations (man-made or natural events).

Why Business Resilience?

All organizations, of any size or type, anywhere in the world, face a wide range of risks which could cause them long-term harm, from financial penalty to reputational damage:

• Natural disasters

• Economic disruption and market turbulence

• Terrorist-related incidents and disruption

• Cybercrime and cyber terrorism (read more)

• Civil emergencies, strikes, and similar action

• Pandemic threats, including SARS and Avian Flu

• Compliance failures

• Disruptive technological advances

• Technology failure

• Supply chain failure

What is more?, any business that seeks competitive advantage must be committed to improving the performance of its procurement function

It was a challenge for companies to manage the risk of several of their vendors / third parties as the size of the company started to increase in terms of geography.

Organizations frequently rely upon 3rd party service providers to deliver a wide variety of services and other activities. These measures may result in activities being outsourced in their entirety, but they do not relieve the ‘hiring’ organizations of the responsibility for managing the activities and identifying/controlling the risks associated with the relationships.

• The key to the effective use of a 3rd party in any capacity is for the organization to appropriatelyassess, measure, monitor and control the risks associated with the relationship. Risks Relationships are Associated as the following: