The future of Risk and Compliance: New Game – New Rules – Sverre Danielsen

The future of risk management will look dramatically different than the current risk capabilities many are familiar with. Business units will have clear ownership for the risks that they take. Conduct and culture management will be pervasive throughout the organization. The role of the risk management function will also be clear — oversight and challenge. The risk function itself will be streamlined and much slimmer with a rationalized risk infrastructure that uses location and delivery models for cost optimization and leverages the power of digital for both efficiency and effectiveness. How do companies manage this transition and how can GRC Vendors play a vital part in helping them succeed?