Governance, Risk & Compliance

Rethink risk and compliance to drive your strategy, capabilities and performance

Things go wrong. Major incidents and compliance failures can happen to any company in any industry – especially in today’s rapidly changing business and regulatory environment. While you can’t control every aspect of the future, you can think about risk in new ways to transform uncertainty into opportunity.

Get the feeling your current risk and control efforts are inadequate, or that your people are confused or not fully committed to your compliance endeavours? Do recent events suggest you’ve bitten off more risk exposure than you can chew? Adopting an innovative approach to managing and enhancing your governance, risk and compliance (GRC) activities can help you seize opportunities, stay a step ahead of uncertainty and empower your staff to meet stakeholder expectations.

PwC’s GRC team help many leading organisations capitalise on opportunities navigate risks and deliver lasting change through the creation of a risk-resilient business culture.

By helping you look at the different components and combining them into a holistic GRC approach, we can transform how you perceive − and capitalise on – risk. The result is sustainable business performance and greater clarity on the future.

How can we build trust in an increasingly digitised world? I believe in governance, risk and compliance (GRC) as the way forward for clients aiming to become a high-trust, high-performance organisation.

Michael Kuss Leader Governance, Risk and Compliance (GRC), Partner at PwC Switzerland

What we do for clients

We offer a range of services to help you transform your information governance from extra work and expense into a way of adding value:
 

Creating and sustaining effective corporate governance will generate a range of business benefits that combine to create greater trust, resilience and competitive edge. We help you realise these benefits by assessing the impact of new regulation on your business models and products and implementing the changes accordingly.

In Corporate Governance, we provide the following services to Board of Directors (BoD), Executive Committee (ExCo), Institutional Investors and everyone who makes organizational decisions:

  • Internal governance (control mechanism) gap assessment & benchmarking
  • Governance (control mechanism) system optimization/simplification
  • Incentive / consequences framework design
  • Review risk frameworks for due focus on stakeholder risks and opportunities, agreeing the appropriate level of oversight at board level
  • Corporate governance transformation: change program design and implementation.

 

Is there a disconnect between your corporate culture and your vision? Together with our People & Organisation (P&O) expert team, we help you empower your staff to act in alignment with your business goals and create the future you want for your organisation.

In Behavioural Insight & Optimizing Culture, we provide the following services to Board of Directors (BoD), Executive Committee (ExCo), Institutional Investors and everyone who makes organizational decisions:

  • Cultural assessment / benchmarking tools and services to define organisations existing culture and the behaviour of their staff
  • Delivery of supportive frameworks to promote cultural change in line with business goals and ideals
  • Ongoing monitoring and support in the process of cultural realignment, drawing on our extensive experience in a wide array of sectors.

 

In such turbulent and risky times you have to pursue two parallel strategies to remain competitive: 1) building agile and flexible risk management frameworks to anticipate and prepare for the shifts that bring long-term success; and 2) building resilience to enable these frameworks to mitigate risk events and keep the business moving toward its goals.

We help you do precisely this by deploying comprehensive strategies in covering everything from technology to talent, controls to compliance, and regulation to reputation.

In Enterprise Risk Manage-ment, we  provide the following services to Board of Directors (BoD), Executive Committee (ExCo) e.g. Chief Risk Officer (CRO) or Func-tional Heads of Enterprise Risk Management:

  • Articulate and understand risk appetite across organizations business
  • Access to latest technology/practices in managing risk (automation, optimization, simplification)
  • More effective/in-depth risk reporting (e.g. predictive risk)
  • Risk management aligned to goals and cultural ways of working
  • Evaluate, design and implement full ERM systems (framework & technology).

 

With growing regulation in the wake of the financial crisis, compliance officers have a huge job on their hands. They need to follow complex new regulations, manage risks (both perennial and emerging) and support management with strategic decisions.

We help organisations assess their current state of compliance and deliver complex compliance programmes, or support them with our managed compliance services.

In Compliance, we provide the following services to Board of Directors (BoD), Executive Committee (ExCo) e.g. Chief Risk Officer (CRO), Chief Compliance Officers (CCO) or Functional Heads of Compliance:

  • Compliance program maturity/gap assessment & remediation
  • Compliance framework design and implementation
  • Compliance risk and control optimization (automation, simplification), monitoring, training
  • Policy governance
  • Third-party compliance program development
  • Regulatory health checks & deep dives.

 

Creating comprehensive and supportive governance, risk and control frameworks is crucial as you expand your services, grow and evolve. But with uncertainty increasing, you have to do so proactively to manage risk and realise opportunities that align with the needs of your stakeholders. We provide valuable support with implementing effective governance, risk and control frameworks to facilitate this process.

In Governance, Risk & Control Frameworks, we provide the following services to Board of Directors (BoD), Executive Committee (ExCo) e.g. Chief Risk Officer (CRO), Chief Compliance Officers (CCO) or Functional or Business Heads:

  • Governance frameworks
  • Risk assessment & monitoring
  • Control environment support
  • Technology-enabled solutions
  • Training and engagement.

 

With your operational and financial performance under huge scrutiny, you’re under pressure to streamline your front-to-back processes and ensure your control environment reduces risk. Examining, standardising and aligning your control structure with best practice will enable you to negotiate key developments in your business. We help you understand how and where to enhance your process and controls environment to boost your overall performance and manage your exposure to risk.

In Front-to-back Processes and Controls, we provide the following services to Board of Directors (BoD), Executive Committee (ExCo) e.g. Chief Risk Officer (CRO), Chief Compliance Officers (CCO), Functional or Business Heads:

  • Provide a clear outline of existing processes in your business' structure
  • Automated mapping and process optimisation review tools allow for real-time mapping to identify control gaps
  • Provide a focus on controls optimisation to ensure cost-effective performance enhancement.

 

We help you assess and implement GRC tools that will enable you to align, communicative, coordinate and report on your GRC endeavours on a consistent, consolidated basis throughout the organisation.

In GRC Technology, we provide consulting services to head competence center SAP, compliance managers, internal control specialist, and security officers in:

  • SAP compliance & security assessment & monitoring
  • SAP GRC technology solution assessment & implementation
  • GRC technology solution assessment & implementation
  • GRC technology rulebook design & implementation
  • GRC technology training and engagement.

 

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Contact us

Michael Kuss

Partner and Leader Governance, Risk and Compliance, PwC Switzerland

Tel: +41 58 792 15 09