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- GRC for Banking and Financial Services
- Who it's for
- Lending operations
Lending operations
A lending operations team can use the assessment record to define a period and business unit, then select controls linked to that unit's risks. Each test keeps its sample size, exceptions, result and evidence reference. Findings remain connected to the tested control and assessment, which matters when the team revisits the same process in a later cycle.
How GRC for Banking and Financial Services is set up for you
Named scope
State the lending unit and assessment period before planning tests.
Observed sample
Record the tested sample and exceptions so a result can be checked.
Assigned correction
Give the finding an owner, due date and evidence of the response.
Separate outcome
Let an Independent Reviewer retest before closing the finding.
A lending operations team can use the assessment record to define a period and business unit, then select controls linked to that unit's risks. Each test keeps its sample size, exceptions, result and evidence reference. Findings remain connected to the tested control and assessment, which matters when the team revisits the same process in a later cycle.
Start with one lending assessment and a control whose owner can explain its current procedure. Agree the expected sample, evidence location and severity criteria. Record a passing test with a valid evidence reference, then a failed test with a specific exception description. The action owner submits the correction; a separate reviewer records the retest result and evidence.
Review the assessment revision before a decision. A decision to approve or return a review addresses that submission, not every open finding or later version of the assessment. If a retest fails, the finding stays open and the team plans another response. Keep the original failed result available for the next cycle's comparison. Ask the action owner to explain the due date and supporting evidence, then ask the reviewer to locate the earlier test and state why the new result supports the decision.
Features to start with
Roles on the team
- Admin
- Configures organizations, membership and access for the GRC workspace.
- Assessment Owner
- Scopes assessments and coordinates control testing for an assigned business unit.
- Control Owner
- Maintains owned controls and supports the evidence used for testing.
- Remediation Owner
- Plans and updates corrective action work against assigned findings.
- Independent Reviewer
- Records retests and review decisions separately from preparation and remediation.
- Risk Manager
- Maintains business-unit risk context and reviews the linked control estate.
Set up GRC for Banking and Financial Services your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.