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- GRC for Banking and Financial Services
- Who it's for
- Retail banking teams
Retail banking teams
A retail banking team can organize assessment work by legal organization, operating unit and period. Risks belong to a business unit, controls have owners, and individual tests provide the result and evidence. This gives a reviewer a path from a sampled activity to any resulting finding. The team decides its own control scope and severity policy before the first assessment cycle.
How GRC for Banking and Financial Services is set up for you
Operating-unit scope
Keep each assessment tied to the unit actually examined and its named owner.
Control ownership
Assign control owners who can explain the activity and its effective date.
Exception follow-through
Carry failed or inconclusive tests into findings, dated corrective actions and separate retests.
Evidence audience
Decide which assessment attachments are Internal and which may be Shared.
A retail banking team can organize assessment work by legal organization, operating unit and period. Risks belong to a business unit, controls have owners, and individual tests provide the result and evidence. This gives a reviewer a path from a sampled activity to any resulting finding. The team decides its own control scope and severity policy before the first assessment cycle.
Choose one operating unit and one bounded review period. Load its organization, team members, risks and active controls. Prepare a small set of tests that represent the unit's actual work. Use one clean result and one exception to rehearse the difference between Pass and Fail. For the exception, assign an action and ask a different reviewer to retest it. Inspect the source test, action evidence and closure result together.
The Operations Overview can help owners find failed tests, pending review decisions and failed operations. These queues represent different kinds of work. Agree who investigates each one before expanding the scope. Preserve the first period's evidence and decision reasons so a later review can compare outcomes without rewriting history.
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.