Insights to Navigate Risk
Explore in-depth whitepapers from Empowered that tackle today’s most pressing GRC challenges. Each resource is designed to help you cut through complexity, understand emerging trends, and make informed decisions with clarity.
Build vs Buy: Evaluating Your GRC Solution Strategy
Organizations today face increasing regulatory requirements, expanding
operational risks, and evolving third-party dependencies. As businesses
strive for a holistic and agile GRC approach, one key question arises: Should we build a GRC solution in-house or invest in a purpose-built platform like the Empowered Platform?
The Hidden Risks in Policy Management
Organizations often struggle with outdated, inconsistent, and unenforced policies, leading to hidden compliance risks that can result in legal penalties, security breaches, and operational inefficiencies. Outdated policies fail to align with evolving regulations, inconsistent policies create
confusion across departments, and unenforced policies undermine corporate governance, increasing the likelihood of ethical lapses and
fraud.
Complying with Canada's E-23
OSFI’s E-23 guideline sets Model Risk Management expectations for financial institutions, focusing on governance, validation, data integrity, and ongoing monitoring. Compliance challenges include resource constraints, AI model risks, and regulatory alignment. Best practices involve structured MRM frameworks, automated validation, and regular audits to ensure model reliability and regulatory adherence.
Harnessing AI for Internal Audit
AI is transforming audits by automating tasks, improving accuracy, and detecting risks in real time. Traditional audits face inefficiencies and compliance challenges – AI streamlines processes, enhances fraud detection, and predicts risks before they escalate. To future-proof audit functions, organizations must adopt AI responsibly, upskill teams, and integrate smart analytics. The future of auditing is AI-driven.
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