Governance Risk and Compliance Officer: Ask This;

Governance Risk and Compliance Officer: Ask This;

TLDR: Ask This;

1. Have you assessed the impact that the regulatory change will have on your business including governance, compliance and risk management frameworks?

2. Do your cloud providers implement governance risk management and compliance GRC well?

3. How does compliance with a particular external governance requirement impact organizational risk and value delivery?

4. Does your organization have a formal contract risk compliance program?

5. How does your organization currently oversee compliance against risk and hedging policies?

6. What is your business groups/departments use of risk and compliance management software applications?

7. Do you have the compliance controls in place to enable managing data to reduce risk and increase value?

8. Which companies are the main competitors in the GRC governance risk and compliance software industry and what are respective strengths and weaknesses?

9. How does your organization ensure effective governance and compliance whilst managing the risks of cloud computing?

10. How will the increased needs for risk management and compliance be addressed?

11. Does your department or organization have a formal enterprise risk management program?

12. What are the systems that are currently used to manage compliance and risk management activities?

13. Does your organization have a comprehensive risk management program for third parties?

14. Is the current risk management process focused too heavily on operational or compliance issues?

15. Do investments in IT enable risk management and compliance requirements to be met?

16. Have some governance, compliance and risk management practices become a hinder rather than a help?

17. How can operational risk management principles be leveraged to improve corporate governance, compliance and reputation management?

18. What are the key elements of a cyber risk governance and compliance framework?

19. Is identity and access governance an integral part of your compliance and risk strategy?

20. How it governance, it risk management and it compliance could be integrated?

21. Do you have clarity regarding roles and responsibilities for risk and compliance requirements?

22. Will future internal auditors require risk management and compliance training?

23. Why are governance and culture essential for effective regulatory compliance risk management?

24. What are the highest impact actions that will overtly demonstrate a strong and significant governance, risk and compliance culture?

25. Is your organizations investment in compliance capabilities consistent with its compliance risk exposure?

26. Is your risk & compliance function sufficiently robust to challenge the business effectively?

27. Do your organizations management information systems capture and provide reliable, timely and relevant information sufficient to support effective enterprise risk management?

28. Are there policies that guarantee security governance and risk management of software applications?

29. Does the customer have governance and compliance processes in place for the use of cloud services?

30. How effective is your organization in terms of risk management and governance, and where do you need to improve?

31. Do you have the right security and risk management solutions in place?

32. How does a risk impact your organizations ability to achieve its strategy and business objectives?

33. How important is to ensure that effective governance, risk and compliance processes exist?

34. How does your organization effectively manage operational risk in a volatile environment?

35. Does the audit committee understand the key components of your organizations risk management framework?

36. Do you have an effective integrated software solution for managing and reporting compliance, ethics, governance and risk issues?

37. Do your current risk and compliance operations meet your current and future requirement needs?

38. Do you have an internal governance system for monitoring and avoiding risk and compliance?

39. What is the level of maturity of the governance, risk and compliance framework in your organization?

40. Are you confident that risk responses and compliance activities are optimized across your organization?

41. Do you have a defined governance structure for vendor risk management?

42. Has the trustee considered separating responsibility for risk and compliance into a different committee?

43. What is the relative significance of reputational risk and peer competition in driving compliance with a non punitive corporate reporting requirement?

44. Does every risk in your risk plan have an owner in the governance structure?

45. Which smart grid focus areas are considered to be top priorities at your organization from a regulatory compliance and governance perspective?

46. How well is the function managing risk and any compliance requirements?

47. Have the implications for risk and compliance been taken into consideration?

48. What are best practices for managing compliance risk with regards to the cloud?

Organized by Key Themes: SECURITY, MANAGEMENT, RISK, DATA, COMPLIANCE, PRIVACY, TECHNOLOGY, GOVERNANCE, AUDIT, PROCESS:

SECURITY:

How to deliver effective delegation of duties to provide a clear pathway to good governance and transparent decision making?

Assure your strategy works in close collaboration with Cyber risk leadership team to develop Cyber security target state architecture and solution vision, ensure architecture alignment of Enterprise strategies to Cyber risk management capabilities, and design and implement Cyber risk solution implementation governance process that ensures architecture alignment through design, implementation and operational phases of the solution. 

Have you reached a point when some directors and boards and some governance, compliance and risk management practices have become a hinder rather than a help?

Guarantee your process topics include the fundamentals of cybersecurity practices and principles; enterprise IT governance processes and security controls; data security; the information life cycle; intellectual property protections; privacy laws and regulations; security education, training, and awareness; and the need for cooperation and collaboration between business units and the organizations cybersecurity program. 

What happens after the evaluation of design and operating effectiveness is completed?

Ensure information security governance and risk management activities align with strategic business initiatives, achieve business and quality objectives, mitigate risk and enhance operating procedures. 

Does your organization regularly include risk evaluations as part of its financial processes?

Ensure your Technology Risk Advisory services include IT strategy and governance, IT risk assessment, IT audit, cybersecurity, cloud security, privacy and data protection, systems pre- and post-implementation controls evaluation and advisory, systems development life cycle controls assessment, data governance and analytics, RPA (robotics process automation), disaster recovery, SOX and IT project risk management. 

Do credit limits changes pile up, slowly and surely, to a dangerous level?

Lead cyber strategy and participate in the strategic planning for the design and implementation of an Enterprise Information Security Management Systems (ISMS) which includes appropriate policies, procedures, operational considerations, IT change control, and IT risk and compliance management programs. 

How does an integrated GRC infrastructure approach support your risk philosophy?

Make sure the IT Security Compliance specialization works with the Information Security Compliance team and your organization to support the security risk management program. 

Where might you be if risk management had focused more on the support of innovation and entrepreneurship?

Make sure your operation expands its knowledge in areas such as IT governance and planning, application systems development, general support and business system operations and maintenance, information security and privacy program management, network administration and database management. 

Are there delivery and invoicing tolerances, possibly at an unlimited level?

Check that your personnel is working with other functions, develops governance control programs including information security, business resiliency, data governance, data privacy and other various risk areas. 

What is one way that the trend toward protecting the environment has a negative effect on many businesses?

Be sure your team has knowledge and involvement in the implementation of governance frameworks and security risk management processes as NIST, ISO, COBIT guidelines and standards. 

Does the board have an effective procedure in place for ensuring compliance with legal, financial and record keeping requirements?

Establish processes to support the controls and ensure that information security risk impact assessments and risk mitigation strategies are implemented throughout the organization with a specific focus on ensuring proper implementation of product features. 

MANAGEMENT:

How do you see compliance and sustainability being embedded in your business?

Manage the development of operational risk policies and procedures, governance framework, risk assessment, risk screening and risk mitigation, produce gap analyses, business process analyses and strategic process improvement, provide change management leadership, develop comprehensive internal audit plans including clear scope, objectives, and milestones to evaluate efficiency and effectiveness of the control infrastructure and to strengthen process, system, and governance controls and frameworks. 

How do you operate a consistent approach to reporting compliance management information across the business?

Make sure the Manager, Enterprise Security Risk Management is responsible for developing the security governance and risk management strategy; overseeing specific aspects of the security program; coordinating and directing implementation activities; and monitoring and reporting program status. 

Does the tool/process/service/system have the ability to monitor or audit for compliance with the identified policies?

Make sure the Business Risk Office is responsible for risk governance and oversight; execution and management of business line procedures; business unit training program; execution of a robust controls testing program; and risk identification and remediation program for self-identified, internal and external issues in keeping with corporate tools and methodologies. 

What progress has been made in developing good practices in areas as governance, regulatory compliance, risk, sustainable business models, financial reporting, transparency and leadership?

Assure your staff aims to identify and manage existing and emerging risks and integrate risk management strategies and educate risk owners across the enterprise on information security requirements and best practices. 

How are senior leaders accountable for fostering a culture of compliance in the performance goals?

Establish that your strategy provides ongoing, independent oversight of complex business continuity compliance activities and recovery management governance for the enterprise and in preparation for potential crises that may lead to a disruption to normal business operations. 

How should the findings be considered by the responsible authority in the decision making process?

Make sure the objective of the Technology Governance Strategic Initiatives team is to ensure that a risk management lens is applied, and the appropriate controls are being considered in the context of these multi-phase complex initiatives. 

How do you most effectively support your program leadership?

Guarantee your organization is using digital transformational processes and constructs you work with business entities consuming technology resources and support efforts to perform risk assessments, application prioritizations, disaster recovery and incident management to support technology governance. 

Who is responsible for overseeing how your organization responds and what does governance involve?

Make sure your organization facilitates the development process by performing preliminary reviews and coordinating information for management agreements, technical services agreements and other related agreements, checking for compliance with company policies, entering and auditing data regarding contractual obligations, and overseeing dissemination of information to appropriate departments. 

Do you conduct external audits regularly as prescribed by industry best practices and guidance?

Check that your staff assess and propose opportunities to enhance risk management processes and controls improvement, and provide guidance to business on design and application of key controls, procedures and best practices. 

Do your organizations management information systems capture and provide reliable, timely and relevant information sufficient to support effective enterprise risk management?

Support governance and risk management activities including Policy Management, Enterprise Risk Management, Business Continuity Management, and Third Party Risk Management. 

RISK:

What role does a board need to play in ensuring compliance with the prudential framework?

Verify that your staff is helping to ensure the risk management processes align with Business and Information Security objectives while ensuring policy and process compliance. 

How frequently does the internal audit function perform in your organization?

Make sure the Business Risk and Control Officer is responsible for monitoring and reporting on the impact of decisions and controls to the relevant business group and enterprise function and supporting interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management leaders for moderate to high risk and complex enterprise risk programs. 

Do you spend too much time on transaction processing and too little on decision support?

Liaise with business unit, function and regional leadership and their core delegates to expand risk management capabilities, ensure appropriate governance structure and risk culture, and guide risk management solutions and activities across your organization to help support business objectives. 

How will you audit compliance with your model governance policy and procedures?

Manage and deliver complex engagements and projects that involving strategy, implementation, support, security control assessments, risk management methodologies, software/hardware optimization related to cyber security, IT operations, business processes, business resiliency and data integrity for State and Local organization (internal) clients. 

How do you identify and develop responsible products and services?

Certify your organization has involvement as a vendor manager working directly with vendors to monitor and manage vendor performance and risk and/or working in a vendor management office setting to develop and oversee an enterprise governance and oversight program for third-party vendors. 

Are your customers and partners demanding that you have a disaster recovery plan?

Lead a TPRM Governance and Reporting team that executes on key policies and procedures in accordance to the Third-party Risk Management (TPRM) program and partner with other SMEs as well as ORM to ensure organizational governance. 

What benefits do the identified stakeholders expect from GRC activities?

Lead the development and implementation of the system wide risk management function of the information security program to ensure information security risks are identified and monitored. 

How to coordinate the collaborative and monitoring uses of an inter organizational system?

Manage ongoing oversight and monitoring controls over business unit service provider monitoring activities, in the context of the Enterprise Vendor Risk Management governance program. 

Does your organization have established training for the identified risk, project, or area?

Perform and lead risk management assessments and data security governance reviews for internal applications, infrastructure and service providers utilizing established IT risk assessment frameworks and assessment programs. 

What suggestions do you have for how the regulatory compliance burden can be reduced?

Safeguard that your staff assists with providing advice to information governance or security teams that enables them to suggest informed risk management decisions. 

DATA:

What are the limitations of current approaches to governance, risk and compliance GRC?

Liaison so that your organization is involved in data governance practices, business and technology issues related to management of enterprise information assets and approaches related to data governance. 

What type of information does your organization maintain about itself and others?

Develop and maintain collaborative partnerships with business and technology leaders across all business units, the risk and compliance teams, enterprise shared services and key stakeholders to ensure a strong understanding and adoption of the standards and expectations of the enterprise data program. 

Do your current risk and compliance operations meet your current and future requirement needs?

Make sure your strategy is accountable for risk identification, development and prioritization of sensitive data and information governance policies, strategies and initiatives to meet regulatory, and business requirements. 

Is your organization properly managed and does it have sound governance?

Work with Legal, Compliance, Information Security and Enterprise Architecture teams to ensure you have the proper technology, systems and policies to meet data protection requirements and minimize risk and liability of improperly managed information assets. 

Do you manually work around legacy systems that cannot fully address new reporting requirements?

Operationalize the development of corporate data governance frameworks and ensure data and reporting are in compliance with information lifecycle and security policies. 

What can internal audit access and how does internal audit maintain confidentiality?

Build and maintain data governance policies playbooks processes procedures for guiding various data management processes including data security and privacy data quality control and data dissemination activities. 

Does the solution allow for continuous evaluation of the managed systems?

Make sure the Privacy Program is responsible for development of privacy standards, policies, and processes to ensure effective and efficient data privacy governance across the organization, and compliance with state and overarching regulations and statutes. 

What dimension of risk involves measuring the likelihood that an event will occur?

Define and implement a data governance program that outlines the guiding principles for how the organization acquires, transforms, accesses, and uses data allowing for traceability from business goals down to services and key performance indicators for measuring the results of data services. 

Does your cloud roadmap address security, compliance, and governance requirements?

Partner with Business and IT Stakeholders to develop Data Governance Roadmap, including enterprise wide Data Quality Framework and an Information Model. 

What are better practices you have observed for assessing compliance risks?

Make sure the Data Governance Analyst acts as a liaison between business functions, Information Technology (IT) and leadership, providing guidance and direction for enterprise data governance framework and best practices. 

COMPLIANCE:

Are you planning to leverage a suitable technology tool to monitor internal controls?

Oversee site compliance with the Quality Management System and regulatory requirements pertaining to data governance, including the development of indicators that monitor data governance processes and performance at the Site level. 

How do you leverage your investments in risk management, internal control, and data management and analysis?

Invest in implementation of operational and governance requirements for key control activities to ensure compliance with regulatory, legal, corporate, and business unit policies and procedures. 

What are the accessible technologies aimed at ensuring encryption and key administration?

Be sure your workforce is responsible for leading the implementation of the data integrity culture and strategy and data governance framework and processes for the site and ensuring compliance with all applicable regulatory requirements at the system level. 

What metrics do you use to track employee awareness and compliance with cybersecurity policy?

Support the (internal) client to set strategic goals related to the development, execution, and governance of business continuity, resiliency and recovery management to ensure compliance with a robust resiliency framework. 

Does the service provider allow customers to implement your organization continuity plan?

Interpret organization and program requirements, support the development of Mission Assurance plans and process specifications, and implement the program strategy through environmental and design requirement specifications necessary to ensure compliance with all company and organization requirements. 

What can a leader in information management do to tackle issues involving people and organizations?

Assure your operation leads and conducts assesses for compliance and governance requirements based on standard programs to lead your organization in meeting business needs. 

Do you change the way people work, so that the digital transformation advantages can be realized?

Partner with IT Infrastructure and IT Business Systems team to design governance and compliance initiatives around Change Management, Systems Implementations, and Asset Governance programs. 

How do you manage compliance costs?

Work with leadership to identify opportunities where information quality services can improve operational business process efficiency, reduce costs, and reduce regulatory compliance risks and penalty costs. 

Do you have an effective integrated software solution for managing and reporting compliance, ethics, governance and risk issues?

Foster develops remediation action plans to enable IT Controls and Quality Governance Team to provide attestation of CPM Program Compliance; also for managing responsibility of reporting of common control procedures and effectiveness. 

Are the terms of the policies long enough compared to the risks involved?

Warrant that your organization is involved in vulnerability and compliance assessment tools, data governance and compliance frameworks such as HIPAA, SOC2, ISO 27001, ISO 27018, NIST 800-171 and 800-53, FedRAMP, HITRUST and PCI DSS. 

PRIVACY:

How can operational risk management principles be leveraged to improve corporate governance, compliance and reputation management?

Consult the business on suggested employee training, select vendors and manage content for applicable privacy, data security and information governance issues. 

Are any strategic, operational, reporting, or compliance objectives at risk?

Lead or direct the development and implementation of regional or business unit corrective action for identified gaps, privacy incidents or breaches; provide routine remediation status reporting for management and governance oversight. 

Do you conduct internal audits regularly as prescribed by industry best practices and guidance?

Ensure your group works closely with stakeholders to lead and/or operationalize relevant projects to enhance practices and processes related to privacy, information security governance and records retention. 

Do you have password policies for enterprise issued mobile devices and/or BYOD mobile devices?

Make sure the Windows, Browsers and Devices Privacy Governance Team is chartered with maintaining policy and systems infrastructure, as well as building tools and processes that enable the different aspects of privacy and data review, supporting engineering teams across your organization. 

Is appropriate protection given on the IT assets provided by service vendors?

Ensure your team improves how your organization monitors and uses information, measures information regulatory compliance adherence, maintains effective information privacy policies and conducts risk assessments. 

What data sources should be considered when developing a methodology to assess country risk?

Develop and maintain a privacy governance framework to manage data use in compliance with applicable data protection regulations, including developing policies and standards for data collection. 

Does the tone from your organizations leaders convey expectations on ESG?

Lead all privacy and security governance efforts to ensure alignment of the privacy and security program to the needs of your organization as well as legal and regulatory requirements. 

Is the balance in the role of finance between maintaining control, driving efficiency and providing insight right?

Make sure the Privacy Analyst is responsible for assisting with or completing initiatives that relate to maintaining a privacy and data security governance program, as. 

Are all relevant individuals involved in the project and aware of the modelling that you are undertaking?

Liaison so that your company is involved in privacy management or privacy operations or a related function as data governance or regulatory compliance. 

Are pricing and discounts on purchase orders accurate and in line with the contract?

Make headway so that your group is understanding reputational risk mitigation, emphasizing you and international Privacy, Data Protection and Information laws and understanding the privacy risks impacting a particular industry;. 

TECHNOLOGY:

Does the vendor have adequate disaster recovery programs that meet your objectives and tolerance for risk?

Partner with the Business Process Leads and Business Technology leaders to set data governance standards for the entire organization that meet the needs of the collective business groups. 

Does the resource management plan include a personnel development plan?

Support efforts to turn leading edge concepts into the delivery of efficient, innovative, technology based solutions to include risk analysis and IT security compliance to address user business needs. 

Are responsibilities for identifying regulatory risks within the business clearly allocated?

Check that your operation is continuing to grow established IS project and data governance practices that engage the community in transparent and inclusive processes to determine how information technology resources should be allocated. 

What are the feasible technologies for ensuring application and platform security?

Make sure your organization follows the IT governance process for technology projects, ensuring that project goals and decisions are based upon business priorities. 

Do you experience recurring concerns with internal controls and internal audit findings?

Ensure that business units, technology teams and third parties (service providers) follow Aligns program, implement measuring procedures to verify the extent in which these stakeholders meet governance policy requirements and address concerns. 

Do you have visibility of and analyze your suppliers risk, qualifications, and compliance?

Participate as a member of the Technology Division management team that is responsible for defining the governance processes of your organizations infrastructure and applications. 

Does the board hold management accountable for achieving desired results?

Guarantee your team drives the development of enterprise technology policies, standards, and governance processes to ensure IT delivers value to the enterprise. 

Do your governance systems and culture support implementation of your strategy?

Ensure you work to protect the information assets of your organization and support the information technology governance policies and processes, compliance. 

What is the overarching governance framework for adoption of RPA and alignment to risk, compliance and IT/data frameworks?

Make sure your design acts as top consultant on activities and functions relating to business process analysis, organizational analysis, needs assessments and cost/benefit analysis to align information technology solutions with business strategies and directions. 

What is your number one piece of advice for other governance, risk and compliance professionals?

Secure that your design advises project teams and proposes solutions for complex and/or technical information governance and/or information technology issues. 

GOVERNANCE:

Have some governance, compliance and risk management practices become a hinder rather than a help?

Ensure your team oversees the compliance with enterprise technology standards, governance processes and performance metrics to ensure IT delivers value to your organization. 

How can the executive define and communicate the spreadsheet risk management requirements?

Maintain strong, collaborative partnerships with key stakeholders across the business functions and corporate areas involved in vendor governance related efforts and communicate third party information across the organizational lines where beneficial to the enterprise. 

What scenario planning or other models are used in setting the risk appetite and tolerances?

Make sure the MRM Team independently validates and challenges newly-developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; and escalates model use breaches and remediation plans to relevant governance committees. 

What are the challenges/barriers to realising value from GRC convergence?

Secure that your team is providing oversight and governance for new project acceptance into the Isolated Recovery program to ensure the architectures being developed adhere to the operational resilience standards and support the Isolated Recovery policy requirements for resiliency. 

How do you ensure that control issues are resolved and closed within an acceptable timeframe?

Provide strategic oversight and guidance to internal stakeholders on matters related to sourcing strategies, monitoring of key business relationships, formal governance implementation and providing controls over external vendors and internal affiliates. 

Do you review all agreements, policies and processes at least annually?

Make sure the IP CTS works closely with other organization departments including Information Governance and Business Intake and Conflicts to facilitate the necessary transition and file review processes. 

Is it a regular item on the agenda of the board, and is it addressed in a structured manner?

Make sure the development, maintenance and implementation of your organizations corporate governance policies and compliance programs, including matters relating to insider trading, Sarbanes-Oxley, business ethics, FCPA, related party transactions, etc. 

Have you identified critical success factors, relevant performance measures, milestones and risk tolerances for the achievement of your organizations strategic objectives?

Manage the development of metrics for your organizations RIM program and ensure sound information governance and accountability measures are in place. 

What are the key challenges you are facing in developing and embedding a compliance culture?

Certify your process has involvement developing and implementing Business Continuity programs and/or Disaster Recovery programs, implementing policy and/or governance programs. 

How does your organization reduce its oversight costs for lower risk relationships?

Define and build core capabilities focused on supplier risk categorization, contract centralization and supplier governance resulting in action plans to streamline processes and control and reduce overall supplier costs. 

AUDIT:

Do you have an internal governance system for monitoring and avoiding risk and compliance?

Make headway so that your personnel leads the cross-portfolio risk assessment process for internal/external audit programs, enterprise-wide risk management (ERM) processes, corporate governance and internal control systems, and making risk-tailored recommendations for continuous monitoring, supervisory events and event staffing. 

Are you looking to achieve efficiencies to lift the burden of compliance?

Assure your staff Projects/engagements include performance/leading of assurance or consulting audit engagements to assess the internal control environment, including Sarbanes-Oxley (SOX) financial control reviews, adherence to policies and procedures, compliance with regulations, accountability for assets, data loss protection, operational efficiencies, appropriate governance activities and fraud detection/deterrence. 

How is information and developments for identified risk, project, or area communicated?

Recommend improvements that add value to risk management, internal control, governance and technology processes and communicate control findings to process owners/audit (internal) clients. 

Are policies and the code of conduct translated into appropriate languages for organization?

Support the Quality Governance and Risk Assessment team in the creation and maintenance of project study plans while preparing for and after audit conduct of investigator site audits. 

Does your cloud strategy and roadmap sufficiently address governance, security, and compliance requirements?

Make sure the VP Internal Audit partners with management on your organizations Enterprise Risk Management program and advises on overall organization governance. 

How do you create a system that aligns with corporate objectives while considering associated risks?

Liaison so that your company provides recommendations for any changes to the governance and reporting framework that guides and supports your organizations audit and compliance program. 

Is the tool/process/service/system in scope for any third party/independent audit or assessment?

Plan, lead, execute, and report on medium to complex IT general and application control audits, IT security and governance reviews, and drive control/process optimization to assess existence, effectiveness, and efficiency of the IT control environment. 

Is there a mapping of operational or management responsible for championing compliance?

Be sure your company assists internal audits with periodic reporting, development of project plan, championing internal control and corporate governance concepts throughout the business. 

What are the options available to optimize efficiency of compliance, risk and internal audit in your organization and avoid redundancy?

Lead proactive readiness- assessments (platforms, tools, applications) to ensure controls are suitably designed and placed in operation, and that appropriate governance is in place to avoid impacts to external audits. 

Does senior management actively support the anti fraud program efforts?

Guarantee your group plan, execute and deliver audit testing and relevant documentation in support of IT and integrated audit assignments, including IT Audit assurance and advisory engagements, as well as deliver ITGC, automated control and key reports testing with priority in support of your organizations annual SOX audit. 

PROCESS:

How effective is your process for identifying, assessing and managing business risks?

Ensure your organization areas of responsibility include managing and performing internal assessment projects as well as control design; especially in the business (non-IT) areas to strengthen the overall corporate Governance and to identify process improvement opportunities. 

Has a provision been made to reassess project risks at various project stages?

Support governance models, process, methods, tools and training to enable your organization to adequately assess the resilience and ensure effectiveness of Business Continuity Program and controls. 

Have project management standards and procedures been identified / established and documented?

Collaborate with the monitoring and compliance of the different components of the Data Governance Policies, Standards and processes across the organization, and the remediation plans to address identified gaps, including responses to internal audits. 

Does your organization meet its legal/regulatory compliance obligations?

Confirm that your design is managing and communicating process and business requirements to the delivery team as a bridge to ensure that the proposed solutions meet the (internal) customers expectations. 

Will the tool deliver the required outputs, with appropriate access where required?

Ensure you deliver positive relationships on a structured sourcing and contracting process from figuring out needs, vendor assessment, issuing and evaluating RFPs, vendor selection, negotiating and completing agreements that mitigate risk and deliver business value throughout the life of the contract. 

Is your nonfinancial performance revealing the true value of your business to investors?

Make sure your strategy is accountable for facilitating and managing the operations of the Information Protection Governance Team, including identifying and executing ongoing process improvements. 

What is happening to the impact of financial deepening on economic growth?

Establish account plan processes and governance structure that ensure effective account strategies and performance through facilitating a culture of continuous improvement by identifying and executing on improvement opportunities that enhance the processes and deepen (internal) client relationships. 

Is it on purpose that there is no further guideline regarding compliance function?

Be certain that your team manages the relationship governance process to ensure compliant operations and monitors fulfillment of contract obligations. 

What are the key trends and insights that are relevant to your organization?

Secure that your personnel produces and communicates analytical content for considerations with cross functional teams, governance committees and business process owners to influence business strategies. 

What is your general knowledge about risk based regulatory frameworks?

Oversee the coordination and execution of external and internal audits and communicate the outcomes of those audits to business partners and executive leadership to include providing guidance on how to improve current processes or the creation of new processes to ensure continued success on future audits.