Thinking Beyond Conventional GRC: What’s Next - Governance, Finance, Risk, and Compliance (GFRC)?

Date: Thursday, April 30, 2015 | Time: 8 am PST| 11 am EST

Panelists

In association with

The traditional Governance, Risk, and Compliance (GRC) processes have facilitated financial organizations with the management of risks through organized and streamlined approaches and controls. However, an increasing number of incidents of compliance breaches and failures to ensure timely identification of risks across industries have questioned the effectiveness of the existing governance systems in enterprises.

Although conventional GRC programs take into account important parameters such as IT security, systems, processes, and controls, it often fails to focus on organizational psychology and human behavior. Linking existing GRC strategy with finance will widen the scope of GRC by including parameters such as conduct, capital, model, stress testing, and reputational risk management. Further, investing in advanced technologies such as social media monitoring, artificial intelligence, high-performance computing, and flexible data access will help organizations move beyond traditional GRC and establish a realistic methodology.

Join speakers Peyman Mestchian, Managing Partner at Chartis Research, and Mike Rost, VP of Marketing, MetricStream, as they discuss the highlights of Enterprise GRC Solutions - MetricStream Vendor Highlights Report published by Chartis in 2014

The speakers give insights on the following topics:

  • Significance for GFRC in today’s business
  • Demerits of conventional GRC model
  • Why invest on Next-Generation GRC technology?
  • Trends in GRC technology and key drivers in the market
Peyman Mestchian
Managing Partner Chartis Research

Mr. Mestchian is Managing Partner at Chartis overseeing research strategy, key commercial relationships and advisory services. His special area of interest and research is the application of information technology to risk management, and he is an established thought-leader and writer on the subject. Previously, Mr. Mestchian was a Director of the Business Risk Consulting Practice at Ernst & Young and Global Head of the Enterprise Risk Management Practice at SAS Institute. Mr. Mestchian is a Fellow of the Institute of Risk Management (FIRM).

Mike Rost
VP of Marketing MetricStream

With more than 20 years’ experience in assisting organizations in using technology to optimize business processes, Mr. Rost is a key contributor to the strategy of MetricStream and works with business leaders to promote the adoption of pervasive GRC. He has extensive experience working with internal audit, risk management, and compliance professionals and has been active with the Leadership Council and Technology Council of the Open Compliance and Ethics Group and with the Institute of Internal Auditors. Mr. Rost is an experienced speaker and presenter participating regularly in international conferences on the subjects of audit, risk, and compliance. He earned a bachelor's degree in economics and a MBA in marketing and finance from the University of Minnesota.

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