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Conservative estimates of GRC software implementations place the cost at either $200,000 or 50% of total licensing costs, whichever is greater. Even when initial costs are low, many vendors make up for apparent price reductions with professional services, or customizations, required to make the product work. Professional services are so ingrained in the software landscape that many organizations now consider them a necessary evil if they are to reap the benefits of GRC.

But you shouldn’t be payin

Introduction to Risk  provides an introduction to the key risk, business resilience, and internal audit procedures issues facing banking professionals. It provides an understanding of risk assessment including operational risk, risk identification, risk assessment, risk mitigation, risk monitoring and control.

It details the nature and importance of third party risk policies, understanding the concept of a model risk policy and business resilience. It also covers the importance of business contin