Quantivate Blog

Governance, Risk & Compliance (GRC) Education and News

What’s Your Risk Management Personality?
Quantivate’s own Director of Product Management, BJ Hillabush, offers a fun take on risk and compliance management through the eyes of popular Disney movie characters.
As a member of the product team at Quantivate, I spend a large portion of my time speaking with governance, risk, and compliance (GRC) professionals. One thing has become abundantly clear to me: being a risk executive is not an easy task. The…
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New Precedents Mandating Strengthened Anti-Money Laundering (AML) Compliance
AML compliance
“Failed to establish and implement automated systems to monitor and report activity” and “unreasonably relied on manual review.” These were the words of the U.S. Securities and Exchange Commission (SEC) in an alert to financial institutions signaling that it is ramping up enforcement of anti-money laundering (AML) compliance requirements. It would seem that financial services firms using manual methods for compliance management and monitoring are not only punishing themselves with cumbersome ways of managing…
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Cultivating a Risk Culture | Part 2: Internal Factors
building a risk culture
The events of 2020 made it clear that risk management must not only be a priority at the management level, but also interwoven into the culture of the whole organization. There are many factors to consider when building a risk culture within your organization, both internal and external. Part 1 of this series discussed the most critical aspect of this initiative, the people. In this article, we’ll dive into the other internal factors institutions need to consider.   Internal Factors for Building a Risk Culture…
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Business Continuity Maturity: Resilient or Reversing?
business continuity maturity
Business continuity maturity and operational resilience took the spotlight in 2020 as organizations scrambled to get their plans in order and updated with pandemic response policies and procedures. But has this extra attention helped increase continuity program maturity and the ability to address operational risks? Taking the Pulse of Business Continuity for 2021 In the “State of Business Continuity Preparedness” survey conducted by the Disaster Recovery Journal (DRJ) and Forrester during the last quarter…
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Cultivating a Risk Culture | Part 1: The People
risk culture
The events of 2020 highlighted risk management in a way that no other situation could. Organizations were tested from all fronts in many ways, be it internal challenges with migrating to remote work or external challenges such as increased cybersecurity and third-party risk. Not a single business was left unscathed. The most important thing is that we learn from these events.   Why is risk culture important? One important lesson we can take away is: we…
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