🚀 GRC in Action: Connecting Theory to Reality 🚀
As part of my GRC studies with Inegben Academy, I'm applying the OCEG Red Book framework to real-world challenges. 1. Third Party Risk Management TPRM Why this topic? It's one of the hottest, most tangible, and highest-impact areas in modern GRC. It sits at the intersection of cybersecurity, compliance, operational resilience, and reputation. The OCEG "Red Book" (GRC Capability Model) addresses this under components like "Manage Risk" (PRC Module) and "Objectively Verify & Review" (VV Module) concerning vendor assurance. 2. GRC Work Environment Project: "Implementing a Risk-Based Tiered Approach to Vendor Due Diligence" This isn't just a policy document; it's an operational project. Project Objectives: Categorize Vendors: Develop a methodology to tier all third parties (Tier 1 - Critical/High Risk, Tier 2 - Medium, Tier 3 - Low). Criteria include: data access, financial impact, integration with core systems, a...