IT systems are core to almost every financial services business, if one or more systems fail then firms stop working!
It is essential for financial services firms to identify the systems they operate, the resources required to maintain them and the checks/controls to ensure they operate as expected.
Regulatory expectations are expanding from vanilla “books and record” requirements and Disaster Recovery to include resilience, cyber-security and client data confidentially. It is no longer enough to hope your systems work, they have to be pro-actively managed.
GRC-Maestro supports IT Systems Governance with:
- Exception reporting: flag and report IT system issues as they occur, e.g. data errors, cyber attacks, bugs, etc.
- Scheduled reports: periodically check key information regarding the opperation of each IT systems
- Incidents: evaluate exception and scheduled reports to identify issues requiring investigation, evaluation and resolution
GRC-Maestro evidences to Regulators and Senior Management that your business has a thorough control over the IT Systems it relies on.