01
Risk ownership stays with a small central team
Risk teams spend too much time chasing updates and maintaining registers because business owners do not have a simple way to manage the risks and actions they own.
Financial Services · Essentials
Risk the businesswill actually own
Built for financial institutions that need mature GRC without heavyweight complexity. Give business owners a simple way to manage risk, controls and evidence across requirements such as OSFI E-21, OSFI B-10, SOX, PCI DSS and AML/KYC, while lean teams maintain oversight across ERM, compliance, audit and third-party risk.
- ERM
- Compliance
- Audit
- Third-Party Risk
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The work
The GRC challenges financial services teams face
Lean risk, compliance and audit teams are being asked to do more with limited resources — while risk ownership, regulatory obligations, reporting and third-party oversight are often spread across separate processes and systems.
02
Obligations, controls and evidence become fragmented
Regulatory requirements, controls, assessments and evidence end up across spreadsheets, folders and point solutions, making it difficult to maintain a reliable view of compliance.
03
Board and committee reporting is rebuilt by hand
Heat maps, appetite status, compliance results and overdue actions have to be assembled repeatedly instead of coming directly from live operational data.
04
Third-party risk sits outside the enterprise view
Critical suppliers, technology providers and contracts are often managed separately, making it harder to see dependencies and their impact on operational risk and resilience.
How Essentials shows up
How Essentials helps financial services teams
Start with practical ERM that the business will use, then add compliance, audit and reporting on the same connected platform as your needs grow.
Make risk ownership practical for the business
- Give line-one owners a simple way to manage operational and enterprise risks
- Score inherent, residual and target risk without side spreadsheets
- Connect risks to controls, actions, objectives and risk appetite
- Replace periodic update exercises with a living risk register
Connect compliance and audit to the same control environment
- Manage requirements from OSFI, SOX, PCI DSS, AML/KYC, privacy, security and more
- Map regulatory obligations to the risks and controls they address
- Reuse controls and evidence across multiple frameworks
- Let audit teams test the same controls and link findings and corrective actions back to them
Turn live GRC data into management oversight
- Report risk, appetite, compliance and open actions directly from live records
- Link significant risks to strategic objectives and priorities
- Give leadership consolidated views without rebuilding committee decks
- Use API access to feed Power BI, enterprise analytics and approved AI tools
In the workspace
What financial services teams can manage with Tracker
Integrated capabilities for financial institutions that need mature governance without the cost and administration of a heavyweight enterprise GRC platform.
Enterprise & operational risk
Business-owned risks, controls, actions, appetite and reporting, with consolidated oversight for the central risk team.
Regulatory compliance
Obligations, controls, assessments and evidence across regulatory, financial, privacy, cybersecurity and internal policy frameworks.
Internal audit & assurance
Audit plans, engagements, testing, findings and corrective actions connected to the risks, controls and evidence already being managed.
Third-party risk & contracts
Add VenTrack for supplier and contract registers, assessments, data access, renewals and ongoing third-party oversight.
FAQ
Questions Financial Services teams ask
Related industries
Same workspace. Different starting risks.
Explore how Essentials supports adjacent financial-services organizations with the same connected approach to risk, compliance and assurance.
See Essentials against your financial-services requirements
We'll map Essentials to your current risk, compliance and audit processes, regulatory requirements, third-party program and management reporting.
30 Days
Typical rapid implementation
55 Countries
Global customer reach
100+ Organizations
Trusted worldwide
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