Governance Risk Compliance
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Governance, Risk, Compliance and Audit Services

There is an increased emphasis on good corporate governance, and risk management at an enterprise level, across all industries. Effective business risk management and compliance management measures have become vital parameters for an organization’s survival and growth, in an environment, where risks—both internal and external—can lead to serious reputational and financial losses.

Business risk management is a resource-intensive practice and organizations looking to excel in their governance, risk and compliance functions, will need active support from a third-party service provider.

WNS’s Governance Risk and Compliance (GRC) services enable client enterprises to manage diverse risks by embedding robust frameworks within their business processes, thereby protecting businesses, ensuring enhanced performance and sharpening their competitive edge.

CROs outsource risk analytics, audit and compliance management services to WNS that allow their internal teams to focus on core governance issues, as the WNS team delivers a business continuity management solution that standardizes enterprise risk management processes, ensures adherence to compliance processes and lowers costs.

Our Risk Management services cover the entire gamut of risk management consulting for setting up the risk governance, auditing for risk review and monitoring; research and analytics for risk measurement as well as services to ensure regulatory compliance, thereby supporting end-to-end functions in a Chief Risk Officer’s (CRO) office. We enable client enterprises to outperform by leveraging our deep business risk management expertise, industry intimacy, specific focus on operational excellence, and a global delivery model.

WNS’s Governance, Risk and Compliance (GRC) services cover the entire value chain of risk management:
  • Governance Consulting: Establishing or reviewing the client’s risk management function
  • Risk Analytics Services: Facilitating risk identification, assessment and measurement
  • Compliance Services: Ensuring adherence to regulatory monitoring and reporting requirements
  • Audit Services: an independent assessment of adherence to internal and external risk management and compliance management requirements

Governance Consulting
A logical approach to adopting any enterprise-level or operational risk management framework is to establish a robust governance structure. A well-designed governance structure enables smooth implementation of the underlying framework, and brings in clear accountability and responsibility of stakeholders.

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Risk Analytics Services
Planning for foreseeable risks and being prepared for the unforeseeable ones are critical success factors of any business. Such informed decision-making is possible only through diligent and continuous risk analytics of the business and operational information, apart from macro-economic variables.

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Compliance Services
A critical component of risk management services is regulatory compliance across diverse areas. With the growing instances of slippages in corporate governance, frauds and service lapses, there is an increasing focus on risk management and compliance management by regulatory authorities.

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Audit Services
Internal audit has been integral part of organizations for several years now. With the growing complexity in business environment, the role of internal auditors has also evolved. With innovations in technology and improved analytical capabilities, it has become imperative for organizations to adopt advanced analytical techniques to enhance their audit effectiveness.

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GRC Case Studies

Financial Services
Financial Services: Financial Research, Financial Analysis A Leading Asset Management Firm Strengthens Investment Strategy with WNS’s Risk Analytics Model
Life Insurance
Life Insurance: Actuarial reporting Improving operational efficiencies and accuracy of actuarial reporting for a leading insurance provider


GRC Resources

Articles
Gear Up for Solvency II & IFRS 4 Phase II with the Right Partner
Gear Up for Solvency II & IFRS 4 Phase II with the Right Partner Neeraj Kumar,, General Manager – Operations, Insurance,   WNS Global Services
Whitepapers
High-end Actuarial Risk Management Solutions
High-end Actuarial Risk Management Solutions To Rationalize the Impact of Emerging Regulatory Trends on U.S. Insurers