Governance Risk & Compliance
Governance Risk & Compliance
About Department
The Governance Risk and Compliance Department is responsible for running operations that support GEA’s operational and strategic objectives, seize opportunities, and identify potential threats.
It seeks to attain its targets by: identifying and analyzing main risks to ensure future growth and current asset protection, offering objective insight into the accuracy and sufficiency of information, and effectively implementing GEA’s risk management program.
The Governance Risk and Compliance Department Tasks
What We Do:
Optimizing the use of available resources (financial, human, technical)
Incorporating risk management within the decision making process
Identifying GEA’s risks score, assessing its resilience and setting appropriate response actions; monitoring, updating, and reporting the list of potential risks on a regular basis, and bringing top priority risks to the attention of the various departments
Guiding GEA’s staff to a unified approach towards risks, and unifying methods for collecting and presenting risk assessment results
Maintaining open and transparent communications channels related to risks
Utilizing tools, resources, and operations as necessary to attain GEA’s risk management goals
Setting standards, tools, and methods for managing, monitoring, and addressing corporate risks, and submitting reports in this regard
Adopting an expedient approach towards goal achievement
