Tying Together Governance, Risk and Compliance

Saudi Hollandi Bank's operational risk leader discusses implementation of governance, compliance and risk project

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Marc Leipoldt, head of non-financial risk, Saudi Hollandi Bank

Making sense of the chaos of reality. This is how one could describe Marc Leipoldt's approach to governance, risk and compliance (GRC) at Saudi Hollandi Bank.

However, Leipoldt, who is head of non-financial risk at the Riyadh-based bank, where he was brought in to institute a GRC project, puts it rather less philosophically: "GRC is an exercise in managing qualitative and unruly data," he says.

Leipoldt's project aims to bring together disparate control functions in his institution that use much