how to configure alerts in GRC 5.3

Hi Everyone,

Can some one explain how to configure Alerts for critical transactions in GRC 5.3

my understanding of configuring alerts is to pick a funtion where the critical transaction is and assign a Risk owner to it ( which we have already created in admin part of mitiagtion ) and schedule the job on hourly basis etc . and the risk owner would recieve the alert whenever the transaction is executed .

correct me if I am wrong .

and also I should imagine to configure the SMTP server in order to recieve the email alerts in case if the transaction is executed .( I would presume so )

Please correct me if I am wrong or let me know if I am thinking right

Thanks in advance

keith.