Effective Compliance Program Masterclass: A 5 Day Training Course
An organization that engages in compliance training hopes to avoid and detect violations by employees that could lead to legal liability for the organization, create a more hospitable and respectful workplace and lay the groundwork for a partial or complete defense if employee wrongdoing occurs despite the organization’s training efforts. There have been tight enforcement of compliance and regulations in all countries globally. The existing regulations are rapidly changing.
Regulators and investigators must keep up with the changes, and so should the professionals in the field across sectors and industries. This intensive and highly practical 5-day effective compliance training program has been designed to provide participants with the key skills, abilities and confidence required to improve their handling of compliance issues in their organizations.
Registration
- To register for the program, please send an email to info@theriskacademy.org requesting for an invoice. Bulk discounts apply.
- Registration of more than 3 participants attracts 10% discount.
- Payments must be received not later than 2 weeks before the commencement of the program.
Program Objectives
Program Agenda
Day 1: Module 1
What is Compliance?
What is compliance and why is it important? In this module, we answer those questions while also looking at some recent hig-profile cases of non-compliance in the business world.
For more information, read the program brochure
Day 1: Module 2
Introduction to Effective Compliance
- Compliance Overview
- Compliance Sources
- Core Elements of a Compliance Program
- True Value of an Effective Compliance Program
- Common Areas of Compliance
For more information, read the program brochure
Day 1: Module 3
Effectiveness Measures: A Two-Dimensional Evaluation
- Effort Defined
- Definition of Outcome
- Outcome Assessment
For more information, read the program brochure
Day 2: Module 4
Seven Elements of an Effective Compliance Program
- Policies and Procedures
- Ongoing Education and Training
- Open Lines of Communication
- Ongoing Monitoring and Auditing
- Enforcement and Discipline
- Investigation, Response and Prevention
For more information, read the program brochure
Day 2: Module 5
Building and Maintaining an Effective Compliance Program
Building and Maintaining an Effective Compliance Program
For more information, read the program brochure
Day 2: Module 6
Psychology of Compliance
Compliance, at its heart, is a response to a human problem. If rules were enough, compliance and enforcement would not exist. This module explores the psychology behind why non-compliance happens and strategies for getting people to comply.
- Compliance Involves More Than You Think
- Why People Do Bad Things
- The Psychological Aberration or Deviation Theory
- The Privileged or Entitled Theory
- The Stress and Pressure Theory
- e Excessive Greed or Excessive Ambition Theory
- The Cost-Benefit / Risk Reward Theory
For more information, read the program brochure
Day 3: Module 7
Crucial Role of Leadership in an Effective Compliance Program
- Setting the tone at the top
- Allocating results
- Establishing policies and procedures
- Promoting accountability
- Adapting to changes
- Leading by example
For more information, read the program brochure
Day 3: Module 8
How to Create an Effective Compliance Culture in an Organization
How do you implement a culture of compliance? This module looks at the key building blocks necessary to foster a culture of compliance within any organization.
- Leadership Commitment
- Clear Policies and Procedures
- Training and Education
- Effective Communication
- Accountability and Ownership
- Risk Assessment and Management
- Monitoring and Auditing
- Incentives and Disciplinary Measures
- Continuous Improvement
- Employee Engagement
For more information, read the program brochure
Day 4: Module 9
Steps to Develop a Strong Compliance Strategy and Implementation
- What is a regulatory compliance strategy?
- Why have a compliance strategy?
- Understanding Regulatory Requirements
- Assessing Organizational Risks
- Developing Clear Policies and Procedures
- Role of the Compliance Team
- Implementing Training and Awareness Programs
- Monitoring and Auditing Mechanisms
- Reporting and Escalation Channels
- Incentivizing Compliance
- Leveraging Technology and Tools
- Regularly Updating and Adapting Strategy
- Engage with External Stakeholders
- Fostering a Compliance-Driven Culture
For more information, read the program brochure
Day 4: Module 10
Embedding Compliance into Organizational Culture and Process
Embedding compliance into an organization’s culture and processes is vital to ensure that adherence to regulations and ethical practices becomes a natural part of everyday operations.
- Commitment from Leaderships
- Clear Communication and Education
- Integration into Policies and Procedures
- Ethics-Based Decision Making
- Rewarding Ethical Behavior
- Whistleblower Protections and Reporting Mechanisms
- Aligning Compliance with Business Objectives
- Cross-Departmental Collaboration
For more information, read the program brochure
Day 5: Module 11
Dealing With Non-Compliance
Even in organizations with top-notch compliance programs, non-compliance is as inevitable as death and taxes. Dealing with non-compliance is a critical aspect of managing a robust compliance program This module explores strategies for dealing with non-compliance.
- Identifying Non-Compliance
- Assessing the Situation
- Immediate Action
- Corrective Measures
- Communication and Transparency
- Root Cause Analysis
- Preventive Measures
- Documentation and Reporting
- Learning and Continuous Improvement
For more information, read the program brochure
Day 5: Module 12
Role of Technology in Effective Compliance Program
Technology plays a pivotal role in enhancing the effectiveness, efficiency, and adaptability of compliance programs within organizations.
- Automation of Compliance Tasks
- Monitoring and Surveillance
- Data Management and Analytics
- Training and Awareness Programs
- Compliance Reporting and Auditing
- Risk and Incident Management
- Third-Party Risk Management
- Policy Management and Communication
- Regulatory Compliance Tools
- Cybersecurity and Data Privacy
For more information, read the program brochure
Program Facilitators
Prof. Emmanuel More Abolo
Emmanuel Moore Abolo is a Professor of Managerial Economics and holds a Ph.D. degree in Economics and has over 28 years of dynamic and impactful knowledge in risk management, corporate governance, strategy, strategic transformation, Leadership, Compliance, HR, ESG, GRC, SMES, Finance, Economics, Project Management, Project Finance, Sustainability, Marketing, Communication and IT with extensive experience cutting across several sectors and industries. He is an accomplished systems and creative thinker. He was the Chief Risk & Compliance Officer at the Nigerian Export-Import Bank, Chief Economist at First Bank of Nigeria Ple. & Access Bank Ple as well as Basel Project Manager at First Bank & Access Bank.
He was the Group Head, Operational and Market Risks at the above institutions. Prof. Abolo is an IFC- Certified Corporate Governance Board Leadership Trainer; Director, Centre for Good Corporate Governance of Nigeria.
He was Listed by the World Bank as one of the finest minds in risk management in Africa and a Recipient of the Federal Government of Nigeria National Merit Award.
Prof. Abolo is the Founder & DG, The Economic Thinktank Centre; GMD/CEO, The Risk Management Academy Limited; Board member of five [5] other companies. He was the Past President, Risk Management Association of Nigeria; Council Member, Gerson Lehman Group; President, Institute for Governance, Risk Management & Compliance Professionals; Fellow, Institute of Management Consultants; Fellow, Institute of Credit Administration; Fellow, National Institute of Marketing of Nigeria: Fellow Chartered Institute of Economists of Nigeria; etc.
He is an International External Trainer [Risk Management] for KPM Learning & Development [Singapore]- Africa & Middle East
Prof. Abolo has presented over 1500 papers at Conferences, Seminars, Workshops, etc. both locally and internationally and he is an External Reviewer for three risk management journals in Ukraine and Editorial Board Member, Journal of Economics, Finance and Management Sciences [USA] .
Prof. Abolo is also an accomplished author and Poet
Program Time Table
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Program Location: Novare Mall, Wuse, Abuja
Address: Novare Central Mall, Plot 52 Dalaba Street, Off Michael Okpara Street, Wuse Zone 5, Abuja, FCT
Who Should Attend?
- C-Suite Executives
- CROs and CCOs
- Compliance professionals
- Risk Management Professionals
- Regulators and Investigators
- Internal and External Auditors
- Security Agencies
- Company Secretaries/Legal Professionals
- Process and Risk Owners
- Risk Committee Members
- Finance Professionals
- Accountants
- Internal Control Officers
- All staff in an organization
- Pension Fund Administrators
- Payment Service Providers
- Mortgage and Micro Finance Professionals
- DFls