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.
Date
November 25 – November 29, 2024
Participation Fee
Live Attendance: ₦500,000.00
Online Attendance: ₦350,000.00
This covers Lecture and Reading Materials, Videos, Certificates, Branded Deluxe Bags, Tea/Coffee Break, Lunch, Certificate of Participation.
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
Program Time Table
| Day | Date | Start Time | End Time |
|---|---|---|---|
| Day 1 | November 25th, 2024 | 9:00 AM | 4:00 PM |
| Day 2 | November 26th, 2024 | 9:00 AM | 4:00 PM |
| Day 3 | November 27th, 2024 | 9:00 AM | 4:00 PM |
| Day 4 | November 28th, 2024 | 9:00 AM | 4:00 PM |
| Day 5 | November 29th, 2024 | 9:00 AM | 4:00 PM |
Program Location: Novare Mall, Wuse, Abuja
Address: Novare Central Mall, Plot 52 Dalaba Street, Off Michael Okpara Street, Wuse Zone 5, Abuja, FCT