Holistic GRC for Operational Excellence: A 5 Day Training Course
Understanding and managing risk within the context of a holistic GRC is the key to unlocking a company’s competitive advantage. Yet, fewer than 15% of organizations worldwide have built mature GRC capabilities. Is your organization one of them?
The overarching objective of GRC framework is to eliminate information silos and create a holistic approach to risk management across the three functions that operate to inform corporate decision-making at all levels. The GRC model emphasizes interconnectedness to promote broader awareness and cultivate greater agility.
This program is focused on providing the necessary insights, awareness, and understanding of Governance, Risk and Compliance for executives of organizations, or for those who aspire to hold such positions. Organizations that understand and apply the principles of integrated governance, risk management and compliance (GRC), in both processes and technology, have a real competitive advantage.
This intensive and highly practical 5-day holistic GRC training program is designed to provide participants with the key skills, abilities and confidence required to improve their handling of compliance issues in their organizations.
The program instructor uses a disrupt, discuss, and discover model to: challenge the common myths associated with the subject; provide the insights to enable a real understanding; and finally provides a pragmatic set of steps to enable the attendees to make a difference within their organizations. The instructor also uses numerous real-life examples from his own experience to demonstrate the issues, prove the methods he suggests, and deliver practical advice on how to implement progressive changes.
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
Key Takeaways
- Understand the concepts of governance, risk management and compliance (GRC);
- Understand the reasons why governance is essential for effective regulatory compliance risk management;
- Understand the key roles necessary to create an integrated GRC capability at yo ur organisation;
- Motivate and inspire desired conduct through the concept of Principled Performance
- Learn how to develop and implementa GRC strategic plan
- Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance;
- Learn how to implement GRC processes that are effective and efficient
- Develop abilityto identifyhigh-riskareas and compliance in your organization
- Understand how to implement governance, risk management and compliance processes that are effective and efficient;
Program Agenda
Day 1: Module 1
Compliance & Regulatory Environment
- Overview of the regulatory environment
- Objectives of financial services regulation
- Major trends in the global regulatory environment
- Key regulations that impact (transnational)
- International Regulations on Compliance
- Role of the regulators and what they expect
- Compliance regulations across jurisdictions
- Difference between best practice and regulatory obligations.
Day 1: Module 2
Nature of Risk and Risk Management Process
- Quotable Quotes
- What is risk?
- Risk — Reward Equation
- What is Risk Management?
- The Risk Management Process
- Risk Assessment
- Types of Risk
- Benefits of Risk Management
- Critical Requirements for Effective Risk Management
Day 1: Module 3
Compliance Risk Management
- What is Compliance?
- Compliance Risk Management
- ISO 37301:2021 Compliance Management System [CMS]
- Building an Effective Compliance Program
Day 2: Module 4
Fundamentals of Corporate Gorvernance
- What is corporate governance?
- National & international environment of corporate governance
- Shareholders and Stakeholders
- Board of director’s responsibilities
- Audit Committee Role
- Corporate Social Responsibility
- Sound Corporate Governance Practices
- The Role of Public Disclosure
- Supervisors and Transparency
Day 2: Module 5
Introduction to GRC
- GRC at a glance
- History of GRC
- What’s driving interest in GRC?
- Why does your organization need GRC?
- Key Benefits
- Benefits of well-planned GRC management and strategy
Day 2: Module 6
Value Proposition of GRC
The value proposition of GRC (Governance, Risk, and Compliance) lies in its ability to provide a structured, integrated approach that helps organizations achieve their strategic objectives while managing risks, ensuring compliance, and fostering good governance.
- The case for GRC
- Enhanced Decision-Making
- Risk Reduction and Proactive Management
- Regulatory Compliance and Reduced Penalties
- Operational Efficiency and Cost Reduction
- Improved Organizational Resilience
- Strengthened Governance and Accountability
- Enhanced Reputation and Stakeholder Confidence
- Adaptability and Agility in Changing Environments
- Support for Long-Term Sustainability
Day 3: Module 7
GRC Principles
The principles of Governance, Risk, and Compliance (GRC) provide a foundational guide for organizations to effectively manage their operations in alignment with their goals, regulatory requirements, and risk management practices.
Day 3: Module 8
GRC Strategic Approaches
A strong GRC strategy can lead to better decision-making, enhanced risk resilience, and improved operational efficiency.
- Integrated GRC Framework
- Risk- Based Decision-Making
- Technology and Automation
- Continuous Monitoring &Auditing
- Regulatory Change Management
- Risk Culture & Leadership
- Third-Party Risk Management
- Compliance by Design
- Performance Measurement and Metrics
- Incident Response and Recovery
Day 4: Module 9
Elements of an Effective GRC Strategy
- Governance Structure
- Risk Management Framework
- Compliance Management
- Technology and Automation
- Audit and Assurance
- Communication and Reporting
- Stakeholder Engagement
- Culture of Integrity and Accountability
- Crisis Management and Business Continuity
- Continuous Improvement
Day 4: Module 10
Embedding GRC Into Organizational Culture and Processes
Embedding GRC into organizational culture and processes is essential for creating a sustainable framework that aligns governance, risk management, and compliance with daily operations. This integration ensures that GRC principles are not only formal policies but become part of the organization’s core values, decision-making, and behaviors.
- Leadership Commitment and Tone at the Top
- Clear Communication and Transparency
- Integrating GRC into Decision-Making Processes
- Employee Training and Development
- Policies and Procedures Integration
- lncentivizing GRC Behaviors
- Fostering a Culture of Ethical Conduct
- Leveraging TechnologyforGRC
- Aligning GRC with OrganizationalValues
- Collaborative GRC Ownership Across the Organization
- Embedding GRC into Crisis Management and Business Continuity Planning
Day 5: Module 11
GRC Capability Model
The GRC Capability Model provides a comprehensive, integrated approach to governance, risk management, and compliance. It helps organizations achieve their objectives while managing uncertainty, complying with regulations,
and acting ethically.
- Components and outcomes
- Universal outcomes
- Principles and practices
- Actions and controls
Day 5: Module 12
Approach to Effective GRC Implementation
Implementing an effective Governance, Risk, and Compliance (GRC) strategy requires a systematic approach that integrates GRC activities into the organization’s core operations, culture, and decision-making processes.
- Leadership Support and GRC Ownership
- Develop a Holistic GRC Framework
- Set Clear Objectives and Goals
- Develop Clear Policies and Procedures
- Leverage Technology and Automation
- Embed GRC into Organizational Culture
- Establish Accountability Mechanisms
- Regular Audits and Reviews
- Effective Communication and Reporting
- Develop Crisis and Incident Response Plans
- Engage Stakeholders
- Deploy GRC Tools
Program Facilitators
Prof. Emmanuel 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
- Financial Directors
- CROs and CCOs
- Compliance professionals
- Financial Controllers
- Senior and Chief Accountants
- Internal and External Auditors
- Legal and Compliance Officers
- Risk Managers
- Internal Information Managers
- Data Scientists
- Governance 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
- Internal Control Officers
- All staff in an organisation
- Pension Fund Administrators
- Payment Service Providers
- Mortgage and Micro Finance Professionals
- DFls