Description
OVERVIEW:
Governance Risk and Compliance (GRC) is a term that is often used to describe the three areas within a business that need to work together to ensure an organisation is working as efficiently as effectively as possible.
This is especially true when applied to cybersecurity where any weakness or vulnerability needs to be identified and mitigated before an incident occurs.
Governance is the overall management approach. Risk Management is a set of processes by which management identifies and analyses potential risks and then takes the appropriate action. Compliance covers the need to meet regulatory or program requirements as specified by senior management.
This GRC training ensures that an individual has the core understanding of GRC processes and capabilities, and the skills to integrate governance, performance management, risk management, internal control, and compliance activities.
The GRC training gives assurance that the Risk Professional has core knowledge, skills and understanding of managing and advising on risk, internal controls, key compliance matters and functions compliance, and how these must be integrated for effective and appropriate governance.
AGENDA:
- Compliance & Regulatory Environment
- Introduction Governance, Risk and Compliance ( GRC)
- An Overview of the Regulatory Environment
- The Objectives of Financial Services Regulation
- Key Regulations that impact (transnational) Finance Institutions
- International Regulation
- Know your regulator
- Compliance environment in your jurisdiction
- Compliance function in your organization
- Compliance risk assessments:
- Fraud risk assessment
- Organizational risk assessment
- Compliance gap analysis
- Risk & Risk Management
- Main Types of Risk Classes that Firms face and must cope with
- Characteristics of the main Risk Classes
- Fundamental Concepts of each of the Risk Classes
- Understanding a Risk-Management Approach
- Risk-Management Approach
- The Need for Internal Controls
- Identify, Mitigate and Control Risks
- Approaches to Risk Assessment
- Develop Appropriate Strategy to detect desired and undesirable events
- Financial Crimes
- Money Laundering Laws
- Preventing Fraud
- Bribery and Corruption
- Market Abuse and Insider Dealing
- The Risk-Based Approach to Money Laundering/Terrorist Financing
- Identifying high-risk indicators, understand what to do with the information and whom to escalate it to
- Suspicious Activity Reports (SARs)
- Sanctions
- Governance
- National & International environment for Corporate Governance
- Understanding the External/ Internal Context of your Organization
- Dealing with Stakeholders
- Board of Director’s Responsibilities
- Audit Committee
- Corporate Social Responsibility
- The Role of Public Disclosure
- Supervisors and Transparency
- Best Practices in Communication to the Right People
- Governance, Risk Management and Compliance
- Concepts of the Model of ‘Governance’, ‘Risk’ and ‘Compliance’ (GRC)
- Principles of Governance, Risk and Compliance
- Governance, Risk Management and Compliance Roles and Responsibilities
- Governance, Risk Management and Compliance Integrated Approaches and their Key Enablers
- Role and Responsibilities of Board and Committees
- Selective Best Practices
- Building an Effective Model of Governance, Risk and Compliance in your Organization
WHO CAN ATTEND:
- Executives and Board Members
- Internal Auditors
- Compliance Officers/Managers and their Deputies
- Governance Professionals
- Risk Managers
- GRC Professionals
- Legal Professionals
- Regulatory Representatives
- Company Secretaries
- IT Professionals dealing with Governance, Risk Management and Compliance
- Managers responsible for Governance, Risk Management and Compliance Activities
OBJECTIVES
- Understand the concepts of governance, risk management and compliance (GRC)
- Understand the regulatory environment
- The reason for being governance is essential for effective regulatory compliance risk management
- Identify high-risk areas and compliance in your organization
- Apply Risk-based Approach
- The role of the compliance officer and his team
- Develop and implement a governance, risk management and compliance strategic plan
- Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance
- Implement governance, risk management and compliance processes that are effective and efficient
- Using a risk-based audit approach
TRAINING METHODOLOGY:
A highly interactive format, where all delegates will be encouraged to engage and participate, share and gain from each other’s knowledge and experience. The lectures will rely on a bullet-based slide presentation enriched by group discussions around case studies, videos and checklists wherever applicable.
Through a multiple-instructional setting, the goal is to achieve the learning objectives by means of virtual technologies that match personal learning styles and by the inclusion of non-linear learning that aims at the development of just-in-time skills of adult learners.
At the same time and in order to allow participants maximum flexibility of scheduling, the learning will be conducted in an allochronic manner. Using a state-of-the-art training architecture, RMA will combine self-learning with assessments and online discussions.
The pedagogics – adapted explicitly to professionals in full-time work – will help train participants through several experiences: absorb (read); do (activity); intermingle (socialize); mirror (relate to one’s own reality).
DURATION: 4 days [ 5 Hours each day]
VENUE: Virtual or Onsite
DATE[TBC]: Send enquiry to: info@theriskacademy.org or call: 08021003297;07034248767;09071941111
