Course details

Overview ?

Objectives

By the end of this training course, you will be able to:

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

Organisational Impact

This training course is of direct relevance to governance, risk management and compliance and as a result the organizations will benefit greatly from their employee’s participation. The organization will gain from:

More effective support for governance, risk management and compliance team
Greater relevance and reliability of analyzing the regulatory bodies
More strategic thinking and focus on performance
More effective use of developing successful GRC plan
Preparation of staff for increased responsibility
Supports risk and compliance officers through education

Personal Impact

This training course will be of personal benefit to delegates by providing you with:

A better understanding of the context and importance of the G governance, risk management and compliance
The best practices in avoiding situations that may make their company legally liable
The tools to detect any violations of company policies
Greater awareness of industry practices, problems and solutions
Increased understanding and assurance to complete tasks successfully
Increased self-confidence and motivation at work
Greater job satisfaction in providing quality support to management
Greater ability to supervise, develop and motivate colleagues

Who Should Attend?

This training course is designed to deliver the knowledge and skills, providing details of the latest policies and procedures to:

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

Course Outline

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

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

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