Certified Regulatory Compliance Profesional

Introduction

Regulatory compliance is an organization’s adherence to laws, regulations, guidelines and specifications relevant to its business processes. Violations of regulatory compliance regulations often result in legal punishment including federal fines.

Regulatory compliance has to do with a set of guidelines that an organization is required to follow in accordance with the law. A compliance definition in hiring practices, advertising, accounting, benefits, workplace environment and safety, discipline, and termination comes largely from departments in the U.S. executive branch. Those who wish to ensure regulatory compliance for a business should investigate all relevant rules for the industry and follow each laws.

After attending this workshop, participants will be able to:

• Create a thorough risk profile for your organization.
• Tailor a comprehensive compliance program with features best suited to address your organization’s specific risk profile.
• Develop strategies for implementing the technologies, policies, monitoring, and training for building an effective privacy compliance program.
• Describe the factors that drive the need for anti-corruption laws and understand the ramifications of doing business in a highly-regulated world.

Who should attend?

• Compliance Officers for Legal Practice (COLPs)
• Risk Managers
• Compliance Managers, Officers, Associates and Analysts
• Compliance Officers for Financial Administration (COFA)
• Staff whose job role includes legal compliance responsibilities

Training Methodology

Training course will utilise a variety of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

This training course is an interactive mixture of lecture, discussion, activities and practice on several management skills. It provides definitions, examples, discussion and activities designed to promote skill building with interaction and discussion among participants.

Course Outline

What is Regulatory Compliance?

Introduction

• Introduction to Regulatory compliance
• Introduction to OCEG
• The use of frameworks
• Available GRC individual certifications
• Business context and the need for a GRC approach  and Principled Performance
• The “Big” picture of business illustration
• Defining Principled Performance
• Advantages of Principled Performance

Governance, Risk Management & Compliance Basics Module

• Defining common GRC terms
• GRC concepts
• GRC roles and responsibilities (e.g. audit, legal, human resources, IT, compliance, risk management, ethics, the boards, etc.)
• Gaining commitment from senior management and the board
• Overview of the OCEG GRC Capability Model
• Implementing the OCEG GRC Capability Model at an organisation

Learn Component

•  Understanding the external context of your organisation
• Understanding the internal context of your organisation
• Understanding and assessing culture
• Understanding relevant stakeholders and developing  a stakeholder relations plan

Align Component

• Setting direction and management decision-making criteria in accordance with mission, vision and values
• Defining high-level and lower-level objectives
• Identifying opportunities, threats and requirements  for your organisation
• Assessing levels of reward, risk and compliance – inherent and residual basis
• Designing relevant actions and controls in order to respond to levels of reward, risk and compliance

 Perform Component

• Determining the right mix of proactive, detective, and responsive internal controls
• Developing relevant policies and procedures
• Providing communication to the right people, in the right way, at the right time
• Delivering education to relevant individuals
• Designing and implementing appropriate incentives
• Designing notification methods to detect desired and undesirable events
• Designing inquiry methods to detect desired and undesirable events
• Responding to desired and undesirable events

Review Component

• Monitoring the GRC capability
• Providing assurance on the GRC capability
• Making improvements to the GRC capability

 GRC Strategy

• Elements of a GRC strategic plan
• Completing risk and compliance assessments as a starting point

- Fraud risk assessment

- Organisational risk assessment

- Compliance gap analysis

• Moving from the current state to desired state
• Degrees of integration and maturity models
• Building and explaining the business case for integrated GRC

Core compliance requirements

• Hiring Practices
• Health Benefits and Employee Privacy
• Work Environment
• Wages and Hours
• Workplace Safety
• Recruitment and Retention
• Employee Discipline and Termination
• Independent assurance of regulatory compliance and benchmarking against industry peers
• Assessment current and future regulatory risk profile and impact of new regulations
• Effectiveness reviews of current compliance departments
• Independent assurance on regulatory financial statements
• Developing and implementing a risk-based compliance control framework and monitoring programme
• Help in establishing an appropriate compliance culture within your business
• Evaluation of new regulations on your business model
• Advice and assistance with regulatory relations and in meeting regulatory standards and expectations
• Advice and assistance with getting your business authorised by a regulator
• Assistance and support in dealing with regulatory enforcement actions and remediation exercises
• Internal Controls, planning, scoping analysis and documentation
• Assessment of inherent risk
• Risk and control design analysis
• Testing of key designs
• Remediation of deficiencies
• Reporting, on-going compliance and risk management