Governance, Risk & Compliance (GRC)

This Governance, Risk & Compliance (GRC) training course will explain the Governance tools of Risk Management, Compliance, and Internal Audit, their added value, the obstacles, and how to implement them practically and successfully. It will provide a framework and strategy for implementing robust GRC practices and procedures within your organisation, looking at best practices to identify, analyse, and resolve current issues whilst building a dynamic future system.

Likewise, it will cover building an effective and active Audit Committee, monitoring the Internal Audit, Risk Management, and Compliance functions in order to achieve cooperation among these functions and improve the CG process within the organisation.

Furthermore, it is structured to enhance a complete understanding of the ideologies and methods of Risk Management, Compliance & Internal Audit within Corporate Governance; it aims at attaining and improving the concepts, roles, tools, added value, and functions of the governance environment tools within an organisation distinguishing between Compliance, Risk Management, and Internal Audit roles in achieving cooperation among these functions and improving their process and harmony; not only to provide an all-round advanced level exposure to critical areas of GRC but also to broader trends across regulatory areas.

Day One: Corporate Governance – Benefits & Barriers

• Corporate Governance: Definition, Concept, Rules, and Principles

• Building Corporate Governance Framework

• Corporate Governance Committees

• The Added Value of Corporate Governance

• Board of Directors

  • All that you need to know about

  • Role of the Regulators

• Board Models: Passive Board, Certifying Board, Engaged Board, Intervening Board, and Operating Board

• The objectives of the Financial Services Regulation

• Audit Committee: Roles and Responsibilities

  • What should audit committee members focus on?

  • What are the benefits of an audit committee?

• Risk Management Committee

• Remuneration and Nomination Committee

• Review Regular Reports and Implementation

Day Two: Risk Management, Compliance & Internal Audit Triangle – The Evolution Of Internal Auditing Towards

• Enterprise Risk Management in Brief

• Compliance and Internal Audit in Brief

• Audit and Governance Arrangements

• Risk Management and Risk Appetite Measures

• Compliance and Regulator's Requirements

• New Methodology: Risk-Based Audit Approach

• Determination of Internal Auditing Universe

• Risk Mapping/Risk Registration

• Annual Audit Plan Approval

• Audit the Control Environment

Day Three: Risk-based Compliance

• Compliance Definition, Responsibilities, and Goals

• What duty, objective, and responsibility does a Compliance Officer fulfill?

• What are the five key functions of a Compliance Department?

• What does the term ‘Regulator' mean?

• High-risk Areas for Compliance Department

• Establishing Compliance Policies and Procedures

• Role of Other Departments towards the Compliance Department

• AML & CTF: Definition, Responsibilities, and Goals

• Money Laundering Threats and Methods

• Terrorist Financing Threats and Methods

Day Four: Risk Management Taxonomies

• Fundamental Concepts, Universe & Framework of Enterprise Risk Management

• International standards for ERM and its Implementation Challenges

• Risk Control Self-Assessment (RCSA) and Heat Map

• Key Risk Indicators vs. Key Performance Indicators

• Business Continuity Plan vs. Disaster Recovery Plan

• Credit and Financial Risks

• Operational and Legal Risks

• Political, Sovereign Risks, and Country Risk

• Ethical Risks and Fraudulent Risks

• Non-compliance Risks and Reputational Risks

Day Five: Role & Responsibilities Of The Risk Champion

• Creating Job Description of a Risk Champion: Objectives, roles, and responsibilities

• Competency/Knowledge

• Typical Education, Skills, and Experience

• Framework, Perception, and Resources

• Business and Financial Lessons Learnt from Crisis & Epidemics

• Board role at the Crisis

• Audit Committee at the time of Pandemic

• Business Continuity Plan: Periodical Reviews and Revisits

• Recommendations for Successful Corporate Governance