COURSE OBJECTIVES
Upon completion of this training program, participants will be equipped to:
- Comprehend the foundational principles of Governance, Risk Management, Compliance & Audit (GRCA) within a regulatory framework.
- Acknowledge the critical role of effective regulatory compliance risk management as a cornerstone of governance.
- Identify & assess high-risk areas within the organisation, applying risk-based thinking in their evaluations.
- Articulate the roles and responsibilities of the compliance officer & their team.
- Formulate & implement a strategic plan for GRCA that includes the establishment of efficient operational procedures.
- Apply a risk-based auditing methodology to enhance the effectiveness of Governance, Risk Management, Compliance & Audit Initiatives.
TARGET AUDIENCE
- Executives & Board Members in leadership positions responsible for strategic decision-making & oversight of organisational operations.
- Compliance Officers & Managers, including their Deputies tasked with ensuring that the organisation adheres to legal, regulatory & internal standards.
- Governance, Risk, Compliance & Audit (GRCA) Professionals & Legal Experts who focus on the integration of Governance, Risk Management, Compliance & Audit processes within the organisation.
- Regulatory Representatives who act on behalf of regulatory bodies to enforce compliance with relevant laws & regulations.
- Company Secretaries, Governance Professionals, Risk Managers and Auditors responsible for supporting the governance framework, managing risks & ensuring legal compliance within the organisation.
- Internal Auditors who evaluate the effectiveness of internal controls, risk management practices & governance processes to enhance operational efficiency & compliance.
SESSION 1: Environment for Compliance & Regulation
- Introduction to Governance, Risk, and Compliance (GRC).
- Regulatory Goals in Financial Services.
- Important Rules Affecting (International) Financial Institutions.
- Understanding Intergovernmental Agreements.
- Recognising your Regulator.
SESSION 2: Risk
- Fundamental Principles of Risk Classes.
- Understanding Risk Management Techniques.
- Framework for Risk Management.
- Significance of Internal Controls.
- Strategies for Risk Identification, Mitigation & Control.
SESSION 3: Financial Crimes
- Strategies for Preventing Fraud.
- Addressing Ethical Concerns Related to Cronyism & Bribery.
- Managing Risks Associated with Insider Trading & Market Manipulation.
- Implementing a Risk-Based Framework for Countering Terrorist Financing & Money Laundering.
- Guidelines for Reporting & Addressing High-Risk Indicators.
SESSION 4: Governance
- Effective Stakeholder
- Roles of the Board of Directors & Finance Committee.
- National & Global Corporate Governance Environments.
- Corporate Social Responsibility Practices.
- Importance of Public Disclosure & Supervisory Practices.
SESSION 5: Audit, Accuracy, Compliance & Efficiency
- Verification of Financial Statements.
- Compliance with Regulations.
- Risk Assessment.
- Operational Efficiency.
- Stakeholder Assurance.
SESSION 6: Concepts of the "Governance," "Risk", “Compliance" & Audit Model (GRCA)
- Clarification of Roles & Responsibilities in Governance, Risk, Compliance & Audit (GRCA).
- Integrated Approaches & Key Facilitators in GRCA Implementation.
- Governance Structures - Board & Committee Roles and Responsibilities.
- Selection of Best Practices for Governance, Risk, Compliance & Audit.
- Development of a Robust Governance, Risk & Compliance Model.
