Training on Governance, Risk Management and Compliance (GRC)

Course Objectives

By the end of the Governance, Risk Management and Compliance course, participants will be able to:

• Understand the core concepts related to governance, risk management and compliance (GRC)
• Understand the key roles necessary to create an integrated GRC capability at your organisation (e.g. audit, legal, human resources, IT, compliance, risk management, ethics, the boards, etc).
• Learn the necessary components to help your organisation become a Principled Performer – reliably achieve objectives while addressing uncertainty and acting with integrity
• Motivate and inspire desired conduct through the concept of Principled Performance
• How to develop and implement a GRC strategic plan
• Align risk and compliance in the context of your organisation
• Understand, define, and enhance organisational culture as it relates to performance, risk, and compliance Implement GRC processes that are effective and efficient
• Learn how to assure the GRC activities by using a risk-based audit approach

Course Outline:

Module 1 - Compliance & Regulatory Environment

• An overview of the regulatory environment
• The objectives of financial services regulation
• Major trends in the global regulatory environment
• Key regulations that impact (transnational) finance institutions
• Key characteristics of the more recently announced holistic regulatory changes and the new legislature
• International Regulation
• The role of the regulators
• What do the Regulators expect?
• Your jurisdiction environment
• The difference between a best practice and a regulatory obligation

Module 2 - Risk Management and Internal Controls

• Main types of risk classes that firms face and have to cope with
• Characteristics of the main risk classes
• Fundamental concepts of each of the risk classes
• Understanding a Risk-Management Approach
• The impact on the business – positively and negatively – of creating a Risk-Management Approach
• The need for Internal Controls
• Understand how to identify, mitigate and control risks effectively
• Approaches to risk assessment
• Effective Management of Compliance Risks

Module 3 - Dealing With 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
• Banks and Financial Institutions required to file Suspicious Activity Reports (SARs)
• Sanctions

Module 4 - Corporate Governance

• National International environment for corporate governance
• Shareholders and Stakeholders
• Board of director’s responsibilities according to SAMA
• Audit Committee
• Corporate Social Responsibility.
• Sound Corporate Governance Practices in Banking
• The Role of Public Disclosure
• Supervisors and Transparency

Module 5 - GRC Strategic Approaches

• Overview of ‘governance’, ‘risk’ and ‘compliance’ (i.e., GRC)
• Principles and benefits associated with governance, risk and compliance
• GRC integrated approaches and their key enablers
• Role and Responsibilities of Board and Committees.
• Selective best practices
• Building an effective, holistic governance, risk and compliance model across an organization

Customized Training

This training can be tailored to your institution needs and delivered at a location of your choice upon request.

Requirements

Participants need to be proficient in English.

Training Fee

The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.

Certification

A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.

Accommodation

Accommodation can be arranged upon request. Contact via email for reservations.

Payment

Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:

Email: outreach@idealsense.org

Mobile: +254759708394