Why Choose this Training Course?

This Governance, Risk & Compliance (GRCA) training course is designed to provide you with the knowledge necessary to effectively design and enhance integrated GRCA activities across your company. As well It enables you with the tools and techniques to understand your company obligations, to mitigate risk and to have a proper structure in place on how to manage it when an issue arises.

This is an intensive and highly practical training course develops the tremendous value to your company and an essential part to building ethical culture, establishing acceptable standards of behavior and mitigating risk. The risk isn`t something that should be avoided. Rather, it`s an opportunity for organizational innovation, developing new competitive advantages, addressing exposures that can threaten an organization and something that can be integrated into strategic planning.

This training course enables members to develop core operational skills, focusing on best practice and will provide executives at all levels with the skills in risk management, creating compliance culture, and strengthen relationships with key stakeholders.

What are the Goals?

• Understand the concepts of governance, risk management and compliance (GRCA)
• 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

Who is this Training Course for?

• Executives and Board Members
• Internal Auditors
• Compliance Officers / Managers and their Deputies
• Governance Professionals
• Risk Managers
• GRCA 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

Organisational Impact

• 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 GRCA plan
• Preparation of staff for increased responsibility
• Supports risk and compliance officers through education

Personal Impact

• 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

Course outline

• Compliance & Regulatory Environment
  • Introduction Governance, Risk and Compliance ( GRCA)
  • 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` (GRCA) 
  • 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
• Roles and Responsibilities of the Auditor in GRCA
  • Overview of the auditor`s position within governance, risk, and compliance frameworks.
  • Steps to effectively plan and execute audits that address risk, compliance, and governance.
  • Techniques for assessing the effectiveness of internal controls to manage risk and ensure compliance.
  • How to identify compliance gaps and areas for improvement, and methods for transparent reporting.
  • Ensuring corrective actions are implemented and establishing mechanisms for continuous improvement in GRCA.
  • Upholding integrity, independence, and confidentiality in the auditing process.
  • Strategies for communicating audit findings to management and board members, promoting a culture of accountability and transparency.
• Technology and GRCA
  • GRCA Software Solutions: Introduction to tools that streamline compliance and risk management processes.
  • Data Analytics in GRCA: Using data-driven insights to assess risks and monitor compliance effectively.
  • Automation of GRCA Processes: Reducing manual tasks through automation to enhance efficiency and accuracy.
  • Cybersecurity and GRCA: Understanding how cybersecurity risks integrate with GRCA practices.
  • Artificial Intelligence in Compliance: Leveraging AI to detect potential compliance violations and manage risk proactively.
• Environmental, Social, and Governance (ESG) in GRCA
  • Introduction to ESG: Overview of Environmental, Social, and Governance factors in today’s GRCA landscape.
  • Impact of ESG on Risk and Compliance: Identifying and managing risks related to environmental and social responsibilities.
  • ESG Reporting and Disclosure: Best practices for transparent reporting in compliance with ESG standards.
  • Integrating ESG with GRCA: Practical steps to include ESG elements in the organization’s GRCA framework.
  • Case Studies on ESG and Corporate Responsibility: Learning from successful implementations of ESG in GRCA.
• Crisis Management and GRCA
  • Defining Crisis Management in GRCA: How GRCA principles support effective crisis management.
  • Risk and Compliance During a Crisis: Managing regulatory obligations under stress.
  • Developing Crisis Response Plans: Building and testing crisis response plans that align with GRCA policies.
  • Communication Strategies: Ensuring clear, compliant communication with stakeholders in a crisis.
  • Post-Crisis Evaluation and Improvement: Learning and adapting GRCA processes from crisis incidents.
•  Continuous Improvement in GRCA
  • Evaluating GRCA Practices: Tools and techniques for assessing the effectiveness of current GRCA programs.
  • Audits and Compliance Checks: Conducting regular audits to ensure alignment with best practices.
  • Adapting to Regulatory Changes: Strategies to keep GRCA processes up-to-date with evolving regulations.
  • Benchmarking and GRCA Standards: Comparing GRCA practices to industry standards and implementing improvements.
  • Continuous Learning and Development: Encouraging ongoing training and knowledge sharing in GRCA.
• Building a GRCA Culture Across the Organization
  • Importance of a Strong GRCA Culture: Understanding how a GRCA-focused culture supports overall corporate goals.
  • Engagement at All Levels: Involving employees from all levels in GRCA practices and responsibilities.
  • Communication and Training Programs: Developing consistent messaging and training to reinforce GRCA values.
  • Accountability and Ethics: Promoting ethical behavior and accountability as part of GRCA.
  • Long-term GRCA Integration: Steps to make GRCA an integral part of the organizational culture, encouraging ownership and proactive risk management.