Advanced Governance with Risk and Compliance

Overview:

Introduction:

Advanced Governance with Risk and Compliance (GRC) focuses on enhancing organizational resilience by integrating risk management, compliance practices, and governance frameworks. It equips professionals with the tools to address complex challenges, ensure regulatory adherence, and align risk strategies with business objectives. This training program is designed to offer a thorough exploration of risk management, regulatory compliance, and corporate governance, which are critical in today’s business landscape. Participants will delve into the complexities of these areas, gaining the knowledge required to excel in managing risks and ensuring compliance. 

Program Objectives:

At the end of this program, participants will be able to:

• Explore key principles and frameworks of risk management, compliance, and corporate governance.

• Identify and assess risks, with a focus on compliance and regulatory requirements.

• Perform risk mitigation and control strategies to minimize potential threats.

• Integrate governance, risk management, and compliance (GRC) to strengthen organizational performance.

• Develop strategies to continuously improve and adapt GRC frameworks in response to evolving regulatory environments.

Targeted Audience:

• Risk Managers and Compliance Officers.

• Internal Auditors.

• Legal and Regulatory Affairs Professionals.

• Governance Professionals.

• Business Executives and Managers.

• Consultants and Advisors in GRC.

Program Outlines:

Unit 1:

Fundamentals of Risk Management:

• Introduction to Risk Management.

• Types of Risks (Strategic, Operational, Financial, Compliance).

• Risk Identification and Assessment Techniques.

• Risk Mitigation and Control Strategies.

• Risk Management Frameworks and Standards.

Unit 2:

Regulatory Compliance Essentials:

• Overview of Regulatory Compliance.

• Key Compliance Requirements and Regulations.

• Compliance Program Development and Implementation.

• Monitoring and Reporting Compliance.

• Managing Compliance Audits and Inspections.

Unit 3:

Corporate Governance Principles:

• Definition and Importance of Corporate Governance.

• Governance Structures and Roles.

• Principles of Good Governance.

• Ethical Decision Making in Governance.

• Governance Frameworks and Codes of Conduct.

Unit 4:

Risk Assessment and Analysis:

• Risk Assessment Methodologies.

• Quantitative and Qualitative Risk Analysis.

• Risk Prioritization Techniques.

• Risk Reporting and Communication.

• Using Risk Assessment Tools and Software.

Unit 5:

Compliance Risk Management:

• Identifying Compliance Risks.

• How to develop Compliance Risk Policies.

• Compliance Risk Assessment and Mitigation.

• Tools for Monitoring Compliance Risk Management.

• Role of Technology in Compliance Risk Management.

Unit 6:

Internal Controls and Auditing:

• Introduction to Internal Controls.

• Techniques for Designing Effective Internal Controls.

• Internal Audit Processes and Techniques.

• Tools for Assessing the Effectiveness of Internal Controls.

• The Reporting process and Communicating Audit Findings.

Unit 7:

Regulatory Frameworks and Standards:

• Overview of Major Regulatory Frameworks.

• Understanding Basel III, GDPR, SOX, and More.

• Implementing Regulatory Standards in Organizations.

• Ensuring Continuous Regulatory Compliance.

• Impact of Non-Compliance on Organizations.

Unit 8:

Governance Risk and Compliance (GRC) Integration:

• Definition and Importance of GRC.

• Integrating Risk Management and Compliance.

• Building a GRC Framework.

• Benefits of a Unified GRC Approach.

Unit 9:

Ethical and Legal Considerations:

• Understanding Business Ethics.

• Legal Requirements in Risk and Compliance.

• Managing Conflicts of Interest.

• Whistleblowing Policies and Protections.

• Creating an Ethical Organizational Culture.

Unit 10:

Managing GRC in a Dynamic Regulatory Environment:

• Understanding the role of GRC in today’s dynamic and complex regulatory landscape.

• Strategies for adapting GRC frameworks to meet evolving regulations and standards.

• The role of leadership in supporting and sustaining GRC initiatives across the organization.

• Exploring the relationship between organizational culture and effective GRC implementation.

• Importance of Continuous monitoring and adjusting GRC processes to improve risk management and compliance.