Governance, Risk Management and Compliance (GRC)

Objective:

By the end of this Governance, Risk & Compliance (GRC) course, you will be able to:

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

Content:

Compliance & Regulatory Environment

• Introduction Governance, Risk and Compliance (GRC)
• 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’ (GRC)
• 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