Introduction
This Advanced Governance, Risk & Compliance (GRC) training course will explain Corporate Governance and its main tools of Compliance, Internal Audit and Risk Management together with its benefits, barriers, and proper implementation.
Good governance does not only build trust but also improve organizations performance and contributes to social and environmental integrity by providing organizations the tools they need to govern well, enabling them to perform effectively while behaving ethically and responsibly.
This Certificate in Advanced Governance, Risk & Compliance (GRC) training course will highlight:
- Realize relationship among Risk Management, Internal Audit and Compliance
- Understand fundamental concepts of Corporate Governance, its principles and content elements to help your organization become a Principled Performer
- Comprehend the key components of a governance framework and consider the governance requirements based on key organizational value drivers
- Enhance convergence of Corporate Governance components
- Understand risk assessment, assimilate risk taxonomies and its classification
- Implement the Compliance New Approach, Risk-based Compliance as well as the Internal Audit New Approach: Risk-based Approach
Objectives
At the end of this Advanced Governance, Risk & Compliance (GRC) training course, you will learn to:
- Align your GRC structures perfectly well
- Improve risk management function and expanding compliance function
- Assist in formulating governance committees
- Learn GRC fundamentals, rules and principles
- Integrate and align corporate governance through adopting effective methods
- Assimilate how to provide assurance on GRC activities.
Training Methodology
A variety of training methods to reach the participants will be applied in a diverse manner. A number of methods will include brainstorming, lecturing, exercises, group discussion and sharing experiences. Case studies and short assessment shall be conducted during this training course. This GRC training course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed during the training sessions.
Organisational Impact
This training course gives you up-to-date perceptions into the domain of corporate governance, risk management, audit, and compliance, especially for those who are looking to become executives in their organizations very soon.
By the end of this Certificate in Advanced Governance, Risk & Compliance (GRC) training course, the organization will have the following benefits:
- Understand Key Principles of Good Governance, Benefits & Barriers
- The best strategies for building high-quality governance framework
- The role of the board of directors and your role within it
- The Risk management, Compliance & Internal Audit Departments’ Triangle
- Managing governance function within different business contexts – listed, private, state-owned, family-owned businesses
Personal Impact
Upon the completion of this Advanced Governance, Risk & Compliance (GRC) training course, participants will gain:
- Enhanced knowledge of convergence CG components
- Improved alignment to mission, vision and values of the organization
- Improved governance performance and accountability
- Increased decision-making agility
- Improved confidence in managerial competences
Who should Attend?
This GRC training has been researched and developed for professionals who are involved in the different aspects of corporate governance in the technical and non-technical departments in every functional area of responsibility in all industries.
This GLOMACS Advanced Governance, Risk & Compliance (GRC) training course is suitable to a wide range of professionals but will greatly benefit:
- Directors, Managers and Superintendents within governance activities
- Board Members and Strategic Planners
- Legal Counsels, Corporate Legal Advisors and Corporate Secretaries
- Risk Managers, Compliance Managers and Internal Audit Managers
- Financial Controllers, Chief Accountants & Managers involved in driving GRC business
Corporate Governance, GRC Integration & Risk Foundations
- Corporate governance definition, concept, rules and principles
- Barriers and obstacles to enforcing corporate governance and implementation in practice
- Board committees, roles and responsibilities and audit committee responsibilities
- Role of the board in strengthening governance processes
- Relationship between risk management, compliance and internal audit and how to overcome overlaps
- Cooperation and collaboration among the three lines (risk, compliance and internal audit)
- Risk management fundamental concepts, universe and principles
- Risk management framework, policies, methodologies and infrastructure
- Limitations of traditional approaches to risk management
Risk Management Tools, Methodologies & Enterprise Risk Landscape
- Key performance indicators (KPI) versus key risk indicators (KRI)
- Risk register development and implementation
- Risk control self-assessment (RCSA)
- Role and responsibilities of risk champions
- Business continuity planning versus disaster recovery planning
- Financial risk, credit risk and liquidity risk
- Operational risk and non-compliance risk
- Systematic risk versus systemic risk
- Political risk, sovereign risk and country risk
- Strategic risk, legal risk and reputational risk
- Fraud risk, ethical behavior risk and criminal behavior risk
- ESG, digital, cyber and technology risks
Risk-Based Compliance, Internal Audit & Strategic Governance
- Compliance new approach and risk-based compliance
- Role, duties, objectives and profile of a compliance officer
- Money laundering and terrorist financing threats and methods
- Risk-based internal auditing methodology and transition from system-based to risk-based audit
- Risk-based audit approach and auditing the control environment
- Controlling fraud using fraud triangle and fraud diamond
- OMBUDS process (whistleblowing)
- Auditing corporate governance
- Business plan versus strategic plan and strategic management
- Risks in focus and organizational response strategies
- Business and financial lessons learned and governance improvement
- Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
Endorsed Education Provider
