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Course Schedule
Classroom Sessions:
DateVenueFees
12 - 16 May 2025 Dubai - UAE $5,950
23 - 27 Jun 2025 Amsterdam - The Netherlands $5,950
04 - 08 Aug 2025 Lisbon - Portugal $5,950
11 - 15 Aug 2025 London - UK $5,950
20 - 24 Oct 2025 Amsterdam - The Netherlands $5,950
01 - 05 Dec 2025 Dubai - UAE $5,950
12 - 16 Jan 2026 London - UK $5,950
Online Sessions:

23 - 27 Jun 2025 Online $3,950
20 - 24 Oct 2025 Online $3,950
Course Description

INTRODUCTION

This innovative GLOMACS Governance Arms of Risk Management training course aims at realizing and improving the roles of Risk Management, Audit and Compliance & Anti-Money Laundering / Combating Terrorism Finance functions within the Corporate Governance parameters in order to achieve cooperation among these functions and improve their process and harmony.

Take the guesswork out of your decision making; deliver a better bottom line. Increase your credibility, satisfy your drive to be the best, and become the hero in your organization.

This training course will highlight:

  • Improved Alignment to Mission, Vision and Values of the Organization
  • Increased Decision-making Agility
  • Increased Accountability for Key Objectives, Risks, and Initiatives
  • Corporate Governance, what is it exactly?
  • The Risk, Compliance & Internal Audit Triangle
  • Risk Catalog & Risk Taxonomies
  • The Evolution of Internal Auditing towards Risk-based Internal Auditing
  • Risk-based Compliance

Objectives

This training course in Governance Arms of Risk Management will enable the attendees to comprehend and foster their risk management, compliance and audit skills and knowledge, assimilating the fundamentals of the new risk-based audit & risk-based compliance methodology so that they can carry out their related assignments and report it in a highly professional manner.

At the end of this training course, you will learn to:

  • VALIDATE your knowledge of CG capabilities, and showcase your expertise in planning, assessing, and improving CG to achieve Principled Performance
  • COMPREHEND the core principles and practices of CG
  • UNDERSTAND organizational risk, risk appetite and risk tolerance
  • ACQUIRE the ability to link internal audit planning to organizational risk considerations, international frameworks and Standards to provide an organizational specific risk focused internal audit plan
  • GAIN improved ability to evaluate risk, incorporate risk attributes into the internal audit and compliance programs
  • LEARN how effective CG implementation enables the assessment, monitoring and reporting of governance risks in support of decision making, business performance, and adherence to regulations, policies and mandates
  • GAIN a comprehensive and effective culture of Compliance and ERM
  • LEARN Designing and Implementing an Effective AML and CTF Program

Training Methodology

Participants to this Governance Arms of Risk Management training course will receive a thorough training on the subjects covered by the training outline with the instructor utilizing a variety of proven adult learning teaching and facilitation techniques. Training methodology includes group discussions, Quizzes, group presentation, etc.

Organisational Impact

This Governance Arms of Risk Management training course gives an up-to-date perception 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.

Master Risk Management, Audit & Compliance & Anti-Money Laundering / Combating Terrorism Finance in one training session.

Personal Impact

This Governance Arms of Risk Management training course aims at improving the adaptation and integration of the concept and fundamental components of Corporate Governance to augment their professional knowledge about Corporate Governance principles, committees and requirements.

WHO SHOULD ATTEND?

This comprehensive GLOMACS Governance Arms of Risk Management training course is very useful for Managers in all diversified lines of business which are planning to apply proper corporate governance practice within their culture and operations, such as Banks and Financial organizations and private & government entities.

This training course is suitable to a wide range of professionals but will especially benefit:

  • Officers involved in the process of Risk Management
  • Compliance Officers
  • Officers involved in the process of Anti-Money Laundering
  • Officers involved in the process of Combating Terrorism Finance
  • Auditors and Internal Control Managers
  • Officers involved in the process of Corporate Governance
  • Law Enforcement Professionals
Course Outline

DAY 1

Corporate Governance, what is it exactly?

  • Corporate Governance: Definition, Concept, Rules, Principles
  • OECD Principles of CG
  • Corporate Governance: Role of the Board of Directors and Management
  • Responsibilities of Top Management and Board in Maintaining Good CG
  • Effective Executive Management & Board Members
  • Disclosure and Transparency

Corporate Governance, how to enforce it practically?

  • Mechanisms, Processes & Relations by which corporations are controlled
  • Difference between Executive and Non-Executive Board Members
  • Board’s Committees: Roles and Responsibilities
  • Role of Audit Committee / Risk Management Committee
  • Remuneration Committee: A Sensitive Role
  • Five Steps to Improve Corporate Governance
  • Introduction of Sarbanes-Oxley Act in USA in 2002 (Enron / WorldCom)

DAY 2

Risk Catalog & Risk Taxonomies

  • Introduction to Di­fferent Types of Risks Categories
  • Risk Management Universe
  • Risk Management Framework
  • Fundamental Concepts of Enterprise Risk Management
  • Identifying Credit Risks
  • Identifying Financial Risks
  • Identifying Operational Risks
  • Identifying Legal Risks
  • Identifying Political / Sovereign Risks
  • Identifying Ethical Risks / Identifying Fraudulent Risks
  • Identifying Non-compliance Risks
  • Identifying Reputational Risks

DAY 3

The Risk, Compliance & Internal Audit Triangle

  • The Fundamental Differences and Importance of its Convergence
  • Overlapping: Healthy or Wasteful?
  • Cooperation & Collaboration among these Functions
  • Corporate Governance Committees: Audit Committee is No. 1
  • Effective Executive Management & Board Members

The Evolution of Internal Auditing towards Risk-based Internal Auditing

  • What is Risk-based Internal Auditing?
  • The Transition from System-based to Risk-based Internal Auditing
  • Different Approaches to Internal Auditing
  • Risk-Based Audit Approach
  • Risk-Based Audit Methodology
  • How and why audit units move into risk based audit programs?
  • Audit the Control Environment

DAY 4

Prepare Risk-Based Internal Audit Plan and Execute it

  • Determination of Internal Auditing Universe
  • Risk Mapping
  • Risk Registration
  • Developing Internal Auditing Plan
  • Preparation of a Clear Plan to be Approved by Audit Committee
  • Efficiency in the Non-recurrence of Audit Notes
  • Audit References to Policies and Manual of Operational Rules & Regulations
  • Identification and Classification of Audit Risk

Compliance Risk Assessment & Management

  • Definition, Responsibilities and Goals
  • Risk Assessment and Management Methodology
  • Surveying for Threats & Assessing Vulnerabilities
  • Risk Tolerance and Residual Risk
  • Designing Controls for Risk Mitigation-Self-Assessments
  • Review Design and Auditor Selection
  • Program Development / Computer-assisted Auditing Techniques

DAY 5

Money Laundering

  • Definition, Responsibilities and Goals
  • Money Laundering Threats and Methods
  • Terrorist Financing Threats and Methods
  • International Standards for Anti – Money Laundering / Combatting Terrorism Finance

Compliance Program Governance for Anti – Money Laundering / Combatting Terrorism Finance

  • Basic Terms and Definitions
  • Regulatory Compliance Management Frameworks
  • Regulatory Compliance by Design and Tone at the Top
  • Roles and Responsibilities
    • Board of Directors
    • Senior Management
    • Business Unit Leaders
    • Compliance
    • Legal
    • Internal Audit
Certificates
  • On 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 Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

Visit website

KC Academy

KC Academy

Our collaboration with KC Academy aims to provide the best training services and benefits for our valued clients

Visit website

Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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