Introduction
This GLOMACS Governance, Risk & Compliance (GRC) for Compliance & Regulatory Professionals training course brings governance, risk management and regulatory compliance together in one intensive week. It equips you to understand your regulators, meet your legal obligations and build compliance systems that protect your organisation from regulatory breaches, financial crime and reputational damage. Whether you lead the compliance function, manage risk or work closely with the board, you will learn to connect governance structures, risk assessment and daily compliance activity into one effective framework.
Combining the strategic view of governance with the operational detail of compliance, the course moves from the regulatory environment and board responsibilities through risk assessment and financial crime prevention to the design of a compliance programme. You will gain practical tools to develop compliance manuals and monitoring programmes, apply a risk-based approach, strengthen relationships with regulators and the board, and promote an ethical compliance culture at every level of your organisation, turning regulatory requirements into confident, practical action.
This training course will highlight:
- The regulatory environment, international regulation and the expectations of regulators
- Corporate governance, board responsibilities and the role of the compliance function
- Risk management, internal controls and approaches to risk assessment
- Financial crime prevention, including money laundering, fraud, bribery and sanctions
- Designing, monitoring and integrating an effective compliance and GRC model
Objectives
At the end of this training course, you will learn to:
- Understand regulatory environments and regulator expectations
- Apply governance principles to compliance responsibilities
- Apply a risk-based approach to compliance
- Detect and prevent financial crime effectively
- Develop compliance programmes and integrated GRC models
Training Methodology
Participants will receive an overview of best practice in governance, risk management and regulatory compliance. The training course combines group instruction, worked examples, case studies and role-play with ongoing group discussion. Interactive participation is encouraged throughout, so that delegates can apply the concepts to the regulatory and organisational realities of their own jurisdictions and roles.
Organisational Impact
The organisation will benefit from this training course in the following ways:
- Stronger support for governance, risk and compliance teams
- More reliable analysis of regulatory bodies and requirements
- Compliance programmes suited to the organisation's business and risks
- Better identification of the causes of non-compliance and gaps
- An effective, integrated GRC plan aligned with strategic performance
- Staff prepared for greater responsibility and a stronger compliance culture
Personal Impact
Delegates will gain the following personal benefits from this training course:
- A complete understanding of the regulatory environment and your regulator
- Practical skills to run and support the compliance function
- Confidence in managing regulatory, compliance and financial crime risk
- Tools to detect policy violations and avoid legal liability
- Stronger relationships with regulators, board members and colleagues
- Enhanced credibility, ethical awareness and career prospects in GRC roles
Who should Attend?
This training course suits professionals responsible for, or supporting, governance, risk and compliance activities. It is equally relevant to specialists and managers who need a broad, integrated understanding of all three disciplines.
This training course is suitable to a wide range of professionals but will greatly benefit:
- Compliance Officers / Managers and their Deputies
- Governance Professionals, Company Secretaries, Executives and Board Members
- Risk Managers and GRC Professionals
- Internal and External Audit Staff
- Legal Professionals, Lawyers and Accountants
- AML Officers and MLROs
- Regulatory Representatives
- Managers with responsibility for internal compliance controls
- IT, Operations and other professionals dealing with governance, risk and compliance
- All staff working in, or aspiring to work in, the compliance area
Regulatory Environment and the Role of Regulators
- Introduction to Governance, Risk and Compliance (GRC)
- Overview of the regulatory environment and the objectives of financial services regulation
- International regulation and key regulations affecting transnational institutions
- The role of regulators and what regulators expect
- Knowing your regulator and the compliance environment in your jurisdiction
- Best practice in meeting regulatory obligations
- ISO 37301:2021 – Compliance Management Systems
Corporate Governance and the Compliance Function
- National and international environment for corporate governance
- Understanding the external and internal context of your organisation and dealing with stakeholders
- Roles of the board of directors, audit committee, supervisors, and internal and external auditors
- Corporate social responsibility, public disclosure and transparency with supervisors
- Compliance structure and the compliance function within the organisation
- Responsibilities of the compliance officer, key compliance activities and processes
- Compliance and corporate governance, including financial crime prevention and conflicts of interest
- Best practice in communicating to the right people
Risk Management and Compliance Risk
- Main risk classes that firms face, their characteristics and fundamental concepts
- Understanding and creating a risk management approach
- The need for internal controls to identify, mitigate and control risks
- Approaches to risk assessment, including compliance, fraud and organisational risk
- Compliance gap analysis
- Strategies to detect desired and undesirable events
- Using a risk-based audit approach
- Building a compliance and risk culture and managing key internal and external relationships
Financial Crime Prevention
- Money laundering offences and money laundering laws
- The roles of the MLRO and the compliance officer
- The risk-based approach to money laundering and terrorist financing
- Building a risk-based Customer Due Diligence (CDD) process
- Identifying high-risk indicators, escalation, and suspicious activity monitoring, detection and reporting
- Preventing fraud, bribery and corruption
- Market abuse and insider dealing
- Sanctions and their role in the global economy
Building an Effective Compliance Function and an Integrated GRC Model
- Factors to consider in designing and developing an internal compliance system
- Establishing policies, procedures and a compliance manual
- Creating a compliance monitoring programme, record keeping and compliance reports
- The need for independence and the roles of the board, committees and functions
- Compliance training, communication and ongoing compliance with laws and regulations
- Managing regulators and changes in regulations
- GRC principles, integrated approaches and their key enablers
- Selective best practices for building an effective GRC model in your organisation
- 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
