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Course Schedule
Classroom Sessions:
DateVenueFees
17 - 21 Feb 2025 London - UK $5,950
06 - 10 Oct 2025 London - UK $5,950
Course Description

INTRODUCTION

This Advanced GLOMACS “Governance, Risk Management, Banking & Financial Knowledge Update” training course aims at improving the adaptation and integration of the fundamental components and tools of Governance: Risk Management, Compliance and Internal Audit Processes. 

This Governance, Risk Management, Banking & Financial Knowledge Update training course will also update your skills and awareness of the various banking products & techniques and financial instruments & practices that serve and support the governance process within the organization.

Objectives

Upon the completion of this advanced Governance, Risk Management, Banking & Financial Knowledge Update training course, participants will gain:

  • Improve alignment to mission, vision and values of the organization
  • Evolve performance and accountability
  • Increase decision-making agility
  • Advance accountability for key objectives, risks, and performance
  • Enhance convergence of  Governance components
  • Reduce the financial risk while achieve your organization’s goals
  • Understand fundamental concepts of Governance & Fiscal Sustainability

Training Methodology

A variety of seminar tools to reach the participants will be applied in a diverse manner. This GLOMACS Governance, Risk Management, Banking & Financial Knowledge Update. Training course will combine “hearing” and “seeing and writing”. A number of methods will include brainstorming, exercises, group discussion and sharing experiences.

Organisational Impact

  • Key Principles of Good Governance in the Public Sector
  • Governance Benefits & Barriers
  • The Risk, Compliance & Internal Audit Triangle
  • Internal Audit New Approach: Risk-based Audit
  • Compliance New Approach: Risk-based Compliance
  • Risk Management Taxonomies
  • Strategies to Institutionalize the Regulation, Monitoring, and Enforcement of Government Projects and Programs
  • Strategies to Reduce Systemic Corrupt Practices in Government Operations
  • Fiscal Management Accountability: Revenue Forecasting and Expense Budgeting
  • Banking Activities Related to Managing Their Business
  • Cash Flow Analysis, Liquidity and Working Capital Management
  • Financial Analysis and Ratio Analysis

Personal Impact

Upon the completion of this advanced GLOMACS training course, participants will gain:

  • Improved alignment to mission, vision and values of the organization
  • Improved performance and accountability
  • Increased decision-making agility
  • Increased accountability for key objectives, risks, and performance measurement
  • Enhanced convergence of CG components
  • Improved confidence in managerial competences

WHO SHOULD ATTEND?

This Governance, Risk Management, Banking & Financial Knowledge Update training course is suitable to a wide range of professionals working on Governmental Organizations and Public Sector Entities which are planning to apply proper governance within their culture and operations.

This Governance, Risk Management, Banking & Financial Knowledge Update training course is suitable to a wide range of professionals but will greatly benefit:

  • Senior and middle level management of the Governmental Organizations and Public Sector entities
  • Executive management and directors
  • Responsible directors working at finance, internal audit, risk management
  • Managers of compliance and internal control departments
Course Outline

Day 1

Governance, What is it about? Key Principles of Good Governance in the Public Sector

  • The Definition, Goals, Basics and Principles of  Governance
  • The Added Value of  Governance
  • Building Governance Framework
  • Key Principles of Good Governance in the Public Sector
  • Key Requirements to Achieving Good Governance in the Public Sector
  • External & Internal Parties Involved in Governance Process
  • Governance Committees - Audit Committee The Most Important One
  • Benefits of Integrating Governance Activities
  • Effective Executive Management & Board Members
  • Barriers / Obstacles That Prevent Full Implementation of Governance
  • OECD Principles of Governance

Day 2

The Risk, Compliance & Internal Audit Triangle

  • The Fundamental Differences and Importance of Its Convergence
  • Overlapping: Healthy or Wasteful?
  • Cooperation Among These Functions
  • New Trend in Audit: Risk-based Internal Audit
  • How and Why Audit Units move into Risk-based Audit Programs
  • Auditing the Control Environment
  • Risk-based Compliance: Definition, Responsibilities and Goals
  • Anti-Money Laundering

Day 3

Banking System - Benefits of Dealing with Banks

  • Commercial Banks vs. Investment Banks
  • Different Bank Accounts - Savings, Time Deposit, Current A/C’s
  • Lending Types: Overdraft vs. Term Loan and Lending Collaterals
  • Letter of Credit and Letter of Guarantee
  • Terminology & Concepts

Day 4

Interpretation of Financial Statements - Financial Structure & Financial Analysis

  • Why do we have Financial Statements?
  • Purpose & Objectives of Auditing Financial Statements
  • Financial Position Components: Assets & Liabilities
  • Understanding The Characteristics of The Financial Statements
  • Healthy / Unhealthy Financial Structure
  • Profitability, Liquidity, Leverage, Activity & Debt Ratios
  • Gap Analysis & Mismatch Problem
  • Cash Flow Analysis

Day 5

Risk Management Taxonomies

  • Risk Management Framework
  • Risk Management Triangle
  • Credit Risk, Operational Risk, Market Risk
  • Risk Control Self-Assessment (RCSA) and Heat Map
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

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.

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