In today’s complex global business environment, having a transparent view of information and a coordinated approach to the governance, management and assurance of performance, risk and compliance is critical to success. Organizations that understand and apply the principles of integrated governance, risk management and compliance (GRC), in both processes and technology, have a real competitive advantage.
The objective of this seminar is to provide attendees with the knowledge necessary to effectively design and enhance integrated GRC activities across the organization based on established GRC standards from OECG, the organization that defined GRC and is the only international framework model related to GRC. in an organization charged with the major activities into an integrated GRC capability (e.g. audit, legal, human resources, IT, compliance, risk management, ethics, the boards, etc…).
This training course enables participants to effectively design and enhance GRC activities within any organization based on established, internationally recognized GRC standards, and effectively audit the GRC capability.
By the end of the course, participants will be able to:
- Understand the core concepts related to governance, risk management and compliance (GRC)
- Understand the key roles necessary to create an integrated GRC capability at your organization (e.g. audit, legal, human resources, IT, compliance, risk management, ethics, the boards, etc…).
- Learn the necessary components to help your organization become a Principled Performer – reliably achieve objectives, while addressing uncertainty and acting with integrity
- Motivate and inspire desired conduct through the concept of Principled Performance
- How to develop and implement a GRC strategic plan
- Align risk and compliance in context of your organization
- Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance Implement GRC processes that are effective and efficient
- Learn how to provide assurance on the GRC activities by using a risk-based audit approach
GRC training course is designed for:
- Internal auditors
- Compliance professionals
- Governance professionals
- Risk management professionals
- GRC professionals
- Legal professionals
- IT professionals dealing with GRC
- Managers responsible for GRC activities
- Executives and board members
The practical and results-oriented GRC training course is based on adult learning concept. It incorporates short inspiring lectures with captivating PowerPoint slides; videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.
Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.
Day 1 : Compliance & Regulatory Environment
- An overview of the regulatory environment
- The objectives of financial services regulation
- Major trends in the global regulatory environment
- Key regulations that impact (transnational) finance institutions
- Key characteristics of the more recently announced holistic regulatory changes and new legislature
- International Regulation
- The role of the regulators
- What do the Regulators expect?
- Your jurisdiction environment
- The difference between a best practice and a regulatory obligation
Day 2 : Risk
- Main types of risk classes that Firms face and have to cope with
- Characteristics of the main risk classes
- Fundamental concepts of each of the risk classes
- Understanding a Risk-Management Approach
- The impact on the business – positively and negatively – of creating a Risk-Management Approach
- The need for Internal Controls
- Understand how to identify, mitigate and control risks effectively
- Approaches to risk assessment
- Effective Management of Compliance Risks
Day 3 : 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
- Banks and Financial Institutions required to file Suspicious Activity Reports (SARs)
Day 4 : Governance
- National International environment for corporate governance
- Shareholders and Stakeholders
- Board of director’s responsibilities according to SAMA
- Audit Committee
- Corporate Social Responsibility.
- Sound Corporate Governance Practices in Banking
- The Role of Public Disclosure
- Supervisors and Transparency
- Case Study : GRC
Day 5 : GRC
- Overview of ‘governance’, ‘risk’ and ‘compliance’ (i.e., GRC)
- Principles and benefits associated to governance, risk and compliance
- GRC integrated approaches and their key enablers
- Role and Responsibilities of Board and Committees.
- Selective best practices .
- Building an effective, holistic governance, risk and compliance model across an organization