Introduction:

Advanced Governance, Risk and Compliance Course, a comprehensive course designed to provide participants with the knowledge and tools necessary to strengthen the regulatory and oversight framework in their organizations. In this course, we will dive deep into advanced governance concepts, exploring the latest practices and strategies to build a robust infrastructure that helps reduce risks and ensure full compliance with international legislation and standards. We'll also cover how to manage risk effectively and use compliance as a strategic tool for stability and growth. Participants will gain a clear understanding of how to apply the basic principles of advanced governance, risk management, and compliance in diverse contexts.

Course objectives:

At the end of the course, participants will be able to:

Gain an understanding of governance, risk and compliance elements

Understand the initial performance and integrated approach of GRC

Develop a strategic plan for governance, risk management and compliance

Implement effective and flexible GRC processes using the OCEG GRC Capabilities Model

Conduct continuous monitoring and continuous improvement of GRC activities through metrics and measurement

Understand, define and enhance organizational culture as it relates to performance, risk and compliance

Learn how to leverage technology at GRC

Content:

Advanced Governance Framework:

The intellectual framework of the concept of governance

Stakeholders in corporate governance

Scope of corporate governance

Governance principles and rules

The four main pillars of corporate governance

Added value to organizational governance

Governance committees

Enterprise risk management:

Areas of risk management

The cycle and steps of the risk management process

Implement controls in business cycles

Components of the risk management structure

Elements of financial and operational risk management

Risk assessment steps.

Risk-based auditing

Risk management process as per COSO guidelines

Compliance monitoring

Best practices for effective compliance:

Introduction to compliance

Practical examples of compliance

Compliance risks

The role of compliance management in governance success

Compliance management as a protective shield within organizations

Roles and responsibilities of the compliance function in combating financial crimes

Innovative and useful tools for financial crime compliance.

The integrated approach to GRC:

Preparing a strategic plan for governance, risk management and compliance

Procedures for implementing GRC operations

Technological applications in GRC

Continuous monitoring and continuous improvement metrics for GRC activities

The role of the internal audit department in the success of governance and compliance:

Basics of business continuity management

The tasks and responsibilities of the Internal Audit Department in activating governance

Formation of the audit committee

Responsibilities of members of the audit committee

The role of audit committees in supporting the application of organizational governance

Evaluating operational and financial internal control systems

The role of internal audit and control in achieving effective compliance