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Course Description

As digital technology transforms business landscapes and regulations, new risks abound with the challenge for organizations to upkeep their standards of risk and compliance. This course delves into the elements of governance, risk, and compliance for participants to understand and apply in their workplaces. This will also enable participants to improve standards of risk and compliance through innovative approaches and enhance processes to comply with increasing regulations. It includes discussions about board structures, committees, and their functions while covering the detailed process of managing risks.

Course Objectives

Upon the successful completion of this course, each participant will be able to:

  • ​Understand the core concepts related to governance, risk management and compliance.
  • Identify high-risk areas and compliance in your organization
  • Develop and implement a governance, risk management and compliance strategic plan.
  • Adopt an integrated approach toward GRC to support business strategy and sustainability.
  • Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance.
  • Implement governance, risk management and compliance processes that are effective and efficient.
  • Improve business performance by implementing systems and structures that support effective risk management.
  • Integrate and strategically align GRC through adopting effective methods.

Who Should Attend?

This course is designed for Board Members, Internal Auditors, Senior Management, Compliance Officers, Governance Professionals, Risk Managers, Regulatory Representatives, Legal Counsel, HR Managers, GRC Professionals, and any professionals dealing with governance, risk management, and compliance.

Course Agenda

Registration​

Welcome & Introduction

Pre-Test

Compliance & Regulatory Environment

  • Overview of Governance, Risk and Compliance
  • Key Regulations that Impact Finance Institutions
  • International Regulation
  • The Role of the Regulators
  • Definition and Importance of Compliance
  • Practical Examples of Compliance
  • Compliance Risk Assessments
  • Compliance Gap Analysis
  • Organizational Risk Assessment

Risk Management Areas

  • Types of Risk Classes
  • Fundamental Concepts of Each of the Risk Classes
  • Organizational Risk Assessment
  • Risk Management Approach
  • The Need for Internal Controls
  • Identify, Mitigate and Control Risks
  • Approaches to Risk Assessment
  • Develop Appropriate Strategy to Detect Desired and Undesirable Events

Corporate Governance

  • Objectives of Corporate Governance
  • Internal and External Auditors
  • Senior Management Leadership
  • Dealing with Stakeholders
  • Board of Director’s Responsibilities
  • Audit Committee
  • Corporate Social Responsibility
  • Disclosure and Transparency

Implementing Controls in Business Cycles

  • Controls in Purchase and Payment Cycle
  • Controls in Inventory and Costing Cycle
  • Controls in HR and Payroll Cycle
  • Controls in Sales and Collection Cycle
  • Controls in Fixed Assets Life Cycle

Governance, Risk Management and Compliance

  • Concepts of the Model of 'Governance', 'Risk' and 'Compliance'
  • Principles of Governance, Risk and Compliance
  • Roles and Responsibilities
  • Integrated Approaches and their Key Enablers
  • GRC Strategic Approaches
  • Selective Best Practices
  • Building an Effective Model of Governance, Risk and Compliance in Your Organization

Post Test

End of the Course

Assessment Methodology

All courses conducted by EdTech will begin with a Pre-evaluation and end with a Post-evaluation. The instructor will evaluate the knowledge and skills of the participants according to the feedback given by participants. This will help to recognize the benefits and the level of knowledge gained by participants through the course.

Training Methodology

Facilitated by a highly qualified specialist, who has extensive knowledge and experience; this program will be conducted using extensively interactive methods, encouraging participants to share their own experiences and apply the program material to real-life work situations in order to stimulate group discussions and improve the efficiency of the subject coverage. Percentages of the total course hour classification are:

  • ​40% Theoretical lectures, Concepts and approach
  • 20% Motivation to develop individual skill and Techniques
  • 20% Case Studies and Practical Exercises
  • 20% Topic General Discussions and interaction

Course Manual

Participants will be provided with comprehensive presentation material as reference manual. This presentation material is a compilation of core valuable information, references, presentation methods and inspiring reading which will be used as a part of the material guide.

Course Certificate

At the completion of the course, all participants who successfully accomplished the required contact hours will receive an EdTech Training Participation Certificate as a testimony to their commitment to professional development and further education.

Why Edtech ?

  • Industry Experienced; Internationally Qualified Trainers
  • Hands-on Practical Sessions & Assignments
  • Intensive Study materials
  • Flexible Schedules
  • Realistic training methodology
  • High-Quality Training in Affordable Course Fees
  • Achievement Certificate, as approved by the Ministry of Education (Abu Dhabi Center for Technical and Vocational Education Training - ACTVET), HABC, AWS, IAOSHE, SHRM, etc.