Advanced Governance with Risk and Compliance

Overview:

Introduction:

Governance, Risk, and Compliance (GRC) form the foundation for organizations to ensure regulatory adherence, manage risks effectively, and establish strong governance structures. Effective GRC strategies enhance corporate resilience, prevent financial and operational risks, and align business activities with legal and ethical standards. This training program provides comprehensive knowledge on how organizations develop and perform GRC frameworks to meet regulatory demands, mitigate risks, and maintain sustainable operations.

Program Objectives:

At the end of this program, participants will be able to:

• Explore governance, risk, and compliance principles within global regulatory frameworks.

• Identify and assess risks while ensuring compliance with evolving regulations.

• Utilize risk mitigation strategies to enhance corporate resilience.

• Integrate OCEG methodologies for effective GRC execution.

• Develop sustainable GRC frameworks that adapt to dynamic regulatory changes.

Targeted Audience:

• Risk Managers and Compliance Officers.

•  Project managers.

• Contract officers.

• Internal Auditors and Governance Professionals.

• Legal and Regulatory Affairs Professionals.

• Business Executives and Corporate Leaders.

• Consultants and Advisors in GRC.

Program Outline:

Unit 1:

Fundamentals of Risk Management:

• Core principles and objectives of risk management.

• Categories of risks including operational, financial, compliance, and strategic.

• Techniques for risk identification, measurement, and prioritization.

• Risk mitigation methodologies and control frameworks.

• Role of leadership in proactive risk management.

Unit 2:

Regulatory Compliance Essentials:

• Key global regulatory frameworks.

• Importance of developing compliance programs and policies.

• Risk-based approaches to compliance management.

• Key activities for compliance reporting and regulatory audits.

• The impact of non-compliance on corporate sustainability.

Unit 3:

Corporate Governance Principles:

• The role of corporate governance in business sustainability.

• Governance models and accountability structures.

• Ethical decision-making and transparency in governance.

• Responsibilities of boards, executives, and stakeholders.

• Governance codes and their enforcement in organizations.

Unit 4:

Risk Assessment and Quantitative Analysis:

• Risk identification, analysis, and mitigation approaches.

• Quantitative vs. qualitative risk assessment methodologies.

• Risk prioritization tools and decision-making models.

• Role of predictive analytics in risk forecasting.

• Methods of communicating risk insights to stakeholders.

Unit 5:

Compliance Risk Management:

• Techniques for defining and managing compliance risks.

• Frameworks for developing policies for compliance risk mitigation.

• Tools for monitoring, testing, and evaluating compliance controls.

• Role of technology in compliance automation.

• Effective response strategies for regulatory changes.

Unit 6:

Internal Controls and Auditing:

• Core principles of internal controls and their impact on compliance.

• The processes involved in designing and implementing internal audit programs.

• Techniques for auditing financial and operational processes.

• The role of internal audits in fraud detection and prevention.

• Reporting and remediation strategies for audit findings.

Unit 7:

OCEG and the GRC Capability Model:

• Introduction to OCEG and its role in governance and compliance.

• The GRC Capability Model and its applications.

• How to integrate the OCEG frameworks into corporate governance strategies.

• Techniques for aligning risk, compliance, and business objectives using OCEG principles.

• Benefits of adopting a performance-driven GRC approach.

Unit 8:

Governance, Risk, and Compliance (GRC) Integration:

• The role of GRC in enterprise risk management.

• Key activities for designing an integrated GRC framework for organizations.

• Key challenges in implementing a unified GRC strategy.

• The role of leveraging data analytics in GRC decision-making.

• Enhancing organizational agility through GRC alignment.

Unit 9:

Ethical and Legal Considerations in GRC:

• Business ethics and regulatory compliance.

• How to manage conflicts of interest and ethical dilemmas.

• Whistleblower protection policies and risk implications.

• Legal accountability in risk and compliance governance.

• The role of leadership in ethical decision-making.

Unit 10:

Managing GRC in a Dynamic Regulatory Environment:

• Importance of adapting GRC strategies to emerging regulatory challenges.

• Leadership’s role in ensuring sustainable risk management.

• The role of leveraging automation and AI in compliance and governance.

• Tools for continuous monitoring and improvement.

• Frameworks for creating a compliance culture that drives long-term success.