Corporate Compliance, Audit, Monitoring And Risk Management Training

Introduction

In today's demanding economic environment, organizations face increasing pressure to ensure that their operations are conducted ethically, with integrity, and in compliance with legal and regulatory requirements. Compliance training has become essential for organizations to build robust compliance systems and processes that are integrated into business operations rather than functioning as a separate process. Effective compliance management helps organizations mitigate risks, enhance their credibility, and ensure sustainable growth. Our Corporate Compliance, Audit, Monitoring, and Risk Management Training course is designed to equip participants with the knowledge and skills necessary to develop and manage comprehensive compliance programs.

This training covers all critical aspects of compliance management, including compliance risk assessment, audit techniques, monitoring tools, and risk management strategies. Participants will gain hands-on experience in creating compliance policies, implementing compliance programs, and managing compliance-related risks. By understanding and predicting potential compliance risks, participants will be able to devise and implement effective strategies to mitigate these risks and ensure that their organizations adhere to ethical and legal standards. This course on Corporate Compliance, Audit, Monitoring, and Risk Management will empower professionals to play crucial roles in their organizations' compliance frameworks, fostering a culture of integrity and accountability.

Course Objectives

The main objective of this Corporate Compliance, Audit, Monitoring, and Risk Management course is to empower professionals with:

• In-depth understanding of compliance and compliance management.
• Knowledge to comply with all necessary standards and rules.
• Skills to partake in devising and managing compliance programs and processes.
• Advanced techniques and tools for effective compliance management.
• Ability to predict and mitigate compliance-related risks.
• Foresight to prepare for future changes in standards and rules.
• Increased ability to play a vital role in organizational success, enhancing career prospects.

Duration

10 Days

Who Should Attend

This training course on Corporate Compliance, Audit, Monitoring, and Risk Management is suitable for a wide range of professionals, including:

• Senior management responsible for ensuring organizational compliance.
• Compliance officers managing compliance policies and protocols.
• Human resource professionals integrating compliance into work culture.
• Internal and external auditors certifying adherence to standards.
• Investors and shareholders interested in compliance credibility.
• Legal and financial advisors impacted by compliance requirements.
• Government officials working with organizations affected by regulatory changes.
• Any professional interested in compliance management and ethical practices.

Course Content

Module 1: Overview of Compliance

• Definition of compliance
• Compliance framework
• Compliance standards and rules

Module 2: Features of Successful Compliance Activities

• Design compliance into business workflows
• Coordinate with related assurance activities
• Assess for burden and integration

Module 3: Steps to a Compliance Risk Management Approach

• Prioritize activities
• Make regulatory alerts actionable
• Assess and manage business impact

Module 4: Steps in Compliance Risk Analysis

• Risk identification
• Risk assessment
• Risk evaluation
• Risk treatment
• Monitoring, review, and corrective action
• Communication

Module 5: Scope of a Compliance Program

• Define program mandate
• Mitigate and monitor risks
• Establish policies and procedures
• Oversee allegations of misconduct
• Provide training and communication
• Reinforce behavioral expectations
• Manage the function

Module 6: Challenges in Compliance Management

• Compliance silos
• Lack of a single compliance view
• Home-grown systems
• Old, rigid software
• Lack of automated monitoring

Module 7: Factors Impacting Compliance Management

• Nature of board and audit committee
• Management's philosophy and operating style
• Organizational structure
• Risk culture and tolerance

Module 8: Importance of Compliance Programs

• Enhanced visibility into organizational risks
• Greater accountability for risk management
• Assurance on stewardship of funds
• Culture of ethics and compliance

Module 9: Elements of an Effective Compliance Program

• Experienced audit committee
• Written policies and procedures
• Training and education
• Lines of communication
• Standards through disciplinary guidelines
• Internal compliance monitoring
• Response to detected offenses
• Periodic risk assessments

Module 10: Responsibilities of Compliance Programs

• Fiduciary responsibility
• Federal financial reporting
• Internal controls/standards
• Legal and regulatory requirements
• Organizational policies

General Notes

• This course is delivered by seasoned trainers with vast experience as expert professionals in their respective fields. It combines practical activities, theory, group work, and case studies.
• Participants receive comprehensive training manuals and additional reference materials.
• Upon successful completion, participants are awarded a certificate.
• Customized training courses can be arranged to meet specific organizational needs. Contact us at training@skillsforafrica.org for more information.
• The training will take place at the SKILLS FOR AFRICA TRAINING INSTITUTE.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfers can be arranged upon request.
• Payment should be sent to our bank account before the start of training, with proof of payment sent to training@skillsforafrica.org.