Governance, Risk Management And Compliance (grc) Training Course

INTRODUCTION

Maintaining transparency and integrity within organizations cannot be wished away if holistic success is to be achieved. A well-coordinated approach to governance, risk management, and compliance (GRC) is vital for any organization aiming to achieve sustainable growth while navigating the challenges of the global business environment. GRC practices not only help manage risks and ensure regulatory compliance but also bolster governance frameworks, thereby providing a competitive advantage in the marketplace. This comprehensive GRC training course will equip participants with the essential knowledge and tools needed to build and enhance GRC frameworks within their organizations. Through adherence to the Open Compliance and Ethics Group (OCEG) standards, participants will learn how to implement best practices that align with international benchmarks in governance, risk management, and compliance. Participants will delve into the core principles of GRC, exploring the strategic integration of these elements to support organizational goals. The course also covers the roles and responsibilities necessary for effective GRC management and offers hands-on experience in designing and auditing GRC processes. This training emphasizes the concept of principled performance—achieving objectives while effectively managing risks and maintaining ethical integrity. By fostering a culture of compliance and ethical conduct, participants will learn to drive long-term success and resilience within their organizations.

Course Objectives

By the end of this course, participants will be able to:

• Understand Core Concepts: Grasp the fundamental principles of governance, risk management, and compliance.
• Identify Key Roles: Recognize the critical roles needed to establish an integrated GRC capability within their organization, including audit, legal, human resources, IT, compliance, risk management, and ethics.
• Develop Strategic Plans: Create and implement strategic plans for GRC that align with organizational objectives.
• Motivate and Inspire: Encourage desired conduct within the organization through the concept of principled performance.
• Enhance Organizational Culture: Define and improve the organizational culture as it relates to performance, risk, and compliance.
• Implement Effective Processes: Design and execute efficient GRC processes that mitigate risks and ensure compliance.
• Assure Activities: Use a risk-based audit approach to assure GRC activities and enhance their effectiveness.

Duration

5 Days

Who Should Attend

This course is ideal for:

• Internal Auditors
• Compliance and Governance Professionals
• Risk Management Professionals
• GRC Professionals
• Legal Professionals
• IT Professionals dealing with GRC
• Managers responsible for GRC activities
• Executives and Board Members

Course Content

Module 1: Compliance & Regulatory Environment

• Overview of the regulatory environment
• Objectives of financial services regulation
• Trends in global regulatory environments
• Key regulations impacting transnational financial institutions
• Characteristics of recent regulatory changes
• Role of international regulators
• Best practices vs. regulatory obligations

Module 2: Risk Management and Internal Controls

• Types and characteristics of risk classes
• Fundamental concepts of risk management
• Business impact of risk management approaches
• Need for internal controls
• Identifying, mitigating, and controlling risks
• Risk assessment approaches
• Managing compliance risks effectively

Module 3: Dealing with Financial Crimes

• Money laundering laws
• Fraud prevention strategies
• Bribery and corruption controls
• Market abuse and insider dealing prevention
• Risk-based approaches to money laundering and terrorist financing
• High-risk indicators and escalation procedures
• Filing Suspicious Activity Reports (SARs)
• Sanctions and regulatory compliance

Module 4: Corporate Governance

• National and international corporate governance frameworks
• Roles of shareholders and stakeholders
• Responsibilities of the board of directors
• Role of the audit committee
• Corporate social responsibility
• Best practices in corporate governance for banking
• Public disclosure and transparency
• Case study on GRC

Module 5: Governance, Risk Management, and Compliance Strategic Approaches

• Overview of GRC principles and benefits
• Integrated approaches to GRC and key enablers
• Roles and responsibilities of boards and committees
• Selective best practices for GRC implementation
• Building an effective and holistic GRC model across an organization

General Notes

• The course is delivered by experienced trainers with extensive expertise in the field.
• Training includes a mix of practical activities, theoretical knowledge, group work, and case studies.
• Participants receive comprehensive training manuals and additional reference materials.
• A certificate is awarded upon successful course completion.
• Custom-tailored courses to meet specific organizational needs are available. Contact us at training@skillsforafrica.org for more information.
• The training will be conducted at the Skills for Africa Training Institute in Nairobi, Kenya.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfer can be arranged upon request.
• Payment should be made to our bank account before the training starts, and proof of payment sent to: training@skillsforafrica.org