Regulatory & Compliance Risk Management Training Course

Introduction

In today's dynamic global landscape, robust Regulatory and Compliance Risk Management is an absolute necessity for organizations seeking to maintain legal standing, protect their reputation, and avoid significant financial penalties. This essential training course is meticulously designed to equip compliance officers, risk managers, legal professionals, internal auditors, and senior executives with the specialized knowledge and practical skills required for navigating evolving regulatory environments and avoiding compliance pitfalls. Participants will gain a comprehensive understanding of identifying, assessing, mitigating, and monitoring compliance risks across various regulatory domains, implementing effective compliance frameworks, and fostering a strong ethical culture. Our rigorous curriculum emphasizes hands-on application, best practices, and real-world case studies pertinent to complex international operations, empowering you to build truly compliant and resilient organizations.

This compliance risk strategy course is crucial for individuals and organizations striving to move beyond reactive compliance towards a proactive, integrated approach to managing regulatory complexities. Mastering regulatory change management, implementing effective compliance program design, and understanding strategies for ethical conduct and misconduct prevention are indispensable for safeguarding against legal exposure, enhancing corporate governance, and maintaining stakeholder trust. This program offers an unparalleled opportunity to elevate your expertise in strategic compliance oversight and regulatory intelligence, positioning your organization at the forefront of ethical leadership and driving significant long-term value creation through robust regulatory adherence.

Target Audience

• Compliance Officers & Managers
• Legal Counsel & Paralegals
• Risk Management Professionals
• Internal Auditors
• Corporate Governance Professionals
• Regulatory Affairs Specialists
• Senior Executives & Board Members

Course Objectives

• Understand the fundamental concepts of regulatory and compliance risk management.
• Learn methodologies for identifying and assessing compliance risks across diverse regulatory landscapes.
• Master techniques for effective regulatory change management and horizon scanning.
• Develop proficiency in designing, implementing, and maintaining robust compliance programs.
• Explore best practices for fostering an ethical organizational culture and preventing misconduct.
• Understand the role of technology and data analytics in enhancing compliance risk insights.
• Learn about robust compliance reporting, metrics, and Key Risk Indicators (KRIs).
• Identify the critical role of leadership and tone-at-the-top in driving compliance.
• Develop skills in conducting compliance risk assessments and due diligence.
• Understand the implications of cross-border regulations and international compliance standards.
• Explore strategies for managing third-party compliance risk.
• Drive the implementation of a comprehensive regulatory and compliance risk management framework.
• Position yourself as a leader capable of navigating complex regulatory environments and ensuring adherence.

Duration

10 Days

Course Content

Module 1. Foundations of Regulatory & Compliance Risk Management

• Defining regulatory risk and compliance risk: key distinctions and interdependencies
• The evolving global regulatory landscape and its impact on businesses
• Consequences of non-compliance: fines, reputational damage, legal action
• Overview of common regulatory domains (e.g., financial, data privacy, environmental)
• The role of compliance in good corporate governance

Module 2. Regulatory Landscape and Horizon Scanning

• Methods for monitoring and analyzing new and evolving regulations
• Utilizing regulatory intelligence tools and services
• Identifying relevant laws, standards, and industry guidelines
• Assessing the impact of regulatory changes on business operations
• Developing a structured approach to regulatory change management

Module 3. Compliance Program Design and Implementation

• Key components of an effective compliance program (e.g., policies, procedures, training)
• Developing a compliance framework aligned with organizational objectives
• Risk-based approach to compliance program design
• Resource allocation for compliance functions
• Best practices for program documentation and communication

Module 4. Compliance Risk Assessment and Due Diligence

• Methodologies for conducting compliance risk assessments
• Identifying high-risk areas within operations, products, and services
• Performing due diligence on third parties for compliance risks (e.g., ABC, sanctions)
• Mapping regulatory obligations to internal controls
• Using risk matrices and heat maps for compliance prioritization

Module 5. Ethical Culture and Misconduct Prevention

• The importance of an ethical organizational culture for compliance
• Developing and enforcing codes of conduct and ethics
• Whistleblower protection policies and hotlines
• Promoting integrity, transparency, and accountability
• Strategies for preventing fraud, bribery, and corruption

Module 6. Anti-Money Laundering (AML) & Sanctions Compliance

• Understanding AML/CFT regulations and international standards (e.g., FATF)
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes
• Sanctions screening and compliance with international sanctions regimes
• Suspicious Transaction Reporting (STR) procedures
• Managing the risks of financial crime

Module 7. Data Privacy and Cybersecurity Compliance

• Overview of major data privacy regulations (e.g., GDPR, CCPA, HIPAA)
• Principles of data protection by design and by default
• Managing data breaches and incident response in a compliance context
• Cybersecurity compliance standards and best practices
• Ethical data handling and privacy implications

Module 8. Regulatory Reporting and Communication

• Identifying mandatory regulatory reporting requirements
• Ensuring accuracy and timeliness of regulatory submissions
• Designing clear and concise compliance reports for management and the Board
• Communicating compliance risks and status to internal and external stakeholders
• Leveraging technology for automated reporting

Module 9. Compliance Training and Awareness

• Designing effective compliance training programs for all employees
• Tailoring training to specific roles and regulatory obligations
• Utilizing engaging formats: e-learning, workshops, simulations
• Measuring the effectiveness of training in changing behavior
• Continuous awareness campaigns for fostering a compliance culture

Module 10. Compliance Monitoring, Auditing, and Enforcement

• Developing a robust compliance monitoring program
• Conducting internal compliance audits and reviews
• Responding to regulatory inquiries, examinations, and investigations
• Implementing corrective actions for compliance gaps
• Enforcement actions and disciplinary measures for non-compliance

Module 11. Third-Party Compliance Risk Management

• Assessing compliance risks introduced by vendors, partners, and agents
• Developing third-party risk management policies and procedures
• Contractual clauses for compliance requirements in third-party agreements
• Monitoring third-party compliance performance
• Addressing supply chain compliance risks

Module 12. Technology in Regulatory & Compliance Risk Management

• Overview of RegTech solutions: regulatory intelligence, automated monitoring
• Utilizing GRC (Governance, Risk, and Compliance) platforms
• Leveraging AI and machine learning for compliance analytics and anomaly detection
• Automation of compliance processes and controls
• Data governance for compliance purposes

Module 13. Future Trends in Regulatory Compliance

• The impact of digitalization and emerging technologies on regulation
• Increased focus on ESG (Environmental, Social, Governance) compliance
• Cross-border regulatory harmonization and fragmentation
• Proactive vs. reactive compliance strategies
• The evolving role of the Chief Compliance Officer (CCO) in the organization

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre.

We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 10 working days before commencement of the training.