Risk Management, Internal Controls & Compliance Training Course in Kenya
Introduction
In today's complex and volatile business landscape, mastering Risk Management, Internal Controls & Compliance is absolutely crucial for organizations seeking to safeguard assets, ensure operational integrity, uphold regulatory adherence, and achieve strategic objectives. This essential training course is meticulously designed to equip executives, compliance officers, internal auditors, risk managers, financial professionals, legal advisors, and operations personnel with the specialized knowledge and practical skills required for developing robust risk management frameworks, implementing effective internal controls, and navigating complex compliance requirements. Participants will gain a comprehensive understanding of enterprise risk management (ERM) principles, various control methodologies, the intricate web of regulatory obligations, and the strategic implications of an integrated approach to governance, risk, and compliance (GRC) for sustainable business growth. Our rigorous curriculum emphasizes hands-on application, international best practices (COSO, ISO 31000), and real-world case studies pertinent to diverse industry challenges, empowering you to build resilient and ethically sound organizations.
This corporate governance and compliance course is crucial for individuals and organizations striving to move beyond reactive problem-solving towards a proactive, strategic approach to managing uncertainty and ensuring responsible business conduct. Mastering enterprise-wide risk assessment, implementing strong internal control systems, and understanding strategies for navigating regulatory compliance are indispensable for minimizing financial losses, preventing fraud, protecting corporate reputation, and fostering stakeholder trust. This program offers an unparalleled opportunity to elevate your expertise in strategic organizational resilience and ethical business practices, positioning your organization at the forefront of good governance and driving significant long-term value creation through enhanced decision-making, reduced vulnerabilities, and assured regulatory adherence.
Target Audience
- Executives & Senior Management
- Compliance Officers & Managers
- Internal Auditors & Assurance Professionals
- Risk Managers & Analysts
- Legal Counsel & Corporate Secretaries
- Financial Controllers & Accounting Professionals
- Operations Managers & Department Heads
Course Objectives
- Understand the fundamental concepts and principles of risk management.
- Learn about international standards and frameworks for Enterprise Risk Management (ERM).
- Master various techniques for identifying, assessing, and evaluating organizational risks.
- Develop proficiency in designing and implementing effective internal control systems.
- Explore best practices for monitoring, reviewing, and improving internal controls.
- Understand the critical aspects of regulatory compliance across different industries.
- Learn about robust strategies for preventing fraud and detecting financial misconduct.
- Identify the critical role of governance, risk, and compliance (GRC) integration.
- Develop skills in conducting risk assessments and compliance audits.
- Understand the legal and ethical implications of non-compliance and weak controls.
- Explore strategies for fostering a strong risk-aware and compliance-driven culture.
- Drive the implementation of an integrated risk management, internal controls, and compliance framework.
- Position yourself as a leader in building resilient, compliant, and ethically sound organizations.
Duration
10 Days
Course content
Module 1. Introduction to Risk Management
- Defining risk and its categories (strategic, operational, financial, compliance, reputational)
- The importance of effective risk management in modern organizations
- Benefits of proactive risk management for decision-making and value creation
- Overview of common risk management terminology
- Risk appetite, risk tolerance, and risk culture
Module 2. Enterprise Risk Management (ERM) Frameworks
- Understanding COSO Enterprise Risk Management (ERM) Integrated Framework
- Introduction to ISO 31000:2018 Risk Management – Guidelines
- Components of a robust ERM program: governance, strategy, response, monitoring
- Integrating risk management with strategic planning and objectives
- Developing an ERM policy and framework
Module 3. Risk Identification, Assessment & Evaluation
- Techniques for identifying risks: brainstorming, SWOT, checklists, process mapping
- Risk assessment methodologies: qualitative (likelihood/impact matrix) and quantitative (VaR, Monte Carlo)
- Risk registers and heat maps for risk visualization
- Risk evaluation and prioritization techniques
- Emerging risks: cyber, climate, geopolitical, technological disruption
Module 4. Risk Treatment & Response
- Strategies for risk response: avoid, mitigate, transfer, accept
- Developing risk treatment plans and action items
- Implementation of risk control measures
- Residual risk and its management
- Cost-benefit analysis of risk treatment options
Module 5. Introduction to Internal Controls
- Defining internal control and its objectives (operational efficiency, financial reliability, compliance)
- Components of the COSO Internal Control – Integrated Framework (CRIME)
- Types of internal controls: preventive, detective, corrective
- Manual vs. automated controls
- The role of management and employees in internal control effectiveness
Module 6. Designing & Implementing Internal Controls
- Mapping business processes to identify control points
- Designing controls for key operational areas (e.g., procurement, sales, finance)
- Segregation of duties (SoD) and its importance
- Authorization matrices and approval processes
- Documentation of internal control systems
Module 7. Monitoring & Improving Internal Controls
- Continuous monitoring techniques for control effectiveness
- Internal control self-assessments
- Role of internal audit in assessing control effectiveness
- Remediation of control deficiencies and weaknesses
- Reporting on internal control effectiveness
Module 8. Regulatory Compliance Frameworks
- Overview of key regulatory environments (e.g., financial, environmental, data privacy, anti-corruption)
- Understanding the impact of local and international laws on business operations
- Identifying relevant regulations for your organization
- Compliance risk assessment and mapping regulatory obligations to controls
- Staying updated with evolving regulatory landscapes
Module 9. Compliance Program Development & Management
- Elements of an effective compliance program: policies, procedures, training, monitoring
- Role of the Chief Compliance Officer (CCO)
- Whistleblower protection and ethics hotlines
- Compliance training and awareness programs
- Conducting internal investigations for compliance breaches
Module 10. Fraud Prevention & Detection
- Understanding common types of fraud (e.g., financial statement fraud, asset misappropriation)
- Red flags of fraud and behavioral indicators
- Designing controls to prevent and detect fraud
- The role of data analytics in fraud detection
- Ethics and integrity in business conduct
Module 11. Governance, Risk & Compliance (GRC) Integration
- The benefits of integrating governance, risk management, and compliance functions
- Developing a unified GRC strategy and framework
- Leveraging GRC technology platforms for efficiency and reporting
- Breaking down silos between GRC functions
- The strategic role of the board and senior management in GRC oversight
Module 12. Risk Assessment & Compliance Audits
- Planning and conducting risk-based internal audits
- Compliance audit methodologies and procedures
- Utilizing audit findings to strengthen controls and compliance
- Reporting audit results to management and the board
- Post-audit follow-up and verification of corrective actions
Module 13. Building a Risk & Compliance Culture
- Leadership's role in driving ethical behavior and compliance
- Communication strategies for promoting risk awareness and compliance
- Employee engagement in risk identification and control implementation
- Training and competency development for risk and compliance roles
- Fostering a just culture that encourages reporting and learning from mistakes
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.
| Dates | Fees | Location | Apply |
|---|---|---|---|
| 07/07/2025 - 18/07/2025 | $3000 | Nairobi, Kenya |
|
| 14/07/2025 - 25/07/2025 | $5500 | Johannesburg, South Africa |
|
| 14/07/2025 - 25/07/2025 | $3000 | Nairobi, Kenya |
|
| 04/08/2025 - 15/08/2025 | $3000 | Nairobi, Kenya |
|
| 11/08/2025 - 22/08/2025 | $3500 | Mombasa, Kenya |
|
| 18/08/2025 - 29/08/2025 | $3000 | Nairobi, Kenya |
|
| 01/09/2025 - 12/09/2025 | $3000 | Nairobi, Kenya |
|
| 08/09/2025 - 19/09/2025 | $4500 | Dar es Salaam, Tanzania |
|
| 15/09/2025 - 26/09/2025 | $3000 | Nairobi, Kenya |
|
| 06/10/2025 - 17/10/2025 | $3000 | Nairobi, Kenya |
|
| 13/10/2025 - 24/10/2025 | $4500 | Kigali, Kenya |
|
| 20/10/2025 - 31/10/2025 | $3000 | Nairobi, Kenya |
|
| 03/11/2025 - 14/11/2025 | $3000 | Nairobi, Kenya |
|
| 10/11/2025 - 21/11/2025 | $3500 | Mombasa, Kenya |
|
| 17/11/2025 - 28/11/2025 | $3000 | Nairobi, Kenya |
|
| 01/12/2025 - 12/12/2025 | $3000 | Nairobi, Kenya |
|
| 08/12/2025 - 19/12/2025 | $3000 | Nairobi, Kenya |
|