This innovative Governance Arms of Risk Management training course is designed to enhance the roles of Risk Management, Audit, and Compliance & Anti-Money Laundering / Combating Terrorism Finance functions within the context of Corporate Governance. The course aims to foster cooperation and improve the processes and alignment among these functions.
Make informed decisions, boost your organization’s performance, and elevate your professional credibility. Become an integral contributor to your organization’s success by mastering these critical governance elements.
This Energy training course will cover:
- Better alignment with the organization's mission, vision, and values
- Improved agility in decision-making processes
- Enhanced accountability for key objectives, risks, and initiatives
- A clear understanding of Corporate Governance principles
- The Risk, Compliance & Internal Audit relationship
- Risk cataloging and taxonomy frameworks
- The shift towards risk-based internal auditing
- Risk-based compliance strategies
This Governance Arms of Risk Management training course will empower attendees to enhance their expertise in risk management, compliance, and audit practices. It focuses on the fundamentals of the new risk-based audit and compliance methodologies, enabling participants to conduct their assignments and deliver reports with a high level of professionalism.
By the end of this Governance Arms of Risk Management training course, you will be able to:
- VALIDATE your understanding of Corporate Governance (CG) capabilities and demonstrate your expertise in planning, assessing, and enhancing CG to achieve principled performance.
- COMPREHEND the core principles and best practices of CG.
- UNDERSTAND organizational risks, risk appetite, and risk tolerance.
- GAIN THE ABILITY to connect internal audit planning with organizational risk considerations, international frameworks, and standards to create a risk-focused internal audit plan tailored to your organization.
- ENHANCE YOUR CAPABILITY to evaluate risks and integrate risk attributes into internal audit and compliance programs.
- LEARN how effective CG implementation enables the assessment, monitoring, and reporting of governance risks to support decision-making, business performance, and adherence to regulations and policies.
- ESTABLISH a robust culture of Compliance and Enterprise Risk Management (ERM).
- DESIGN AND IMPLEMENT an effective Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CTF) program.
Participants to this Energy Governance Arms of Risk Management training course will receive a thorough training on the subjects covered by the training outline with the instructor utilizing a variety of proven adult learning teaching and facilitation techniques. Training methodology includes group discussions, Quizzes, group presentation, etc.
This Energy Governance Arms of Risk Management training course provides a comprehensive and current overview of corporate governance, risk management, audit, and compliance, particularly for individuals aspiring to become executives in their organizations.
Master the essentials of Risk Management, Audit & Compliance, and Anti-Money Laundering / Combating Terrorism Financing in a single, intensive training session.
The goal of this Governance Arms of Risk Management training course is to enhance the understanding and integration of Corporate Governance principles, along with its essential components, to expand participants' professional knowledge of governance principles, committees, and related requirements.
This comprehensive Governance Arms of Risk Management training course is very useful for Managers in all diversified lines of business which are planning to apply proper corporate governance practice within their culture and operations, such as Banks and Financial organizations and private & government entities.
This Energy training course is suitable to a wide range of professionals but will especially benefit:
- Officers involved in the process of Risk Management
- Compliance Officers
- Officers involved in the process of Anti-Money Laundering
- Officers involved in the process of Combating Terrorism Finance
- Auditors and Internal Control Managers
- Officers involved in the process of Corporate Governance
- Law Enforcement Professionals
Day One: Corporate Governance, what is it exactly?
- Corporate Governance: Definition, Concept, Rules, Principles
- OECD Principles of CG
- Corporate Governance: Role of the Board of Directors and Management
- Responsibilities of Top Management and Board in Maintaining Good CG
- Effective Executive Management & Board Members
- Disclosure and Transparency
Corporate Governance, how to enforce it practically?
- Mechanisms, Processes & Relations by which corporations are controlled
- Difference between Executive and Non-Executive Board Members
- Board’s Committees: Roles and Responsibilities
- Role of Audit Committee / Risk Management Committee
- Remuneration Committee: A Sensitive Role
- Five Steps to Improve Corporate Governance
- Introduction of Sarbanes-Oxley Act in USA in 2002 (Enron / WorldCom)
Day Two: Risk Catalog & Risk Taxonomies
- Introduction to Different Types of Risks Categories
- Risk Management Universe
- Risk Management Framework
- Fundamental Concepts of Enterprise Risk Management
- Identifying Credit Risks
- Identifying Financial Risks
- Identifying Operational Risks
- Identifying Legal Risks
- Identifying Political / Sovereign Risks
- Identifying Ethical Risks / Identifying Fraudulent Risks
- Identifying Non-compliance Risks
- Identifying Reputational Risks
Day Three: The Risk, Compliance & Internal Audit Triangle
- The Fundamental Differences and Importance of its Convergence
- Overlapping: Healthy or Wasteful?
- Cooperation & Collaboration among these Functions
- Corporate Governance Committees: Audit Committee is No. 1
- Effective Executive Management & Board Members
The Evolution of Internal Auditing towards Risk-based Internal Auditing
- What is Risk-based Internal Auditing?
- The Transition from System-based to Risk-based Internal Auditing
- Different Approaches to Internal Auditing
- Risk-Based Audit Approach
- Risk-Based Audit Methodology
- How and why audit units move into risk based audit programs?
- Audit the Control Environment
The Evolution of Internal Auditing towards Risk-based Internal Auditing
- Determination of Internal Auditing Universe
- Risk Mapping
- Risk Registration
- Developing Internal Auditing Plan
- Preparation of a Clear Plan to be Approved by Audit Committee
- Efficiency in the Non-recurrence of Audit Notes
- Audit References to Policies and Manual of Operational Rules & Regulations
- Identification and Classification of Audit Risk
Compliance Risk Assessment & Management
- Definition, Responsibilities and Goals
- Risk Assessment and Management Methodology
- Surveying for Threats & Assessing Vulnerabilities
- Risk Tolerance and Residual Risk
- Designing Controls for Risk Mitigation-Self-Assessments
- Review Design and Auditor Selection
- Program Development / Computer-assisted Auditing Techniques
Day Five: Money Laundering
- Definition, Responsibilities and Goals
- Money Laundering Threats and Methods
- Terrorist Financing Threats and Methods
- International Standards for Anti – Money Laundering / Combatting Terrorism Finance
Compliance Program Governance for Anti – Money Laundering / Combatting Terrorism Finance
- Basic Terms and Definitions
- Regulatory Compliance Management Frameworks
- Regulatory Compliance by Design and Tone at the Top
- Roles and Responsibilities
- Board of Directors
- Senior Management
- Business Unit Leaders
- Compliance
- Legal
- Internal Audit
