Corporate Compliance, Audit, Monitoring And Risk Management

Compliance training is a comprehensive programme that helps organisations and their employees conduct operations in an ethical manner, with extreme integrity, and in compliance with legal and regulatory requirements. New risks because of demanding economic conditions increase pressure on compliance leaders.

Traditionally, compliance officers focused on expanding coverage to various risks and layering compliance activities on top of business workflows and systems. However, recently, the focus has shifted to introducing compliance programmes as part of operations.

This approach has been adopted to ensure appropriate effect with limited business impact. As a result, compliance programmes are now part of operations rather than functioning as a separate process. Whether an organisation is small or large, compliance is an important part of its structure and functioning because compliance has great potential to positively or negatively impact the growth and success of an organisation.

Therefore, organisations these days are investing their efforts to build strong compliance systems and processes and successfully establish compliance programmes to keep a check on adherence to standards and rules.

For organisations to improve their compliance programmes, it is important for them to understand their functional partners and activities and identify areas for closer cooperation. Besides establishing compliance programmes, organisations should keep a regular check and audit the performance of such programmes to identify any opportunities for enhancement or changes as per changing standards and rules. Thus, in technical terms, compliance management is as critical as compliance introduction.

This training course will empower you with detailed information and knowledge about creating and managing compliance in your organisation. It will provide you with the necessary experience, exposure and skill to play an important part in creating compliance policies and systems in your organisation and successfully and effectively manage these to help the organisation progress within all ethical and legal boundaries.

Further, by undertaking this Corporate Compliance, Audit, Monitoring and Risk Management course, you will gain confidence and knowledge to readily accept and assume critical and sensitive roles and responsibilities in your organisation.

This Corporate Compliance, Audit, Monitoring and Risk Management course will also provide you with the required foresight and intuitiveness to identify current and predict future gaps in compliance processes as well as unethical practices and address these to prevent a negative impact on the business.

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
• the required knowledge to comply with all necessary standards and rules in one’s work
• the required confidence and skill to partake in devising compliance programmes and processes and managing compliance within the organisation throughout
• the required skill and capabilities to work with advanced techniques and tools to manage compliance effectively in the organisation
• the necessary exposure to predict possible compliance-related risks to the organisation and implement necessary steps to control these
• adequate foresight to make arrangements for future changes in standards and rules and prepare one’s organisation to make alterations to comply with changing standards
• increased ability, exposure, skill and experience to play an important role in the success of your organisation, thus establishing opportunities for growth and development and strong career prospects

Duration

10 Days

Who Should Attend

• Senior members of management responsible for ensuring that the organisation is compliant with universally accepted standards
• Compliance officers responsible for ensuring adherence to compliance policies and protocols and for managing change in standards when the need arises
• Human resource professionals responsible for ensuring that compliance is part of their work culture and operations and defaulters are put to the test
• Internal and external auditors who conduct regular checks to ensure and certify adherence to set standards
• Investors and shareholders who would be interested to invest in an organisation that is compliant with universal standards, thus depicting credibility
• Any other working professional who would like to know more about compliance and compliance management to develop one’s work ethic and/or to undertake higher roles and responsibilities related to compliance and compliance management

COURSE CONTENT

Module 1 – Overview of Compliance

• Definition of compliance
• Definition of the compliance framework
• Definition of compliance standards
• Definition of compliance standard rule

Module 2 – Features of Successful Compliance Activities

• Design (to be part of the business workflow)
• Coordinate (with related assurance activities)
• Assess (for burden and integration)

Module 3 – Steps to a Compliance Risk Management Approach

• Prioritise activities
• Make regulatory alerts and updates actionable
• Assess and manage the 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 Programme

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

Module 6 – Challenges in Compliance Management

• Compliance silos
• No single view of compliance assurance
• 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
• Organisational structure
• Risk culture and tolerance

Module 8 – Importance of Compliance Programmes

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

Module 9 – Elements of an Effective Compliance Programme

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

Module 10 – Responsibilities of Compliance Programmes

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

General Notes

• This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
• Training manuals and additional reference materials are provided to the participants.
• Upon successful completion of this course, participants will be issued with a certificate.