Governance Arms of Risk Management

INTRODUCTION
This innovative Governance Arms of Risk Management training course aims at realizing and improving the roles of Risk Management, Audit and Compliance & Anti-Money Laundering / Combating Terrorism Finance functions within the Corporate Governance parameters in order to achieve cooperation among these functions and improve their process and harmony.
Take the guesswork out of your decision making; deliver a better bottom line. Increase your credibility, satisfy your drive to be the best, and become the hero in your organization.

OBJECTIVES
• COMPREHEND the core principles and practices of CG
• UNDERSTAND organizational risk, risk appetite and risk tolerance
• GAIN improved ability to evaluate risk, incorporate risk attributes into the internal audit and compliance programs
• LEARN how effective CG implementation enables the assessment, monitoring and reporting of governance risks in support of decision making, business performance, and adherence to regulations, policies and mandates
• GAIN a comprehensive and effective culture of Compliance and ERM
• LEARN Designing and Implementing an Effective AML and CTF Program

COURSE OUTLINE
DAY 1
• 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

DAY 2
• Risk Catalog & Risk Taxonomies
• Introduction to Di¬fferent 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 3
• 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

DAY 4
• Prepare Risk-Based Internal Audit Plan and Execute it
• 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

DAY 5
• 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