An Intensive 5-day Training Course
Corporate Governance for Financial Institutions
Fundamental Governance Roles and Crossroads of Risk Management, Compliance and Internal Audit
Course Introduction
This Corporate Governance for Financial Institutions training course will explain Governance and its tools of Risk Management, Compliance and Internal Audit, its added value, the obstacles and how to implement it practically and successfully.
The content is designed not only to provide an all-round advanced level exposure to critical areas of GRC, but also to attain and improve the concepts, roles, tools, added value and functions of the Governance environment tools within an organization such as Risk Management, Compliance and Internal Audit in order to achieve cooperation among these functions and improve their process and harmony.
This Oxford Management Centre training course will highlight:
- Fundamental concepts of corporate governance, its guiding principles and content elements
- The relationship among risk management, internal audit, and compliance
- Risk assessment, assimilate risk taxonomies and its classification
- Compliance new approach; risk-based compliance as well as the internal audit new approach: risk-based approach
- The necessary components to help your organization become a principled performer
Objectives
This Corporate Governance for Financial Institutions training course is structured to enhance full understanding of the ideologies, tools and methods of Corporate Governance and its arms Risk Management, Compliance, and Internal Audit in one program.
At the end of this training course, you will learn to:
- Improve alignment to mission, vision and values of the organization
- Align risk and compliance in context of your organization
- Handle professionally Risk Management, Internal Audit and Compliance relationship
- Link CG to organizational risk considerations, international frameworks and standards to provide an organizational specific risk focused entity
- Understand The GRC (Governance, Risk, and Compliance) Perspective
Training Methodology
A variety of training methods will be used and will be applied in a diverse manner, such as, brainstorming, lecturing, exercises, group discussion and sharing experiences. The variety helps participants stay engaged throughout the training course, feel challenged and draw quick wins for their development.
Organisational Impact
This Corporate Governance for Financial Institutions training course gives you up-to-date perceptions into the domain of corporate governance, risk management, internal audit and compliance, especially for those who are looking to become executives in their organizations very soon.
By the end of this training course, you will learn:
- Key Principles of Good Governance, Benefits & Barriers
- The best strategies for building high-quality governance framework
- Define the role of the board of directors and Audit Committee
- The Risk management, Compliance & Internal Audit Departments’ Triangle
- Manage governance function within different business contexts – listed, private and state-owned
Personal Impact
Delegates will leave with a sense of purpose towards strong Corporate Governance for sustained business growth, as well as a new appreciation of Risk and Compliance not as resource based cost centres, but as business enablers and long-term value partners.
Upon the completion of this Corporate Governance for Financial Institutions training course, participants will gain:
- Enhanced convergence of Corporate Governance components
- Improved alignment to mission, vision, and values of the organization
- Ability to assess, evaluate and audit the performance of Corporate Governance activities and controls
- Better management of board and board governance committees
- Validate your knowledge of Audit Committee capabilities and showcase your expertise in planning, assessing, and improving AC to achieve Principled Performance
Who Should Attend?
This training course is suitable to a wide range of professionals in Governmental organizations and private entities of all diversified lines of business which are planning to apply proper governance within their culture and operations, but will greatly benefit:
- Directors / Aspiring Directors
- Board Secretaries / Board Consultants / Corporate Counsel
- Officers involved in the process of Corporate Governance
- C Suite Executives (CIO, CTO, CFO, CMO, CHRO, etc.)
- Officers-in-Charge of the Governance framework within the organization
- Officers-in-Charge of Risk Management, Compliance & Internal Audit functions
Course Outline
Day One
Corporate Governance: What is it exactly? How to enforce it practically?
- Definition, concept, rules, principles and added value
- Barriers / obstacles that prevent full implementation of corporate governance
- External & internal parties involved in governance process
- Difference between executive and non-executive board members
- Board committee: roles and responsibilities
- Role of audit committee / risk management committee / remuneration committee
- Understanding environmental, social, and governance (ESG) and its importance
- Board models: passive board, certifying board, engaged board, intervening board and operating board
Day Two
Risks of Poor Governance Boards & Poor Strategic Thinking and Planning
- Role and responsibilities of strategic boards and strategic members
- Role of strategic planning and thinking in driving organization's sustainable growth for within the context of sustainable development
- Developing strategic planning culture is required to uphold organizations’ growth
- Connecting challenges with strategic objectives
- Digesting strategy's berries to ensure success
Day Three
- The fundamental differences and importance of its convergence
- Overlapping: healthy or wasteful?
- Cooperation & collaboration among these functions
- Implications for the audit and governance arrangements
- Implications for the risk management and risk appetite measures
- Implications for the compliance and regulators requirements
Day Four
Risk-Based Internal Audit
- What is risk-based internal auditing approach?
- The transition from system-based to risk-based internal auditing
- Risk-based audit methodology
- Audit the control environment
- Determination of internal auditing universe
- Risk mapping / risk registration
- Developing internal auditing plan to be approved by audit committee
Day Five
- Definition, responsibilities, and goals of compliance
- What is risk-based compliance approach?
- What is the right profile of the chief compliance officer?
- Money laundering threats and methods
- Terrorist financing threats and methods
- What is fraud? The fraud triangle & the fraud diamond
- Behavioral red flags of perpetrators
- Fraud risk factors: why people commit fraud?
Day Six
DAY4: Risk Management: Risk Catalog & Risk Taxonomies
- What is Enterprise Risk Management? Its universe, framework & fundamental concepts
- Risk control self-assessment, key risk indicators & key performance indicators (KPI)
- Business continuity plan vs. disaster recovery plan
- Identifying credit risks / identifying financial risks
- Identifying operational risks / identifying reputational risks
- Identifying legal risks / identifying non-compliance risks
- Identifying political risks / sovereign risks / country risks
- Identifying ethical risks / fraudulent risks / criminal risks
Day Seven
Identifying Risks and How to Mitigate It?
- Risk taxonomies and organizational classification of risks
Day Eight
- Board’s role during a crisis
- Crisis management plans
- Business lessons learned by leaders during crisis
- Financial lessons learned from a pandemic
- Role of the board and audit committee at time of pandemic
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
