Implementation of Effective Risk Management and Good Corporate Governance Training

This professional short  course provides risk management methodologies and tools. It looks at why you need to manage risk, identification and management of risks, as well as current issues. It covers the impetus behind risk management and the related corporate governance. It explains the relationship between corporate governance, internal control and risk management. It deals with different stages within the overall risk management process. It examines internal and external influences separately. The course also looks at Corporate Governance; covering basic principles, importance and benefits of modern corporate governance to global, regional and local initiatives and reform. It also discusses regulatory updates, best practices, and emerging risks and trends in corporate governance. Board committees focusing on risk, audit committee and corporate governance with its respective charters, current issues and best practices are also presented.
Training Modules
Risk Management
 Risk management function
 Risk appetite setting, monitoring and escalation
 Running a risk workshop – survey, brainstorming session, voting software. Making it effective, active and timely
 Identifying your key risks, measuring, ranking, monitoring and actions
 Risk register and documentation
 Types of risks:
 Types of emerging key risks – e.g. cyber security, change management (process execution, upstream),
information security, outsourcing & contract management, IT stability and resilience.
Risk Management & Leadership skills
 Risk Management within Three Lines of Defense (3LOD)
 Benefits of having an effective
 3LODRoles to play in 3LOD
 How to navigate the roles and reporting lines in 3LOD environment
 Where does the 3LOD sit within an organization?
 ISO 310000 – International Organization for Standardization for Risk Management
 Regulatory risk management
 Protecting brand recognition and value
 Meeting the demands and expectations of regulators, investors and shareholders
 Managing crisis / stress situations
Effective Communication
 Get to know your audience by understanding their priorities.
 How to influence strong boardroom personalities
 Getting the timing right
 Listening and adopting your style to land the key message
 How to build a Trusted Advisor status
 Interjecting in a large audience
 Individual personality assessment
Internal Audit & Leadership Skills
 Building an Effective Internal Audit Function
 IA Charter – Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing
 Professional practice – integrity, independence, objectively, relationship with stakeholders
 Audit universe – understanding the bus, create a universe
 Continuous monitoring methodology
 How an IA function performs a Risk Assessment
 Annual Planning
 Engagement execution and reporting
 Scoping – key controls and risks
 Control design adequacy review
 Control effectiveness review
 Reporting
IA Role of Adding Value
 Attendance and role at various forums
 Outsourcing IA function – risks and rewards
 Trusted Advisor role
 Behaviors for a high performing IA
 Collaborating within IA and the organization
 Making sound decisions
 Focusing on the customer
Presenting difficult outcomes persuasively
 Being see to be a Trusted Advisor
 Building credibility as a leader
 Delivery that connects, engages and gets results
 Selling your message, with no unintentional impact or emotive communications
Influencing Stakeholders (and presenting difficult outcomes persuasively)
 Influencing tool kit – getting buy in
 Four step influencing model
 The psychology of persuasion
 Influencing practice and feedback
 Using emotional intelligence to get results
 Emotional intelligence assessment
Regulatory Compliance
 Regulatory Function
 Introduction to the role of regulation and the role of regulatory authorities in supervising businesses.
 The role and responsibilities of the Compliance function
 The management of regulatory relationships including regulatory inspections
 Compliance and Regulatory Risk Management
 Compliance Monitoring
 Upstream Risks – case study
 Select a key upstream compliance requirement and present on impact to your organization
 Governance and Culture Governance
 Introduction to effective corporate governance
 Risk management framework across all level
 Risk information flows between various layers
 Board’s statutory duties
 Directors’ compliance statements
 How to identify and resolve conflicts of interest – legal repercussions
 Personal and collective accountability and authority
 Corporate Governance Code – case study Select a key corporate governance code and present on impact to your organization
 Corporate governance code for Credit Institutions and Insurance Undertakings (effective from Jan 2015) Culture & Ethics
 What role does culture play in today’s risk management?
 How can culture drive an improved control environment score?
 How to measure culture
 Culture survey – case study
 An interview with key stakeholders in your organization with an objective of forming an opinion upon the culture
and ethics environment in your organization
Training Evaluation:
Participants will undertake a simple assessment before the training to gauge knowledge and skills and another assessment
will be done after the training in-order to monitor knowledge gained through the training.
Way forward After the Training
Participants will develop a work plan through the help of facilitators that stipulates application of skills
acquired in improving their organizations. ASPM will monitor implementation progress after the training.