• Improved Alignment to Mission, Vision and Values of the Organization
• Increased Decision-making Agility
• Increased Accountability for Key Objectives, Risks, and Iniciatives
• Corporate Governance, what is exactly?
• The Risk, Compliance & Internal Audit Triangle
• Risk Catalog & Risk Taxonomies
• The Evolution of Internal Auditing towards Risk-based Internal Auditing
• Risk-based Compliance

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.

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 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

Participants to this 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.

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 & 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: A Sensitive Role
• Five Steps to Improve Corporate Governance
• Introduction to Sarbanes-Oxley Act in USA in 2002 (Enron / WorldCom)

DAY 2

Risk Catalog & Risk Taxonomies
• Introduction to Different Types of Risk 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
• 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

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
• 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 5
Money Laundering
• Definition, Responsibilities and Goals
• Money Laundering Threats and Methods
• Terrorist Financing Threats and Methods
• International Standards for Anti-Money Laundering / Combating Terrorism Finance

CDGA attendance certificate will be issued to all attendees completing a minimum of 75% of the total course duration