Governance Arms of Risk Management

Internal Audit, Compliance and Anti-Money Laundering & Combating Terrorism Finance

Course topic:

Corporate Governance

Format availability:



5 Days

Introduction to the course

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 training course will highlight:

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

Course details

This training course in Governance Arms of Risk Management will enable the attendees to comprehend and foster their risk management, compliance and audit skills and knowledge, assimilating the fundamentals of the new risk-based audit & risk-based compliance methodology so that they can carry out their related assignments and report it in a highly professional manner.

At the end of this training course, you will learn to:

  • VALIDATE your knowledge of CG capabilities, and showcase your expertise in planning, assessing, and improving CG to achieve Principled Performance
  • COMPREHEND the core principles and practices of CG
  • UNDERSTAND organizational risk, risk appetite and risk tolerance
  • ACQUIRE the ability to link internal audit planning to organizational risk considerations, international frameworks and Standards to provide an organizational specific risk focused internal audit plan
  • 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

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.

This Governance Arms of Risk Management training course gives an up-to-date perception into the domain of corporate governance, risk management, audit and compliance, especially for those who are looking to become executives in their organizations very soon.

Master Risk Management, Audit & Compliance & Anti-Money Laundering / Combating Terrorism Finance in one training session.

This Governance Arms of Risk Management training course aims at improving the adaptation and integration of the concept and fundamental components of Corporate Governance to augment their professional knowledge about Corporate Governance principles, committees and requirements.

This comprehensive 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 Governance Arms of Risk Management 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

Daily Agenda

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
  • 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 / Risk Management Committee
    • Remuneration Committee: A Sensitive Role
    • Five Steps to Improve Corporate Governance
    • Introduction of Sarbanes-Oxley Act in USA in 2002 (Enron / WorldCom)
DAY 2:
Risk Catalog & Risk Taxonomies
  • Introduction to Di­fferent 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
  • 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 / Combatting Terrorism Finance

Compliance Program Governance for Anti – Money Laundering / Combatting Terrorism Finance

  • Basic Terms and Definitions
  • Regulatory Compliance Management Frameworks
  • Regulatory Compliance by Design and Tone at the Top
  • Roles and Responsibilities
    • Board of Directors
    • Senior Management
    • Business Unit Leaders
    • Compliance
    • Legal
    • Internal Audit

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

Enroll now

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17-21 Jun 2024
Fee: $5,950
29 Jul-02 Aug 2024
Fee: $5,950
05-09 Aug 2024
Fee: $5,950
14-18 Oct 2024
Fee: $5,950
25-29 Nov 2024
Fee: $5,950
12-16 May 2025
Fee: $5,950
Course customization available
Course customization available

This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly

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