INTRODUCTION TO THE COURSE
The Governance Arms of Risk Management training course offers a strategic exploration of how risk management, compliance, audit, and anti-money laundering (AML)/counter-terrorism financing (CTF) functions operate within a corporate governance framework. This training course empowers professionals to strengthen interdepartmental collaboration, enhance operational transparency, and align risk practices with organizational objectives.
By integrating risk-based methodologies, participants will gain a practical understanding of how governance pillars interact to drive accountability, informed decision-making, and principled performance. The Governance Arms of Risk Management training course is ideal for professionals seeking to refine their oversight capabilities and embed effective risk, audit, and compliance processes throughout the organization.
This KC Academy training course will highlight:
- Alignment of risk functions with organizational mission, vision, and values
- Enhanced agility in strategic and operational decision-making
- Strengthened accountability across key risk and compliance initiatives
- A deep understanding of corporate governance frameworks and their application
- The functional integration of risk, compliance, and internal audit
- Development of a unified risk taxonomy and catalog
- Transition to risk-based internal auditing practices
- Adoption of risk-driven compliance strategies
COURSE DETAILS
Objectives
By the end of the Governance Arms of Risk Management training course, participants will be able to:
- Demonstrate proficiency in assessing and enhancing corporate governance performance
- Understand key governance principles and how they influence strategic risk posture
- Define and apply concepts such as organizational risk appetite and tolerance
- Design risk-based audit plans aligned with international standards and enterprise risk frameworks
- Strengthen risk evaluation techniques within internal audit and compliance functions
- Link governance strategy to performance monitoring, regulatory alignment, and ethical operations
- Build an integrated compliance culture embedded within enterprise risk management (ERM)
- Develop and implement robust AML and CTF frameworks tailored to organizational needs
Training Methodology
Participants to this 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.
Organisational Impact
Organizations that invest in the Governance Arms of Risk Management training course benefit from stronger alignment between governance structures and operational practices. The course equips future leaders with the tools to proactively manage regulatory risk, improve interdepartmental collaboration, and reinforce a culture of compliance and ethical performance.
Key improvements include:
- Unified risk, audit, and compliance efforts
- Increased resilience through structured oversight
- Reduced exposure to governance failures and reputational risk
Personal Impact
Participants in the Governance Arms of Risk Management training course will enhance their ability to interpret and apply governance best practices in real-world contexts. They will develop cross-functional expertise and leadership skills that support career progression into senior governance, audit, or risk roles.
Key personal benefits include:
- Expanded strategic insight into integrated governance frameworks
- Confidence in applying global standards to internal processes
- Enhanced credibility in cross-functional risk and compliance roles
Who should Attend?
This KC Academy 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
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 DiÂfferent 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
Money Laundering
- Definition, Responsibilities and Goals
- Money Laundering Threats and Methods
- Terrorist Financing Threats and Methods
- International Standards for Anti – Money Laundering / Combatting Terrorism FinanceÂ
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
Certificate
- On successful completion of this training course, KC Academy Certificate will be awarded to the delegates.