Course description
This Certified Risk and Compliance Management Professional Course from Rcademy is a highly curated course that has been carefully designed to provide participants with the skills and knowledge they need to understand and facilitate regulatory compliance and promote enterprise-wide risk management. In addition, it will help participants to understand the necessity of promoting international standards and best practices that align with regulatory and business requirements.
What is the relationship between risk management and compliance management?
While distinct, the two terms are intertwined in the corporate world. While risk management focuses on managing processes to protect an organization from identified activities that could create non-compliance problems, compliance management deals with adhering to established rules that protect an organization from unknown risks.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Certified Risk and Compliance Management Professional Training Course by Rcademy is ideal for different people, especially those constantly involved in businesses and their operations or who have a reason to constantly engage in risk and compliance management. This course is strongly advised to be taken by:
- Professionalsintending to understand compliance and risk management
- Career personsdesiring to work as compliance and risk officers
- Executive directors, business owners, managers, and senior personnelof corporations
- Human resource managershave to check and oversee the ethical behaviors of the company’s employees and ensure that their actions pose no risk to the company’s goals and mission
Outcome / Qualification etc.
The Certified Risk and Compliance Management Professional Training Course by Rcademy aims to achieve the following objectives at the end of the training exercise. Hence, participants should be able to:
- Understand the guiding principles of a certified risk and compliance management professional
- Apply the principles of CRCMP to their workplace and businesses
- Explain the development of risk and compliance in recent times and the implications this have for their businesses
- Comprehend the wholesome extent of exposure to risk in their respective organizations, including the range of possibilities, factors involved, and consequences
- Learn how to minimize the non-compliance organizational risk to the standard required by the executive management
- Develop the skills to design strategies to manage threats to an organization’s finances, which could arise as a result of carelessness, financial imbalance, and improprieties
- Apply strict measures to ensure their organizations are not negatively exposed to unnecessary lawsuits
Training Course Content
Module 1: Compliance
- Meaning of compliance – Concept – Scope – Purpose
- Regulatory compliance
- Compliance and rules
- Organizational ethics
Module 2: Legal Codes, Rules, and Regulations
- State and federal laws
- Institutional regulations
- General code of conducts
- International conventions
- Organizational and workplace terms and conditions
- Compliance and fiduciary duties of the Board of Directors
Module 3: Effective Compliance Elements
- Implementation – Procedures – Processes – Policies – Principles – Standards
- Compliance enforcers – Personnel – Criteria – Team or committee makeup – Training – External compliance personnel
- Effective communication
- Education, awareness, and supervision
- Auditing
- Monitoring
- Enforcing guidelines – Deterrents – Reporting – Penalties and sanctions – Rewards and incentives
Module 4: Risk and Compliance Management Significance
- Why is compliance necessary?
- The obligatory and pervasive nature of compliance
- Significance – Avoiding culpability – Avoiding sanctions – Preventing financial losses – Prevents reputational damage – Foreshadows potential risks and possible breaches – Ensures smooth flow of business
Module 5: Risk Management Principles
- Risk management principles – Early identification of risks – Contextual management of risks – Factoring organizational mission, vision, objectives, and goals – Clear definition of portfolio and obligations – Stakeholders’ involvement – Flexibility to innovation
- The culture of risk management
- The process of managing risk
- Assessing and controlling risk management
Module 6: Compliance and Risk
- Understanding the relationship between compliance and risk – Similarities – Differences – Nexus
- Compliance and risk management – Risk identification – Risk analysis – Risk assessment – Risk response – Risk monitoring – Risk Control
Module 7: Risk Outsourcing
- Managing risk by outsourcing – Concept – Scope – Justification – Management
- Data Sharing
- Challenges – Trust issues – Possible breaches – Control loss – Financial cost – Communication barrier – Use of general approaches rather than company-specific approaches
Module 8: Corporate Compliance Requirements
- Auditing – Balanced bookkeeping – General financial auditing – Personnel professional review
- Annual probity – Overview – Reports – Review
- CCTVs to monitor physical access
- Virtual access monitors
- Security – Encryptions – Password protection – Anti-virus – Regular updates
- Emergency response – What qualifies as an emergency? – Safety measures – Emergency response team
- Risk analyses and management
Module 9: Case Studies: Compliance Applications
- Government
- Society and environment
- Energy
- Legal institutions
- Academic institutions
- Healthcare institutions
- Financial institutions
- Consumer protection and product safety
- Technology institutions
Business corporation
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...