Course description
In the current regulatory and supervisory scenario, all the compliance managers are undergoing immense pressure to correctly and efficiently target resources and risks. To keep up with the pressure, compliance professionals need this course from Rcademy to understand the robustness of their risk controls, determine the safe levels of proper monitoring, pinpoint high-risk areas in the organization, and thoroughly understand the existing compliance monitoring methods.
What is compliance monitoring?
Compliance monitoring is the combined quality assurance examination to determine the organizations’ preparedness to surpass the existing regulatory and supervisory obligations in their business operations. It is one of the important pillars of robustness in any organization.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Compliance Monitoring Strategy and Techniques Training Course by Rcademy is ideal for:
- Auditing officers who want to learn real-world skills in compliance monitoring
- Compliance officers that wish to upgrade their skills
- Compliance and monitoring of staff
- Compliance managers who want to be effective in their work
- Risk professionals to acquire knowledge in compliance monitoring
- Compliance risk management staff to ensure they are following the best practices in ensuring compliance is adhered to
- Regulatory authorities officers
- Managers who wish to expand their knowledge
- Is anybody interested in compliance monitoring strategy and techniques
Outcome / Qualification etc.
Upon undergoing The Compliance Monitoring Strategy and Techniques Training Course by Rcademy, participants will be able to:
- Increase their confidence and better handle their duties
- Effectively decrease the risk of penalty by regulatory bodies
- Learn the ability to fully understand changes that are made to compliance legislation
- To develop a safe and compliant environment for doing business
- Ensure there are up-to-date insurance compensation policies by ensuring there is strict compliance
- Tailor compliance reports to fit different groups to make sure important communications are understood
- Examine existing compliance methods and identify the most appropriate of all
- Effectively and correctly identify, prioritize, and categorize compliance risks
- Update the existing compliance monitoring program to ensure that compliance is adhered to
- Correctly determine the appropriate time to escalate an issue and change monitoring levels
- Develop the necessary skills to solve real-world problems in the field using international standardized methods and best practices
- Construct a better and well-designed plan to ensure regulations and legislations are followed in compliance monitoring
- Understand how to develop KPIs in compliance monitoring
Training Course Content
Module 1: Risk-Based Monitoring Technique
- Critical data and processes detection
- Monitoring plan development and incorporation in a risk-based approach
- Centralized monitoring
- Risk assessment
- External and remote risk monitoring
- Pre-defined risk triggers monitoring
- Key risk indicators
Module 2: Risk Research in Your Organisation
- Being pessimistic
- Understanding the bigger picture
- External and internal research methods
- Consulting experts
- Analyzing customer feedback
- Understanding employee feedback
- Using models or software
Module 3: Results Reporting
- Compliance monitoring report
- Assessment of compliance
- Evaluation report
- Instant reporting
- Centralized reporting
- Manual reports
Module 4: Developments in Compliance Monitoring
- Lack of guidance
- Monitoring vs auditing
- Pre-activity approvals
- Attending important meetings
- Review of staff-completed checklists
- In-process quality checks
- Frameworks for monitoring
- Compliance timing
- Compliance metrics
- Factors affecting compliance monitoring
Module 5: Remedial Monitoring
- Technical elements of remedial monitoring
- Work planned evaluation
- Quality assurance
- Planning and management of compliance monitoring
- Strategies for compliance monitoring
- Case study
Module 6: Preparing the Monitoring Plan
- Monitoring program identification
- Defining the key indicators of risks
- Data collection methodologies
- Developing an analysis plan
- Creating reporting templates
- Plan dissemination
Module 7: Corporate Compliance Monitoring
- Compliance policies incorporate
- Principles of corporate compliance monitoring
- Policies and procedures adherence
- Auditing internal processes
- Proving compliance with legislation
- Compliance training and improvement
- Operational review cycles
- Policy and compliance management software
- Procedures, techniques, tools, and policies review cycles
Module 8: Compliance Audit Plan
- Compliance audit roles and causes
- Handling situations that arise during audits
- Measuring the effectiveness of a compliance plan
- Management evaluation
- Records and documentation maintenance
- Managing meetings to open and close the audit
- Physically performing the audits
- Developing interview skills
- Understanding the Psychology of a compliance officer
- The role of surveillance audits, witnessing, observations, and other activities
- Development issues and audit competency
- The basic requirements of a compliance monitoring system
- The role of a Quality auditor
- Compliance monitoring regulatory and framework background
- Postholder responsibilities and relationships
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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...