Introduction
This Regulatory Professionals training course is designed to provide the knowledge and skills needed to understand and support regulatory compliance and enterprise-wide risk management. Also, to know how to deal with the rules, the markets, products, and transactions, to promote best practices and international standards that align with business and regulatory requirements.
This is an intensive and highly practical training program qualifying you to become proficient in compliance. It provides the necessary skills to build the right relationship with your regulators, and your board of directors and to deal with individuals at all levels of your organization.
Health, Safety, and Environmental Management Systems are based on a proactive process for incident prevention as well as reactive monitoring of performance. Risk assessment is required to be applied to all activities that impact health & Safety, production, asset, environment, and the Company's reputation. In this seminar you will learn how to:
- Improve your practical skills in applying advanced risk assessment techniques relevant to the process industry
- Effectively balance risk against cost in order to optimize risk reduction measures
- Motivate your people for improved safety culture
- Appreciate the role of Quantified Risk Assessment and major hazards
- Apply root-cause analysis to incident investigation and analysis
Course Objectives of Advanced Process Risk Management Risk, Assessment, and Compliance
- Recognise the difference between hazard, risk and risk assessment
- Learn how to evaluate different types of risk
- Develop the skills of applying advanced risk assessment techniques relevant to the process industry
- Develop a strategy for planning and implementing risk reduction action plans
- Appreciate the contribution of human error to accidents
- Be able to apply advanced techniques for root-cause analysis for incidents
- Understand the objectives & roles of regulation
- Understand the responsibilities of compliance
- Develop a good understanding of compliance principles
- Understand the concept of Compliance and the efforts being made to manage the risk related to it
- Have the skills required to approach compliance and its related functions with confidence
- Identify and understand compliance risks, and the consequences of noncompliance, to mitigate effectively the risk of compliance breaches
- Develop an appropriate Compliance Manual
- Create a compliance culture
- Protect the organization’s reputation
- The relationship between Compliance and Corporate Governance
- Develop compliance programs to fight money laundering practices, and to apply Corporate Governance rules
- Develop best strategies to help managers and prevent risk within your firm
Personal Impact
This training course will be of personal benefit to delegates by providing you with:
- Understanding the complete regulatory environment
- Know your regulator
- Compliance in practice
- The role of the compliance function
- Managing regulatory risk for the benefit of your firm
- Understanding the importance of governance, risk and compliance
- Ethics, integrity and organizational risk culture
- Managing the risk of financial crime
Course Methodology of Advanced Process Risk Management Risk, Assessment, and Compliance
Participants will learn by active participation during the program through the use of exercises, syndicate and group discussion, training videos, and discussions on relevant types of accidents and "real life" issues in their organizations.
Course Summary of Advanced Process Risk Management Risk, Assessment, and Compliance
The program aims to provide hands-on experience in the application of advanced risk assessment techniques in all aspects of the process industry. It includes analysis of the consequences of major hazards, in terms of fire, explosion, and toxic releases. These are modeled using advanced commercial software. Aspects of human error in relation to accidents are analyzed and included in methods for promoting a positive safety culture in your organization.
This training session also explores the role of analytical investigation and root-cause analysis based on Fault Tree Analysis.
Participants will be able to apply skills learned from this training at a practical level to implement the Company’s HSE Management System. In addition to your professional development, your organization should be able to implement, monitor and review HSE action plans.
Course Outlines of Advanced Process Risk Management Risk, Assessment, and Compliance
Day 1
- Introduction to hazards identification and analysis techniques
- An Overview of the Regulatory Environment
- Techniques for hazard identification and analysis- HAZOP
- The Objectives of Financial Services Regulation
- Syndicate exercise- application of HAZOP to batch and continuous processes
- Your Jurisdiction Environment
Day 2
- The Best Practice in Regulatory Obligation
- ISO 19600: Compliance Management Systems
- Integrating HAZOP within the risk management system
- Review of commercial HAZOP software
- What do the Regulators expect?
Day 3
- Failure Modes & Effects Analysis ‘FMEA’
- Compliance Structure
- The Role of the Board of Directors, the Supervisors, the Internal and External Auditors
- Decision trees and Event Tree Analysis ‘ETA’
- Responsibilities of the Compliance Officer
- Key Compliance Activities and Processes
Day 4
- Sources of failure data
- Fault Tree Analysis ‘FTA’
- Compliance Training
- Conflicts of Interest
- Quantification of ETA and FTA
- Evaluation of Individual and Societal Risks
DAY 5
- The role of consequence analysis in QRA
- Types of Fires: Jet flame, pool fire, flash fire, BLEVE
- Understanding a Risk Management Approach
- Creating a Risk Management Approach
- The Definition of Governance, Risk and Compliance
- The Need for Internal Controls
Day 6
- Identify, Mitigate and Control Risks Effectively
- Types of Explosion: VCE, UVCE, pressure burst, dust explosion
- Vulnerability analysis
- The Importance of Compliance Culture
- Commercial software for modeling releases, fire, explosion and toxic releases
- Approaches to Risk Assessment
DAY 7
- The human contribution to accidents
- The role of root cause Analysis in identifying management system failures
- Factors to be Considered in Designing a Compliance System
- Developing an Internal Compliance System
- Implementing and Communicating Internal Compliance Arrangement
- Accident investigation techniques
Day 8
- Latent failure and root causes for incidents
- Establishing Policies and Procedures
- Creating a Compliance Monitoring Programmed
- Techniques for root-cause analysis
- Record-Keeping ƒ Compliance Reports
- Managing the Regulators and Change in Regulations
DAY 9
- Introduction to Safety Culture
- Understanding Money Laundering Offences
- MLRO and Compliance Officer
- The Risk-based Approach to Money Laundering / Terrorist Financing
- Techniques for improving safety culture
- Preventing Fraud
- Bribery and Corruption
Day 10
- Insider Trading
- Measuring improvements in safety culture
- Market Abuse
- Sanctions and their Role in the Global Economy
- Integrating safety culture within the HSE Management System
- Suspicious Activity Monitoring, Detection, and Reporting
About Dubai
Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.
Things to do and places to visit in Dubai
Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.
When visiting Dubai, be sure to:
- Go to the observation deck of the Burj Khalifa, the tallest building in the world.
- Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
- Understand the local history and culture with a visit to the Dubai Museum.
- Discover objects from the 6th century at Jumeirah Archaeological Site.
- Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
- Go shopping at the Mall of the Emirates or the Dubai Mall.
- Explore the desert surrounding the city – either by 4x4 or atop a camel.
- Eat fantastic seafood at Dubai Marina.
- Cool off at the Wild Wadi Waterpark.
- Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
- Take a yacht tour around the artificial islands of Palm Jumeirah.
- Haggle for souvenirs in one of the city's souks.
- Wander around the traditional building in Bastakiya District.