Introduction:

This training program is designed by Global Horizon Training Center to provide professionals with a comprehensive understanding of risk management principles, internal controls, and compliance frameworks. Participants will explore methods for identifying, assessing, mitigating, and monitoring risks while aligning organizational operations with regulatory requirements and ethical standards. The course combines theoretical knowledge with practical tools and real-world case studies to ensure participants are equipped to manage risk and compliance effectively.

Objectives:

By the end of this program, participants will be able to:

• Understand the fundamentals of risk management and control systems.

• Identify and assess various types of organizational risks.

• Develop and implement effective risk mitigation strategies.

• Design and evaluate internal control systems.

• Ensure regulatory compliance and corporate governance.

• Integrate risk and compliance into strategic decision-making processes.

Target Audience:

• Risk management professionals

• Compliance officers

• Internal auditors

• Governance specialists

• Finance and operations managers

• Any professional involved in enterprise risk and compliance functions

Outlines:

Day 1:

Foundations of Risk Management

• Key concepts in risk management

• Types of organizational risks (strategic, operational, financial, compliance)

• Risk management frameworks and standards (e.g., ISO 31000)

• Risk appetite and risk tolerance

• Enterprise Risk Management (ERM) approach

Day 2:

Risk Assessment and Analysis

• Risk identification techniques (SWOT, PESTLE, brainstorming, etc.)

• Risk analysis: qualitative vs. quantitative methods

• Risk evaluation and prioritization

• Risk registers and heat maps

• Case study: Risk assessment in a corporate setting

Day 3:

Internal Controls and Control Frameworks

• Objectives and components of internal controls

• COSO Internal Control – Integrated Framework

• Designing effective control activities

• Monitoring and evaluating internal control effectiveness

• Fraud prevention and detection controls

Day 4:

Regulatory Compliance and Ethics

• Understanding legal and regulatory environments

• Compliance management systems and policies

• Code of ethics and conduct

• Compliance auditing and reporting

• Managing compliance breaches and investigations

Day 5:

Integrating Risk, Control & Compliance

• Linking risk management, internal control, and compliance

• Risk-based decision making

• Building a compliance culture

• Reporting to senior management and the board

• Final group exercise: Creating a risk and compliance action plan