Course Details

Governance, Risk Management and Compliance (GRC) in Saccos Training Course

INTRODUCTION

In today's complex regulatory environment, Savings and Credit Co-operative Organizations (SACCOs) must prioritize strong Governance, Risk Management, and Compliance (GRC) to ensure their long-term sustainability and protect member assets. This GRC for SACCOs training course equips SACCO leaders, board members, and staff with the knowledge and skills to implement effective GRC frameworks, fostering transparency, accountability, and a culture of compliance. Learn how to identify and mitigate risks, navigate regulatory requirements, and build a robust governance structure. This SACCO GRC training is crucial for professionals seeking to build resilient and ethically managed SACCOs. This course covers key areas like governance frameworks, risk assessment, compliance management, and internal controls, empowering you to become a GRC champion in your SACCO.

DURATION

5 days

TARGET AUDIENCE

This course is designed for:

• SACCO Board Members: Individuals responsible for the strategic direction and oversight of the SACCO.
• SACCO Management Team: Individuals responsible for the day-to-day operations and implementation of GRC processes.
• SACCO Committee Members: Individuals serving on various committees within the SACCO, such as the audit, risk, or compliance committee.
• SACCO Staff: Employees who contribute to the implementation and maintenance of GRC processes.
• Anyone interested in SACCO GRC best practices: Professionals and individuals committed to promoting good governance, risk management, and compliance in the SACCO sector.

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the interconnectedness of governance, risk management, and compliance.
• Develop and implement a comprehensive GRC framework tailored to the SACCO's specific needs.
• Identify, assess, and mitigate key risks facing the SACCO.
• Navigate the complex regulatory landscape and ensure compliance with relevant laws and regulations.
• Establish robust internal controls to safeguard assets and prevent fraud.
• Promote a culture of ethics and compliance within the SACCO.
• Monitor and evaluate the effectiveness of the GRC program.
• Integrate GRC into the SACCO's strategic planning process.

COURSE MODULES

• Introduction to GRC for SACCOs:

• Defining GRC and its importance in the SACCO context.
• The benefits of a strong GRC program (enhanced reputation, reduced risk, improved performance).
• Key principles of effective GRC (accountability, transparency, integrity).
• Overview of the regulatory landscape for SACCOs.

• Governance Framework for SACCOs:

• The role of the board of directors in GRC.
• Establishing clear governance structures and responsibilities.
• Developing and implementing governance policies and procedures.
• Promoting ethical conduct and a culture of compliance.

• Risk Management for SACCOs:

• Identifying and assessing key risks (financial, operational, compliance, strategic, reputational).
• Developing risk mitigation strategies and contingency plans.
• Implementing a risk management framework and processes.
• Monitoring and reporting on risk exposures.

• Compliance Management for SACCOs:

• Understanding the regulatory landscape and compliance requirements.
• Developing and implementing compliance policies and procedures.
• Monitoring compliance and reporting on compliance status.
• Managing regulatory audits and examinations.

• Internal Controls for SACCOs:

• Designing and implementing internal controls to safeguard assets and prevent fraud.
• Segregating duties and establishing checks and balances.
• Monitoring the effectiveness of internal controls.
• Addressing internal control weaknesses.

• Financial Management and Reporting for GRC:

• Ensuring accurate and timely financial reporting.
• Implementing sound financial management practices.
• Managing budgets and financial risks.
• Complying with financial reporting regulations.

• Data Security and Privacy for SACCOs:

• Protecting member data and ensuring data privacy.
• Implementing cybersecurity measures to prevent data breaches.
• Complying with data protection regulations.
• Managing data security risks.

• GRC Integration and Continuous Improvement:

• Integrating GRC into the SACCO's strategic planning process.
• Monitoring and evaluating the effectiveness of the GRC program.
• Identifying areas for improvement and implementing changes.
• Promoting a culture of continuous improvement in GRC.

CERTIFICATION

Upon successful completion of this training, participants will be issued with a Macskills Training and Development Institute Certificate

TRAINING VENUE

Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com