Course Details

Compliance Risk Management in Public and Private Sector Training Course

INTRODUCTION

This comprehensive training course provides essential knowledge and practical skills for effectively managing compliance risk across both public and private sectors. In an increasingly complex regulatory landscape, understanding how to identify, assess, mitigate, and monitor compliance risks is paramount for organizational integrity, reputation, and sustainability. This program equips participants with a structured approach to developing robust compliance frameworks, implementing effective controls, and fostering a culture of adherence to laws, regulations, and internal policies. Participants will gain deep insights into risk assessment methodologies, ethical leadership, and continuous improvement strategies crucial for navigating the evolving demands of compliance. This course is ideal for risk managers, compliance officers, auditors, legal professionals, and senior leadership committed to robust governance.

DURATION

5 days

TARGET AUDIENCE

This course is specifically designed for professionals involved in risk management, compliance, governance, and audit functions in both public and private sector organizations, including:

• Compliance officers and managers.
• Risk managers and analysts.
• Internal and external auditors.
• Legal professionals and corporate secretaries.
• Senior leadership and board members with oversight responsibilities.

OBJECTIVES

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

• Understand the fundamental concepts of compliance risk management and its critical importance.
• Identify and assess various types of compliance risks across different sectors and operations.
• Develop and implement effective strategies for mitigating identified compliance risks.
• Establish robust monitoring, reporting, and assurance mechanisms for compliance.
• Foster a strong ethical culture that embeds compliance throughout the organization.

MODULES

Module 1: Foundations of Compliance Risk Management

• Define compliance risk and differentiate it from other types of organizational risk.
• Explore the rationale and benefits of a proactive compliance risk management framework.
• Discuss the evolving regulatory landscape and its impact on both public and private sectors.
• Understand the consequences of non-compliance, including financial penalties, reputational damage, and legal action.
• Examine international standards and best practices in compliance risk management.

Module 2: Compliance Risk Identification and Assessment

• Learn methodologies for systematically identifying compliance risks relevant to specific operations and industries.
• Conduct risk assessments, including likelihood and impact analysis for identified compliance exposures.
• Understand inherent and residual risk concepts in the context of compliance.
• Explore techniques for mapping legal and regulatory obligations to business processes.
• Utilize risk registers and heat maps for visualizing and prioritizing compliance risks.

Module 3: Designing Effective Compliance Controls

• Discuss the types of compliance controls (preventative, detective, corrective).
• Develop and implement internal policies, procedures, and guidelines to manage compliance risks.
• Design robust authorization processes, segregation of duties, and verification mechanisms.
• Explore the role of technology and automation in enhancing control effectiveness.
• Plan for proportionate controls based on the level of identified risk.

Module 4: Ethical Leadership and Culture of Compliance

• Understand the critical role of senior leadership in driving compliance culture.
• Discuss the importance of ethical decision-making and tone from the top.
• Explore strategies for fostering a culture of integrity, accountability, and transparency.
• Develop effective training and awareness programs to embed compliance understanding at all levels.
• Examine whistleblower protection policies and safe reporting mechanisms.

Module 5: Monitoring, Reporting, and Assurance

• Design continuous monitoring programs to track compliance effectiveness.
• Develop key risk indicators (KRIs) and key performance indicators (KPIs) for compliance.
• Implement robust internal and external reporting mechanisms for compliance status and incidents.
• Understand the role of internal audit and external assurance in providing independent verification.
• Learn to conduct root cause analysis for compliance failures and near misses.

Module 6: Managing Specific Compliance Risk Areas

• Discuss common compliance risks across sectors (e.g., anti-bribery and corruption, anti-money laundering).
• Explore data protection and privacy compliance requirements (e.g., GDPR, national data protection laws).
• Understand competition law compliance and anti-competitive practices.
• Examine cybersecurity compliance and information security risks.
• Address industry-specific regulatory compliance challenges (e.g., financial services, healthcare).

Module 7: Compliance Incident Management and Response

• Develop an incident response plan for compliance breaches and violations.
• Understand the legal and practical steps for conducting internal investigations.
• Discuss reporting obligations to regulatory authorities and law enforcement.
• Explore strategies for remediation and corrective actions after an incident.
• Learn from compliance failures to prevent recurrence and strengthen controls.

Module 8: Compliance Program Effectiveness and Continuous Improvement

• Develop a framework for evaluating the overall effectiveness of the compliance risk management program.
• Discuss methods for benchmarking compliance performance against peers and best practices.
• Explore strategies for continuous improvement and adapting to evolving regulatory landscapes.
• Understand the role of compliance technology solutions and regtech.
• Plan for regular review, update, and enhancement of the compliance framework.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with 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