Governance Arms of Risk Management

• Corporate Governance: Definition, Concept, Rules, Principles
• OECD Principles of CG
• Corporate Governance: Role of the Board of Directors and Management
• Responsibilities of Top Management and Board in Maintaining Good CG
• Effective Executive Management & Board Members
• Disclosure and Transparency

Corporate Governance, how to enforce it practically?

• Mechanisms, Processes & Relations by which corporations are controlled
• Difference between Executive and Non-Executive Board Members
• Board’s Committees: Roles and Responsibilities
• Role of Audit Committee / Risk Management Committee
• Remuneration Committee: A Sensitive Role
• Five Steps to Improve Corporate Governance
• Introduction of Sarbanes-Oxley Act in USA in 2002 (Enron / WorldCom)

• Introduction to Di­fferent Types of Risks Categories
• Risk Management Universe
• Risk Management Framework
• Fundamental Concepts of Enterprise Risk Management
• Identifying Credit Risks
• Identifying Financial Risks
• Identifying Operational Risks
• Identifying Legal Risks
• Identifying Political / Sovereign Risks
• Identifying Ethical Risks / Identifying Fraudulent Risks
• Identifying Non-compliance Risks
• Identifying Reputational Risks

• The Fundamental Differences and Importance of its Convergence
• Overlapping: Healthy or Wasteful?
• Cooperation & Collaboration among these Functions
• Corporate Governance Committees: Audit Committee is No. 1
• Effective Executive Management & Board Members

The Evolution of Internal Auditing towards Risk-based Internal Auditing

• What is Risk-based Internal Auditing?
• The Transition from System-based to Risk-based Internal Auditing
• Different Approaches to Internal Auditing
• Risk-Based Audit Approach
• Risk-Based Audit Methodology
• How and why audit units move into risk based audit programs?
• Audit the Control Environment

• Determination of Internal Auditing Universe
• Risk Mapping
• Risk Registration
• Developing Internal Auditing Plan
• Preparation of a Clear Plan to be Approved by Audit Committee
• Efficiency in the Non-recurrence of Audit Notes
• Audit References to Policies and Manual of Operational Rules & Regulations
• Identification and Classification of Audit Risk

Compliance Risk Assessment & Management

• Definition, Responsibilities and Goals
• Risk Assessment and Management Methodology
• Surveying for Threats & Assessing Vulnerabilities
• Risk Tolerance and Residual Risk
• Designing Controls for Risk Mitigation-Self-Assessments
• Review Design and Auditor Selection
• Program Development / Computer-assisted Auditing Techniques

• Definition, Responsibilities and Goals
• Money Laundering Threats and Methods
• Terrorist Financing Threats and Methods
• International Standards for Anti – Money Laundering / Combatting Terrorism Finance

Compliance Program Governance for Anti – Money Laundering / Combatting Terrorism Finance

• Basic Terms and Definitions
• Regulatory Compliance Management Frameworks
• Regulatory Compliance by Design and Tone at the Top
• Roles and Responsibilities
  • Board of Directors
  • Senior Management
  • Business Unit Leaders
  • Compliance
  • Legal
  • Internal Audit