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Introduction to Compliance Risk Management CRM
Compliance risk management CRM for Compliance, Risk Management, Internal Audit and IS Security Professionals
This Course Includes
udemy
4.1 (739 reviews )
3h 44m 
english
Online - Self Paced
professional certificate
Udemy
About Introduction to Compliance Risk Management CRM
Do you know why companies and institutions are being penalized by regulators? How do companies manage the risk of noncompliance with regulatory requirements? Why Board of Directors of companies are concerned about regulatory risk management and more specifically the compliance risk management CRM?
Compliance Risk Management is an emerging field and it gained importance all around the world because all organizations and institutions, across the globe, are required to establish a strong compliance culture, framework, and policies to ensure compliance with applicable laws and regulations and avoid reputational losses due to non-compliances. To manage Compliance Risks, organizations and institutions spend lots of money to strengthen their compliance policies, processes, and compliance systems.
About This Compliance Risk Management Course:
In this course, you will get an insight into how the companies and regulators are focusing on a
strong compliance culture
to manage the affairs of the company or institutions and
avoid penalties and reputation losses.
You will learn why is it important for risk functions such as Risk Management, Compliance, and Controls, IS Security, Quality Control, and Audit to support each other in their work. You will learn about
new and emerging risks
and their significance in the compliance risk management process. You will learn about
Compliance Risk Management, the Role of the Compliance Risk Committee, the Compliance Function and its Role, and the Role of the Chief Compliance Officer (CCO) in ensuring Regulatory Compliance.
You will learn
the methodology and matrix used to perform Compliance Risk Assessments.
To understand the risk assessment methodology and risk matrix application, you will learn High, Medium and Low Risks Classifications, and the application of the
'5 by 5' Risk Assessment Matrix
used to perform Inherent and Residual Risk Assessments.
You will learn through an
example
the
'calculation of inherent and residual risk ratings'
, using the
'5 by 5' Risk Assessment Matrix'.
Case Studies:
In this course, different practical Case Studies are discussed in detail. In the case studies, you will learn 'how to practically identify 'AML/CFT Compliance Risks' and 'Record them in the Compliance Risk register'.
Other Case Studies:
- Pharmaceutical Company Case - Identifying and documenting Compliance Risks and Mitigation Controls relevant to a Pharmaceutical Sector Company - Technology Company Case - Identifying and documenting Compliance Risks and Mitigation Controls relevant to a Technology Company
Multiple Choice Questions - MCQs:
- MCQs are also part of this course, to test your knowledge about Compliance Risks and Its Management, gained through attending this course. --- You will learn
new terms
applicable to risk and compliance functions that are used by Managers and Executives of the company. This course will
help you in your job roles
particularly if your area is Compliance, Risk Assessment, and Compliance Risk Management (CRM). This course will provide you with a broader idea of how to prepare the
risk inventory database
. This course will also make you understand how important it is for internal audit, compliance, and risk management to work together as part of the governance and controls defense model. At the end of this course, MCQs are to be attempted by students to check the knowledge gained through this course. After attending this course you will be able to
confidently
talk and communicate
with risk, compliance, audit, and related professionals.
Who is this course for:
Compliance professionals. consultants, and students
AML Analysts, CFT Analysts
Anti-Financial Crime Compliance Professionals and Specialists
Risk management professionals and students
Information security/cybersecurity professionals and students
Internal audit professionals and students
Internal controls professionals
Finance professionals and students
Business/Company owners and their leadership/employees
ACCA, CPA, CGA, CMA, CAMS students
What You Will Learn?
- Understand the foundations of Compliance Risk Management CRM in a company or institution. How the compliance risks are managed in Organizations .
- Understand the Governance and Compliance Culture attributes in CRM model. .
- How companies are creating strong Compliance Functions and Environment to avoid penalties and reputation losses. .
- Role of Compliance Risk Committee CRC and Roles and Responsibilities of Compliance function in an Organization or institution. .
- How risk inventory database is created and maintained by Risk Management functions from different available sources of compliance risks. .
- Risk Assessment Methodology and Risk Matrix used to perform Compliance Risk Assessments .
- Use of '5 by 5' Risk Assessment Matrix to Calculate Inherent and Residual Risk Assessments Ratings .
- Different Case studies, to understand the process of identifying compliance risks, application of mitigation controls, and documenting them. .
- After this course students will be able to perform research and prepare the risk inventory from the available regulatory requirement. Show moreShow less.