An Interactive 5-Day Training Course
Corporate Governance for Financial Institutions
Fundamental Governance Roles and Crossroads of Risk Management,
Compliance and Internal Audit
Course Overview
This Corporate Governance for Financial Institutions training course will explain Governance and its tools of Risk Management, Compliance and Internal Audit, its added value, the obstacles and how to implement it practically and successfully.
The content is designed not only to provide an all-round advanced level exposure to critical areas of GRC, but also to attain and improve the concepts, roles, tools, added value and functions of the Governance environment tools within an organization such as Risk Management, Compliance and Internal Audit in order to achieve cooperation among these functions and improve their process and harmony.
This GLOMACS training course will highlight:
- Fundamental concepts of corporate governance, its guiding principles and content elements
- The relationship among risk management, internal audit, and compliance
- Risk assessment, assimilate risk taxonomies and its classification
- Compliance new approach; risk-based compliance as well as the internal audit new approach: risk-based approach
- The necessary components to help your organization become a principled performer
Training Outline
DAY 1: Corporate Governance: What is it exactly? How to enforce it practically?
- Definition, concept, rules, principles and added value
- Barriers / obstacles that prevent full implementation of corporate governance
- External & internal parties involved in governance process
- Difference between executive and non-executive board members
- Board committee: roles and responsibilities
- Role of audit committee / risk management committee / remuneration committee
- Understanding environmental, social, and governance (ESG) and its importance
- Board models: passive board, certifying board, engaged board, intervening board and operating board
DAY 2: Risks of Poor Governance Boards & Poor Strategic Thinking and Planning
- Role and responsibilities of strategic boards and strategic members
- Role of strategic planning and thinking in driving organization's sustainable growth for within the context of sustainable development
- Developing strategic planning culture is required to uphold organizations’ growth
- Connecting challenges with strategic objectives
- Digesting strategy's berries to ensure success
Risk Management, Compliance & Internal Audit Triangle
- The fundamental differences and importance of its convergence
- Overlapping: healthy or wasteful?
- Cooperation & collaboration among these functions
- Implications for the audit and governance arrangements
- Implications for the risk management and risk appetite measures
- Implications for the compliance and regulators requirements
DAY 3: Risk-Based Internal Audit
- What is risk-based internal auditing approach?
- The transition from system-based to risk-based internal auditing
- Risk-based audit methodology
- Audit the control environment
- Determination of internal auditing universe
- Risk mapping / risk registration
- Developing internal auditing plan to be approved by audit committee
Risk-Based Compliance
- Definition, responsibilities, and goals of compliance
- What is risk-based compliance approach?
- What is the right profile of the chief compliance officer?
- Money laundering threats and methods
- Terrorist financing threats and methods
- What is fraud? The fraud triangle & the fraud diamond
- Behavioral red flags of perpetrators
- Fraud risk factors: why people commit fraud?
DAY 4: Risk Management: Risk Catalog & Risk Taxonomies
- What is Enterprise Risk Management? Its universe, framework & fundamental concepts
- Risk control self-assessment, key risk indicators & key performance indicators (KPI)
- Business continuity plan vs. disaster recovery plan
- Identifying credit risks / identifying financial risks
- Identifying operational risks / identifying reputational risks
- Identifying legal risks / identifying non-compliance risks
- Identifying political risks / sovereign risks / country risks
- Identifying ethical risks / fraudulent risks / criminal risks
DAY 5: Identifying Risks and How to Mitigate It?
- Risk taxonomies and organizational classification of risks
Board’s Role in the Crisis Management and Beyond
- Board’s role during a crisis
- Crisis management plans
- Business lessons learned by leaders during crisis
- Financial lessons learned from a pandemic
- Role of the board and audit committee at time of pandemic
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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