General Description of the Training Program
In light of increasing regulatory challenges and the ongoing evolution of the legal and operational environment, it has become essential for organizations to develop an integrated system for Governance, Risk Management, and Compliance (GRC). This training program aims to equip participants with the knowledge and skills necessary to understand and professionally apply GRC concepts, enhancing their organizations’ ability to achieve strategic objectives efficiently and effectively.
General Objective
To provide participants with the essential knowledge and skills to apply the principles of governance, risk management, and compliance according to international best practices, prepare them for the GRCP certification exam accredited by the OCEG organization, and enable them to contribute to building an integrated institutional environment based on transparency, efficiency, and compliance.
Detailed Objectives
- Understand the Concept and Modern Development of GRC:
Identify the integrative relationship between governance, risk, and compliance and their role in achieving organizational objectives.
Distinguish the roles of sound governance within organizations. - Define Stakeholders’ Responsibilities and Understand Governance Principles and Frameworks:
Master tools and principles of Enterprise Risk Management (ERM). - Ability to Analyze and Assess Risks and Develop Effective Response Plans:
Design and implement corporate compliance programs. - Recognize Regulatory Frameworks, Compliance Monitoring Tools, and Audit Reporting:
Understand the integrated GRC model and its applications. - Apply an Integrated Approach in Developing Governance, Risk, and Compliance Strategies within the Organization.
- Fully Prepare for the International GRCP Exam:
Through comprehensive review, mock exams, and analysis of frequently asked questions.
Apply real-life case studies to enhance critical thinking and strategic analysis. - Integrate Theoretical Concepts with Real Work Environments.
Course Modules
1. Introduction to GRC and Governance Concepts
- General introduction to the concept and evolution of GRC
- Differences between governance, risk management, and compliance
- Importance of GRC in modern organizations
- Corporate governance models and recognized frameworks
- Roles and responsibilities of stakeholders in governance
- Case Study: Evaluating governance practices in a real organization
2. Enterprise Risk Management (ERM)
- Principles of risk management according to COSO ERM
- Identifying and assessing risks in the organizational context
- Risk analysis
- Risk response plans and monitoring mechanisms
- The role of organizational culture in effective risk management
- Practical Application: Designing a Risk Register
3. Compliance and Regulatory Commitment
- Concept of compliance and its legal and regulatory importance
- International compliance methods
- Designing internal compliance programs
- Compliance monitoring and regulatory reporting
- Tools and systems supporting compliance
- Practical Application: Preparing a compliance matrix for a regulatory body
4. Integrated GRC
- Importance of integration among GRC components
- GRC integration models in the business environment
- Transitioning from traditional compliance to integrated GRC
- Measuring GRC maturity and evaluating system effectiveness
- Using technology in GRC management
- Workshop: Analyzing a GRC model for an international company
5. Final Assessment and Certification Preparation
- Comprehensive review of course key concepts
- Open discussion on applying GRC in the local environment
- Preparing for the international GRCP exam
- Mock exam with group correction
- Analysis of frequently asked questions in the GRCP exam
- Final evaluation and course conclusion
