Certified Risk and Compliance Management Professional

Why select this training course?

This Certified Risk and Compliance Management Professional Course from Rcademy is a highly curated course that has been carefully designed to provide participants with the skills and knowledge they need to understand and facilitate regulatory compliance and promote enterprise-wide risk management. In addition, it will help participants to understand the necessity of promoting international standards and best practices that align with regulatory and business requirements.

What is the relationship between risk management and compliance management?

While distinct, the two terms are intertwined in the corporate world. While risk management focuses on managing processes to protect an organization from identified activities that could create non-compliance problems, compliance management deals with adhering to established rules that protect an organization from unknown risks.

What is a compliance risk management framework (CRMF)?

CRMF consists of a methodology designed to assess risk ratings to best assess the compliance risk level of an organization as it concerns established rules and regulations, laws, and guidelines.

The Certified Risk and Compliance Management Professional Training Course by Rcademy will provide participants with the skills they need to excel at the certified risk and compliance management professional examination. In addition, it will provide the participants with an encompassing understanding of risk management principles and methodologies employed in business environments.

Participants will learn how to evaluate, monitor and recognize risk so that such can be eliminated or reduced before it begins to exhibit its negative impact on a business. Participants will also be exposed to the process involved in tailoring risk management principles to different business situations. This will equip participants to apply the knowledge they have acquired during the training to their respective businesses and organizations.

Who should attend?

The Certified Risk and Compliance Management Professional Training Course by Rcademy is ideal for different people, especially those constantly involved in businesses and their operations or who have a reason to constantly engage in risk and compliance management. This course is strongly advised to be taken by:

• Professionals intending to understand compliance and risk management
• Career persons desiring to work as compliance and risk officers
• Executive directors, business owners, managers, and senior personnel of corporations
• Human resource managers have to check and oversee the ethical behaviors of the company’s employees and ensure that their actions pose no risk to the company’s goals and mission

What are the course objectives?

The Certified Risk and Compliance Management Professional Training Course by Rcademy aims to achieve the following objectives at the end of the training exercise. Hence, participants should be able to:

• Understand the guiding principles of a certified risk and compliance management professional
• Apply the principles of CRCMP to their workplace and businesses
• Explain the development of risk and compliance in recent times and the implications this have for their businesses
• Comprehend the wholesome extent of exposure to risk in their respective organizations, including the range of possibilities, factors involved, and consequences
• Learn how to minimize the non-compliance organizational risk to the standard required by the executive management
• Develop the skills to design strategies to manage threats to an organization’s finances, which could arise as a result of carelessness, financial imbalance, and improprieties
• Apply strict measures to ensure their organizations are not negatively exposed to unnecessary lawsuits

How will this course be presented?

The Rcademy course on risk and compliance management professionals (CRCMP) will ensure that participants engage in hands-on activities and will emphasize practical learning strongly. Case studies and scenarios are utilized throughout the course to stimulate learning and guarantee that theoretical information is retained so learners can actively develop a practical experience.

This carefully selected training course will employ a variety of tested learning procedures and techniques to maximize the comprehension of the course module’s material. This strategy will also improve the assimilation and recall of information presented.

Alternatively, this training course will strengthen participants’ leadership skills and risk management abilities through engaging assessment, group discussions, role-playing, problem-solving, and other activities. The course materials will include checklists, exercises, and quizzes to test the knowledge acquired by participants.

This course’s content was deliberately crafted to be participant-centered. The course is delivered in various successful ways to ensure that participants are fully engaged in learning. In addition, this course will be carefully presented so that participants can easily transfer the knowledge acquired during the training to their respective businesses.

What are the topics covered in this course?

Module 1: Compliance

• Meaning of compliance
  – Concept
  – Scope
  – Purpose
• Regulatory compliance
• Compliance and rules
• Organizational ethics

Module 2: Legal Codes, Rules, and Regulations

• State and federal laws
• Institutional regulations
• General code of conducts
• International conventions
• Organizational and workplace terms and conditions
• Compliance and fiduciary duties of the Board of Directors

Module 3: Effective Compliance Elements

• Implementation
  – Procedures
  – Processes
  – Policies
  – Principles
  – Standards
• Compliance enforcers
  – Personnel
  – Criteria
  – Team or committee makeup
  – Training
  – External compliance personnel
• Effective communication
• Education, awareness, and supervision
• Auditing
• Monitoring
• Enforcing guidelines
  – Deterrents
  – Reporting
  – Penalties and sanctions
  – Rewards and incentives

Module 4: Risk and Compliance Management Significance

• Why is compliance necessary?
• The obligatory and pervasive nature of compliance
• Significance
  – Avoiding culpability
  – Avoiding sanctions
  – Preventing financial losses
  – Prevents reputational damage
  – Foreshadows potential risks and possible breaches
  – Ensures smooth flow of business

Module 5: Risk Management Principles

• Risk management principles
  – Early identification of risks
  – Contextual management of risks
  – Factoring organizational mission, vision, objectives, and goals
  – Clear definition of portfolio and obligations
  – Stakeholders’ involvement
  – Flexibility to innovation
• The culture of risk management
• The process of managing risk
• Assessing and controlling risk management

Module 6: Compliance and Risk

• Understanding the relationship between compliance and risk
  – Similarities
  – Differences
  – Nexus
• Compliance and risk management
  – Risk identification
  – Risk analysis
  – Risk assessment
  – Risk response
  – Risk monitoring
  – Risk Control

Module 7: Risk Outsourcing

• Managing risk by outsourcing
  – Concept
  – Scope
  – Justification
  – Management
• Data Sharing
• Challenges
  – Trust issues
  – Possible breaches
  – Control loss
  – Financial cost
  – Communication barrier
  – Use of general approaches rather than company-specific approaches

Module 8: Corporate Compliance Requirements

• Auditing
  – Balanced bookkeeping
  – General financial auditing
  – Personnel professional review
• Annual probity
  – Overview
  – Reports
  – Review
• CCTVs to monitor physical access
• Virtual access monitors
• Security
  – Encryptions
  – Password protection
  – Anti-virus
  – Regular updates
• Emergency response
  – What qualifies as an emergency?
  – Safety measures
  – Emergency response team
• Risk analyses and management

Module 9: Case Studies: Compliance Applications

• Government
• Society and environment
• Energy
• Legal institutions
• Academic institutions
• Healthcare institutions
• Financial institutions
• Consumer protection and product safety
• Technology institutions

Business corporation