Businesses today face challenges attributed to the dynamic economic, volatile market, and pressing regulatory environment they operate in with margins squeezing and competition on the rise. Their strategic objective to enhance revenues in such trying times calls for a continual assessment of the adequacy and effectiveness of the Governance, Risk and Compliance (GRC) mechanisms. This not only implies that an integrated, organizational approach to risk, compliance and assurance activities be undertaken for business sustainability; but that appropriate accountability frameworks be built into and across the institutional heirarchy. In light of the above, this programme has been developed to provide strategic insights to enable participants in addressing complex external and internal influences whilst ensuring a balance between governance, risk management and compliance, since a strategically driven; common approach will facilitate an effective GRC that is well-aligned to organizational ambitions.
Expert knowledge disseminated and facilitation provided during the training will practically benefit the participants in the following:
Board members, CEOs, Chief Internal Auditors, Senior Internal Auditors, Chief Risk Officers/ Risk Management Heads, Risk Managers, Chief Compliance Officers/ Compliance Heads, Senior Compliance Officers, Chief Financial Officer/ Finance Heads, Company Secretaries, Senior Finance Managers, Internal Control Unit Heads, Internal Control Managers, Human Resource Heads, Business Strategy Heads, legal professionals.
|1||Introduction||09:00 am to
|The purpose of this session is to give a brief introduction of the trainer, the purpose of the course, and to know the audience.|
|2||Governance and Organization||09:30 am to
|Importance of governance, risk and compliance
Strategically aligned Board committees – structure, composition, structure cross relationship and synergies
Role of the Board: as a Strategist, Advisor and a Watchdog Working relationship between the Board and the management
Structuring the management organization and grouping functions for optimal operations
|Tea Break (10:15 am to 10:30 am)|
|3||Tone at the Top||10:30 am to
|Corporate governance consciousness
Inculcation of a strong ‘compliance and conduct’ culture across all business, functions and jurisdictions of operations Approaches to monitoring culture
|4||Performance management||11:00 am to
|Creating effective Board appraisals and assessments
Coverage of conduct and related GRC aspects in accountability frameworks and Key Performance Indicators (KPIs)
Process for their use in performance management and decision making processes
|5||Risk Management||11:30 am to
|Governance and risk management failures Role of the Board
Common challenges to Board risk governance Different types of risks
Modern day tools and techniques for effective risk management Fundamentals of Enterprise Risk Management
Risk information and management systems Risk reporting and disclosures
|6||Compliance||12:15 pm to
|Role of the Board
Role of the Compliance Function Resourcing the Compliance Function Compliance program
Compliance risk management and its integration into the GRC framework Compliance monitoring
Compliance information and management systems
|Lunch and Namaz Break (01:00 pm to 02:00 pm)|
|7||Governance and Control||02:00 pm to
|Where does control fit in within GRC?
Responsibility for control design, implementation, testing and validation Self-assessment mechanisms – 1st and 2nd lines of defense Convergence of management testing
Role of Internal Audit
|8||Frauds||02:30 pm to
|Fraud triangle Types of frauds
Roles and responsibilities for anti-fraud Fraud risk management
|9||Role of Internal Audit in GRC||03:oo pm to 03:40 pm||Inter-linkage between internal audit and GRC functions Role of internal audit in ERM implementation
Evaluating the adequacy and effectiveness of the GRC processes Improving organizational and corporate governance culture Role of internal audit in fraud prevention, detection and corporate investigations
|Tea Break (03:40 pm to 04:00 pm)|
|10||GRC Automation||04:oo pm to 04:25 pm||How automation helps
Consolidated platform for governance, risk, compliance and control data and process management
Innovating reception and reporting management information
|Vote of Thanks and Certificate Distribution (04:25 pm to 05:00 pm)|
Faraz is one of the forerunners in modern day risk management consulting and his vision, subject matter knowledge and extensive local and international experience of over 20 years, is widely recognized.
He has led a number of local and international GRC advisory projects spanning from enterprise risk management and internal audit functions to the overarching reviews/ development of entity-wide governance structures, roles of board and management committees, corporate performance management, compliance risk management, anti-fraud frameworks, and GRC technology, to name a few. His GRC expertise also
includes implementation of SOX, COSO Framework on Internal Controls, Basel II and III, FATCA, OECD CRS, financial crime risk assessments, development of departmental ToRs, JDs, policies and procedures framework.
His areas of specialization also include Business Process Reengineering, Operating Model Transformation, Organisational Restructuring, Balanced Scorecards, Customer Experience/ Service Quality, Enterprise Performance Management, Financial and Corporate Reporting, Strategy Consulting, Functional Technology Consulting, etc.
Faraz has conducted a number of orientation/ training sessions imparting conceptual as well as practical hands-on knowledge and sharing experiences to help organizations in developing internal skill sets in diverse disciplines. He has represented at a number of local and regional industry and risk forums and has been a frequent speaker at top forums organised by professional and regulatory bodies. He is also a part of various advisory committees onstituted by such bodies and corporate advisory councils and provides expert feedback, input and advice on the emerging challenges and likely responses.
As part of the Through Leadership and Branding Initiative, he has authored/ coauthored a number of related articles and led the teams to produce various publications on topical issues.
His previous workshop from TerraBiz’s platform was attended by participants from various leading organizations such as UBL, Amreli Steels Limited, Bank Al-Habib, State Bank of Pakistan, ABL Asset Management Company, Central Depository Company of Pakistan, Pakistan State Oil, Lucky Cement Limited, Bank Alfalah Limited, Habib Metropolitan Bank Limited, National Bank of Pakistan, TCS Private Limited etc.
Date: Tuesday, March 5, 2019
Venue: Karachi Marriott Hotel
Time: 9:00 am – 5:00 pm
Date: Thursday, March 7, 2019
Venue: The Faletti’s Hotel, Lahore
Time: 9:00 am – 5:00 pm
For further information please contact
+92 330 3184168 / +92 21 3483 3775
For cancellations made in the 7 working days to the workshop, no refunds
will be given. Cancellations must be confirmed by email. Substitutions may be made at any time.
|Group Discount 10% Discount
on 2 or more nominations from the same organization
*Discounts are mutually exclusive
Regular Fee: Rs. 32,500 per participant
Syed Faraz Anwer, FCA
Partner, Business & Risk Consulting
A. F. Ferguson & Co. (a member firm of the PwC network)
Date : Tuesday, March 5, 2019
Time : 9:00 am – 5:00 pm
Venue : Karachi Marriott Hotel
Date : Thursday, March 7, 2019
Time : 9:00 am – 5:00 pm
Venue : The Faletti’s Hotel, Lahore
Fee : Rs. 32,500 per participant