Emerging Trends in Governance, Risk and Compliance

Emerging Trends in

Governance, Risk and Compliance

COURSE OVERVIEW

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.

LEARNING OUTCOME

Expert knowledge disseminated and facilitation provided during the training will practically benefit the participants in the following:

  • Achieving strategic alignment and structuring GRC layers that support business performance, prevent redundancies, and inconsistencies around fulfilment of the same objective i.e. to protect the institution from any material financial, operational, and reputational risk
  • Understanding the roles and responsibilities of oversight functions in designing and implementing an effective GRC programme
  • Adopting an integrated approach toward GRC to support business strategy and sustainability
  • Integrating and improving corporate performance, risk and compliance programs
  • Devising a well-structured risk assessment program that helps entities understand and stay within acceptable boundaries of corporate conduct
  • Understanding how technology may be used to support integrated governance, management and assurance of performance, risk and compliance
  • Developing meaningful MIS that provide insights into business risks and compliance obligations, how these are being managed and assurance over the key business risks
WHO SHOULD ATTEND?

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.

S.# Outline Timing Contents
1 Introduction 09:00 am to

09:30 am

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

10:15 am

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

11:00 am

Corporate governance consciousness

Inculcation of a strong ‘compliance and conduct’ culture across all business, functions and jurisdictions of operations Approaches to monitoring culture

Whistleblowing

4 Performance management 11:00 am to

11:30 am

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

12:15 pm

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

01:00 pm

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

02:30 pm

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

03:00 pm

Fraud triangle Types of frauds

Roles and responsibilities for anti-fraud Fraud risk management

Inventorying frauds

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)

Course Director

Syed Faraz Anwer, FCA
Partner, Business & Risk Consulting A. F. Ferguson & Co. (a member firm of the PwC network)

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

Registration

For further information please contact
Marya Saeed
+92 330 3184168 / +92 21 3483 3775

Terrabiz Cancellation Policy

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.

Registration Investment
Group Discount 10% Discount

on 2 or more nominations from the same organization
15% Discount for members of ICAP, ICMAP, IIA and CFA Society of Pakistan
(For larger groups, please send us a note at info@terrabizgroup.com)


*Discounts are mutually exclusive

Regular Fee: Rs. 32,500 per participant
Includes courseware, certificate, lunch, refreshments and business networking

Print Media Partner

Business Magazine Partner

International Partner

Course Director

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