Certified Governance, Risk and Compliance Professional - GRCP Training Course in Dubai, UAE

Course overview

In today's rapidly evolving, complex regulatory landscape, robust Governance, Risk, and Compliance (GRCP) practices are paramount. Businesses and Government Entities face myriad security challenges, some even stemming from the cyber realm, turning the understanding of these practices from a good-to-have into an essential component of their strategy. Furthermore, the short and long-term opportunities that comprehensive GRCP practices can unveil help demonstrate an additional reason for their rising priority.

Our advanced Certified Governance, Risk, and Compliance Professional (GRCP) course, available in-house, public and online delivered in regular and short format, has been developed in association with leading compliance experts. It provides the eligibility necessary to tackle these challenges head-on. Whether you're a seasoned professional or an aspiring associate in the field, this advanced course equips you with comprehensive knowledge and practical skills in GRCP, standing out as one of the best certification programs available today. Enrolling in this short intensive course is a step towards acquiring a highly regarded certificate in the industry. As an ICA associated course, it presents opportunities to learn from real-world case studies, best practices, and innovative strategies. Our aim is to enhance your understanding and application of GRCP, increase security measures, and foster a proactive risk management culture within your organization. This, in turn, paves the way for improved decision-making processes and strategic planning.

This invaluable training, which is part of our suite of GRCP courses, will ultimately optimize your company's management and control mechanisms, making it a good investment in your professional journey. After completing the Certified Governance, Risk and Compliance Professional course, participants will be able to:

• Analyze and implement existing governance standards effectively
• Comprehend the critical role of regulatory compliance and manage internal and external controls
• Recognize the strategic advantages of aligning corporate objectives with governance structures
• Develop a robust, integrated GRC framework, considering both economic and ethical implications
• Utilize advanced tools to optimize management and control mechanisms within companies
• Understand the connection between company performance, transparency, and control obligations

Who Should Attend

This GRC Professional certificate is most beneficial for:

• Board of Directors
• Executive Directors
• Aspiring Directors Senior Executives
• Risk Managers
• Compliance Managers
• Divisional Managers
• Strategic Planners
• Business Improvements and Efficiency Professionals
• Everyone who aims to improve their professional skills

What will you gain

Upon completion of this GRC certification course, participants will gain the ability to:

• Comprehend the fundamental role of GRC within an organization's structure
• Implement effective strategies to fulfill regulatory requirements
• Acquire skills to anticipate and manage risks proactively
• Apply principles of corporate governance in risk identification, monitoring, and control
• Appreciate the potential impacts of regulatory changes on the organization
• Identify risks associated with weak compliance using global case studies of strong compliance cultures
• Formulate contextual internal audit procedures for corporate governance
• Improve decision-making by enhancing the quality of information used
• Foster a robust risk culture within the organization
• Communicate and ensure adherence to the organization's risk appetite
• Define an integrated GRC management model that aligns with the organization's vision and objectives

Course content

• Introduction to Corporate Governance
  • Governance Main concepts
  • Governance Evolution and Background
  • The three principles: Accountability, Fairness, Transparency
• Stakeholder Theory of Corporate Governance
  • Internal and external stakeholders
  • The shareholders and general assembly
  • The board
  • Board committee
  • Internal auditor and compliance officer
  • Other stakeholders
  • The role of governance in stakeholders’ management
• The Need for Compliance
  • The function of compliance management
  • Different types and levels of risks
  • Internal and external compliance
  • Internal auditing, risk management and compliance management.
  • Compliance Statement
  • Types of internal compliance at different levels
  • Corporate governance context
  • Regulatory and the risk of non-compliance
  • Policies, procedures, supervision, and governance
• Non-compliance Impact on Market and Business
  • Loss of business, causes, and avoidance
  • Loss of reputation, causes, and avoidance
  • Loss of market share, causes, and avoidance
  • Loss of trust, causes, and avoidance
  • Indirect non-compliance impact on financial profit and loss
• Compliance with Governance Policies and Procedures
  • Compliance with the Code of conduct
  • Compliance with the Code of ethics
  • Compliance with the Conflict-of-interest policies
  • Equality, diversity, and inclusion, the impact of non-compliance
  • Non-compliance with Data protection
  • Health and safety, the risk of non-compliance
  • Risk management, compliance and conflict of interest
  • The principal-agent problem
  • Moral hazard and conflict of interests
  • The causes of risks
  • Professional risk
  • The duty of the supervisory board to monitor risk management
  • The COSO cube vs ISO 31000
  • Legal basis of compliance management
  • The CMS control loop
• Governance, Risk & Compliance: Integrated Overall Concept
  • The GRC framework
  • GRC management
  • Factors influencing GRC management
  • The economic micro and macro influence
  • Complexity of the business model
  • Demands of the business environment
  • Corporate culture & risk appetite
  • The elements of the GRC strategy
  • The Risk Assessment of the Internal Audi
  • Comparative analysis of GRC functions in risk assessment and monitoring
  • Primary activities compliance
  • Support activities compliance
  • The monitoring of compliance management
  • The GRC organization as the backbone of the GRC management model
  • Acting on GRC functions at the unit level (micro level)
  • The cooperation of GRC functions in management and control board (macro level)
  • The GRC communication: medium of demand and promotion
  • Instruments, goals and addresses of GRC communication
• The IT Role in Corporate Governance
  • The GRC technology as an efficiency driver in complex Context conditions
  • The IT infrastructure as an efficiency driver of GRC management
  • The impact of new artificial intelligence adoption on the IT governance part
• Review and Feedback
  • Review of key course learnings
  • Future trends in GRS practices