Introduction To Compliance Risk Management Crm

Compliance risk management CRM for Compliance, Risk Management, Internal Audit and IS Security Professionals

Last updated 2022-01-10 | 3.9

- Understand the foundations of Compliance Risk Management CRM in a company or institution. How the compliance risks are managed in Organizations
- Understand the Governance and Compliance Culture attributes in CRM model.
- How companies are creating strong Compliance Functions and Environment to avoid penalties and reputation losses.

What you'll learn

Understand the foundations of Compliance Risk Management CRM in a company or institution. How the compliance risks are managed in Organizations

Understand the Governance and Compliance Culture attributes in CRM model.

How companies are creating strong Compliance Functions and Environment to avoid penalties and reputation losses.

Role of Compliance Risk Committee CRC and Roles and Responsibilities of Compliance function in an Organization or institution.

How risk inventory database is created and maintained by Risk Management functions from different available sources of compliance risks.

After this course students will be able to perform research and prepare the risk inventory from the available regulatory requirement.

* Requirements

* Willingness to learn how companies work to manage Compliance Risks practically. Basic knowledge of Risk Management
* Compliance and Governance Structure in a company or institution

Description

Do you know why companies and institutions are being penalized by regulators? How companies manage risk of non compliance to regulatory requirements? Why Board of Directors of companies are concerned about regulatory risk management and more specifically the compliance risk management CRM?

In this course you will get insight about how the companies and regulators are focusing on strong compliance culture to manage the affairs of the company or institutions and avoid penalties and reputation losses. You will learn why is it important for risk functions such as Risk Management, Compliance and Controls, IS Security, Quality Control and Audit to support each other in their work. You will learn new and emerging risks and their significance in compliance risk management process.

You will learn new terms applicable in risk and compliance function that are used by Managers and Executives of the company. This course will help you in your job roles particularly if your area is compliance, risk assessment and management.

This course will provide you a broader idea on how to prepare the risk inventory database. This course will also make you understand how important is this now for internal audit, compliance and risk management to work together as part of governance and controls defense model.

After attending this course you will be able to confidently talk and communicate with risk, compliance, audit and related professionals.

Who is this course for:

Compliance professionals and students
Risk management professionals and students
Internal audit professionals and students
Internal controls professionals
Finance professionals and students
ACCA, CPA, CGA, CMA students

Who this course is for:

Compliance, AML CFT, IT, IS Security and Risk Advisory professionals.
Risk Management, Internal Controls, Audit professionals or students pursuing to join these fields.
Students of CAMS, CIA, FRM, ACCA, CA, MBA, CPA CGA
Those willing to gain practical knowledge of compliance risk management CRM

Course content

10 sections • 35 lectures

Introduction 3 lectures

Course Instructor Introduction Preview 02:19

Course Instructor's introduction. Instructor is a senior Compliance and Risk Management professional with more than 15 years of work experience with different MNCs and Financial Institutions. Instructor possess in-depth knowledge about Compliance Risk Management CRM and Regulatory Compliance. This course is designed on Compliance Risk Management CRM.

Course Background and Its Importance Preview 02:00

Importance of Compliance Risk Management is discussed.

Course Contents Preview 01:57

Details of the course on Compliance Risk Management is covered here.

Compliance Culture 5 lectures

Course Instructor Introduction Preview 03:56

What is Compliance Culture Preview 02:00

Importance of Compliance Culture Preview 01:49

In this lecture students will learn how important it is for companies to create a strong compliance culture to avoid penalties and financial losses.

Testing Effectiveness of Compliance Culture in a Company Preview 02:45

How can it be tested that whether a company is maintaining a strong compliance culture is discussed in this lecture. These are the ways which regulators and auditors use to assess the compliance culture in a company.

Practical Activity Test Preview 02:06

Types of Risks 4 lectures

What is Risk Preview 02:01

Three Main Types of Risks Faced by Every Company Preview 04:48

New and Emerging Risks Preview 02:01

Real Life examples of Compliance Risks in IT function and Compliance Function Preview 02:01

Compliance Risk 4 lectures

Introduction to Compliance Risk Preview 03:10

Sources of Compliance Risks Preview 02:00

Compliance Risk Inventory Preview 02:00

Practical Activity Preview 02:00

Three Lines of Defense (TLOD) Model 4 lectures

What is Three Lines of Defense TLOD Model in Compliance Preview 02:01

Three lines of Defense model is an effective structure created within any organization, which ensures that internal controls and frameworks established to meet regulatory requirements are robust and operating effectively. Three lines of defense are three layers of controls which overall form a strong framework, to manage the Compliance Risks in the organization.

The purpose of Three Lines of Defense Model is to ensure effective Compliance Risk Management (CRM) practices are maintained.

Role of First Line of Defense and Second Line of Defense in CRM Preview 03:20

First Line of Defense performs Business Activities and Second Line of Defense ensures Compliance of applicable regulations and standards including internal policies and procedures.

Role of Third Line of Defense in CRM Preview 02:12

The Third line of Defense is the overall monitoring layer in TLOD model, to ensure the operating effectiveness of Compliance Controls

Practical TLOD model implemented in industry Preview 03:30

Governance Structure 4 lectures

What is Governance in Regulatory Compliance Preview 02:00

What is Compliance Governance Structure Preview 03:53

Role of Board of Directors in Compliance Governance Preview 02:23

Practical Model of Governance Structure Preview 01:58

Compliance Risk Committee CRC 4 lectures

What is Compliance Risk Committee CRC Preview 02:20

Role of Compliance Risk Committee CRC Preview 02:28

Terms of Reference TORs of Compliance Risk Committee CRC Preview 02:00

Practical Activity Preview 01:58

Compliance Function 5 lectures

Introduction to Compliance Function Preview 02:29

Compliance Function works as a backbone of every institution or organization. Without this function, the institutions and organizations may not ensure strong compliance culture and compliance with applicable regulatory requirements. This means to avoid penalties and reputational losses, the organizations establish a full-fledged Compliance Function or Compliance Department.

Composition and Independence of Compliance Function Preview 02:39

Compliance Function or Compliance Department works as an independent department which means the team or staff of compliance is not supposed to perform day to day business activities, instead, Compliance department monitors the activities and transactions, performed by business and other departments to ensure that regulatory breaches are not made by the business and other departments.

Role and Structure of Compliance Function Preview 02:56

Responsibilities of Compliance Function and CCO Preview 03:57

Practical Assignment Preview 02:00

Who Is Compliance Officer 1 lectures

Compliance Officer or Money Laundering Reporting Officer (MLRO) Preview 08:58

In this lecture, you will learn about the Compliance officer of the organization. The compliance officer is appointed by nearly every regulated entity such as Money Service Businesses, Banks, Insurance Companies, E-Commerce businesses, etc. Without Compliance Officer, the organization may not be able to ensure compliance with applicable regulatory requirements,

So this lecture will provide you with knowledge about the Compliance Officer and what he or she does in the organozation.