Compliance and Regulatory Risk Management

Course Overview 'Compliance and Regulatory Risk Management' is a comprehensive three-day course intended to give delegates an excellent introduction to the basic principles and core concepts of risk, and risk management. From this background, delegates will then develop a good understanding of the wide range of risks associated with compliance and regulation, and how these risks can be assessed and managed effectively; the course will consider these risks on both a domestic and international dimension. Critical risks associated with ethics, culture and behaviours will also be considered in some depth. Arguably, the greatest and fastest-developing risk that companies and organisations currently face is that of managing the compliance of their Third-Parties and this crucial area is covered extensively in the course and is intended to give delegates an excellent understanding of how to manage compliance with particular regard to wide-ranging third-party relationships, including suppliers, agents, contractors and partnerships. The course will consider the full range of issues that need to be considered in managing relationships with third-parties, of varying sizes, types and locations. There will a review of the tools and techniques of third-party management, including a section on the ‘Associated Persons’ requirement of the UK Bribery Act, which relates to third-party relationship analysis, risk and management. The course is organised on a highly interactive basis, with plenty of opportunity for questions and discussion. Delegates: The course will be relevant to a wide range of delegates from differing backgrounds including risk management, legal, finance, general management, government relations, strategy, regulation and compliance; compliance delegates, for example, will range from Chief Compliance Officer through to more junior compliance officers Delegate Materials: In addition to the core course materials, delegates will also receive related Whitepapers and published short articles produced by the Course Leader. View our 60 Second Interview with the Course Director - Keith Read We took the opportunity to ask our expert Course Director a few questions on the current market challenges and how he became involved in this exciting industry. This is what he had to say. Summary of course content Practical risk management Compliance risk management strategy Key methodologies in assessing risk, including regulatory risks Risks associated with ethics, culture and behaviours Techniques to map out a course of action Methodology As part of the course, delegates will undertake a combination of case studies, group discussions and exercises. Delegates will also have the opportunity to apply the techniques and lessons learnt from the case studies to their own company, organisation, and role. Who should attend this training course? The course will be relevant to a wide range of delegates from differing backgrounds including Compliance Regulation Risk management Legal management Finance management General management Government relations
Day 1 Introduction to compliance and regulation Introduction to risk management What is risk? Consequences of risk Examples of risk management failure, and excellence How can risk be managed? Risk management in theory, practice and language Categories of risk Risk management tools and techniques, including standards (inc. BS31000) Embedding risk management - education, process, risk registers et al Regulatory risk, and risk types Compliance risk, and potential consequences Day 2 Risk attitudes Risk management life cycle Risk analysis and evaluation + Risk action and mitigation planning Risk management process and best practice ‘Bow Tie’ model and other key techniques/approaches Identifying the ‘Black Swans’ Strategy and risk + risk and opportunity Risk identification and measurement Case Study/Group Exercise Ethics of risk; ‘Bounded ethicality’ and ‘Ethical fade’ Risk scanning and assessment - ‘through the windscreen’ and ‘through the mirror’ Perverse incentives - target setting, and management Specifics of compliance and regulatory risk Managing effective relationships with regulators Compliance and regulatory risk management strategy Who are your organisation’s third-parties? Why are they so crucial and what are the associated risks? What are the categories of third-party viz.: What controls, processes and third-party infrastructure do you already have? UK Bribery Act - ‘Associated Persons’ requirement Tools and techniques Internal External Opportunities Commercial solutions Third-party risks, and their management; who is in the ‘front line’? Third-party relationship failure - examples Third-party contractual considerations What should you require of your third-parties? Communications, education and training Due diligence Specifics of third-party risks, including: Bribery and corruption Competition Law/Anti-Trust Gifts and Hospitality/Gifts and Entertainment Roles of regulators Codes of Conduct The ‘Mother Ship Syndrome’ Third-party risk management processes Day 3 Bribery and corruption explained; how are bribery and corruption perpetrated? Domestic and international risks of bribery Bribery Act practicalities; what it means for individuals and organisations Ethics, culture and behaviours + Rules, principles and values Third-party relationships - internal and external challenges Third-party relationships - are there any measures? Global supply chains Corporate Extranet - provision, access and content Whistle-blowers and Hotlines Qualifications - ‘Qualified Suppliers’, Compliance ’Covenant’ and Compliance ‘Passport’ Third-parties; the reputational risks for your organisation Third-party risk management processes The role of audit Case Study/Group Exercise The ‘Coffee Bean’ example - proactive third-party risk management Third-party management - Critical Success Factors Third-party compliance; the key questions for your organisation The Corporate Shield