General Description
The Regulatory Compliance and Compliance Program Management course provides a comprehensive practical framework for understanding and managing compliance within organizations through a risk- and evidence-based approach. It introduces trainees to the concept of compliance, its scope and boundaries, and its relationship with laws, regulations, internal audit, control, and risk management, while clarifying the responsibilities of the various parties within the compliance framework.
The course covers the sources of regulatory and organizational obligations, methods for classifying them, and determining their scope of application and ownership. It then moves to translating compliance obligations into assessable compliance risks and analyzing the relationship between risks, controls, and evidence. The course also focuses on applying Evidence-Based Gap Analysis to identify compliance gaps and prioritize them according to risk level and priority.
Trainees will also learn about the key components of a Compliance Management System and how to design a Risk-Based Compliance Program, including setting priorities, establishing control activities, and implementing Testing & Monitoring mechanisms to verify control effectiveness and ensure ongoing compliance.
The course also addresses the management of non-compliance (Issues), corrective actions, escalation, follow-up, and the preparation of clear compliance reports directed to management or the appropriate supervisory authority.
The Goals
- Explains the concept of compliance and distinguishes it from law, auditing, monitoring, and risk management.
- Classifies organizational obligations and identifies the source, scope of applicability, and method of implementation for each obligation.
- Converts a Compliance Obligation into an assessable Compliance Risk.
- Analyzes the relationship between Compliance Risk, Compliance Control, and Evidence.
- Assesses the current state of compliance using Evidence-Based Gap Analysis.
- Prioritizes compliance gaps according to risk priority.
- Designs the key components of a risk-based compliance program.
- Designs Monitoring & Testing Activities appropriate to the nature of the obligations
