Developing a Risk Policy and Governance Framework for Internal Audit in

Introduction:

This training course is designed for Directors of Internal Audit & Risk who are responsible for developing a risk policy and governance framework for their organization. The aim of this course is to provide a comprehensive understanding of the key concepts, principles and best practices of risk policy and governance framework, and equip participants with the skills necessary to design and implement an effective framework in their organization.

Outputs:

Upon completion of this course, participants will be able to:
- Understand the key concepts, principles, and best practices of risk policy and governance framework
- Develop a risk policy and governance framework that is aligned with the organization's goals and objectives
- Implement effective processes and procedures for ongoing monitoring and reporting of risk policy and governance framework
- Identify and mitigate risk exposure in the organization

Objectives:

The objectives of this course are to:
- Provide a comprehensive understanding of the key concepts, principles, and best practices of risk policy and governance framework
- Equip participants with the skills necessary to design and implement an effective framework in their organization
- Develop an understanding of the role of internal audit in ensuring the effective implementation of risk policy and governance framework
- Provide participants with the tools and techniques necessary to identify and mitigate risk exposure in the organization

Who Should Attend This Course:

This course is designed for Directors of Internal Audit & Risk, as well as senior level Internal Auditors and Risk Management professionals.

Outline for 5 Days:

Day 1: Introduction to Risk Policy and Governance Framework

Topics Covered:

- Overview of risk policy and governance framework
- Key concepts and principles of risk policy and governance framework
- Best practices for risk policy and governance framework

Day 2: Designing a Risk Policy and Governance Framework

Topics Covered:

- Aligning risk policy and governance framework with the organization's goals and objectives
- Developing risk management processes and procedures
- Establishing an effective risk management culture in the organization

Day 3: Implementing a Risk Policy and Governance Framework

Topics Covered:

- Ensuring effective communication and buy-in from stakeholders
- Implementing processes and procedures for ongoing monitoring and reporting of risk policy and governance framework
- Building a risk management capability within the organization

Day 4: The Role of Internal Audit in Ensuring Effective Implementation of Risk Policy and Governance Framework

Topics Covered:

- Understanding the role of internal audit in risk management
- Developing an internal audit plan to support risk policy and governance framework
- Conducting risk-based internal audits

Day 5: Identifying and Mitigating Risk Exposure in the Organization

Topics Covered:

- Identifying risk exposure in the organization
- Evaluating and prioritizing risk exposure
- Implementing risk mitigation strategies to reduce risk exposure
- Monitoring and reporting on risk mitigation activities.

Throughout the course, participants will have the opportunity to work on practical exercises and case studies to apply the concepts and skills they have learned. The course will also include interactive discussions and opportunities for participants to share their experiences and insights.