Ref : CRK / 2 days
Context
The objective of this course is to teach participants how to identify risks that companies may encounter and build a comprehensive control system which satisfies a wide range of regulatory compliances. Participants will learn how to make the most from tool and the method to guarantee that controls are efficient and cost-effective.
Best practices in Governance, Risk and Compliance are discussed and the four phases of the MEGA risk management approach are thoroughly explained. Training participants complete a series of practical exercises, which enable them to apply the theory presented to identify risks and set-up control systems.
Who should attend?
- Risk Managers,
- Internal Auditors
- Quality Assurance Managers
Expected Benefits
- Discover MEGA’s approach for identifying risks and putting in place control systems
- Master the use of MEGA Control & Risk for your Governance Risk and Control projects
- Learn, through a concrete case study how to use MEGA Control & Risk
- Discover the advantages of using the MEGA repository to guarantee the coherence of the control systems and to facilitate communication.
Course Content
Part One: MEGA offering and modeling concepts
- General presentation of MEGA and the key modeling concepts
- The major concepts are defined:
- Regulation Framework
- Risk and Incident
- Control
- Control System
Part Two: Modeling Control Systems
- Four phases of the MEGA risk management approach
- Environment Analysis
- Risk Assessment
- Risk Treatment
- Operational Management of Risk Control Policies
- Information & Communication Recommendations
Part Three: Risk Management projects
- Methodologies and Frameworks
- COSO I & II,
- AS/NZS 4360
- Financial regulations
- Sarbanes–Oxley
- Basel II & Solvency II
Part Four: Mastering the MEGA repository
- Exploring repository content
- Using the query tools
- Generating documents
- Working as a team
Practical Exercises
During this course, the instructor led lab exercises will provide participants with the practical experience they need to use MEGA Control & Risk on their Governance Risk and Compliance projects. Notably they will learn how to:
- Create a Control System
- Create a Control & Risk Project
- Organize Risk Assessment
- Define Risk Treatment