Program Overview

Governance, Risk Management, and Compliance (GRC) is an important professional field for preparing specialists to establish effective governance frameworks, manage enterprise risks, and ensure compliance with laws and regulations.

Professional development in this field is an important step toward strengthening professional competence, increasing transparency, improving operational efficiency, and protecting organizations against operational, financial, and legal risks.

This program aims to provide participants with the professional knowledge and skills needed to understand and apply best practices in governance, risk management, and compliance, enhancing their ability to support transparency, improve operational efficiency, and reduce operational, financial, and legal risks within organizations.

This training program is offered independently by Managerial and Financial Training Center (MFTC). The certificate of attendance issued by the Center documents participation in the training and does not constitute a professional certification issued by an external body.

Course Overview

This course aims to develop participants' professional knowledge and skills in Governance, Risk Management, and Compliance (GRC) by providing theoretical knowledge and practical skills, with an emphasis on global best practices and the application of GRC principles.

The course combines theory and practice through case studies and applied exercises, enabling trainees to connect concepts with practical applications in the workplace and providing them with a good foundation of knowledge to prepare for specialized professional certifications in governance, risk management, and compliance.

Course Objectives

• Understand governance, risk management, and compliance concepts and their relationship to organizational sustainability.
• Equip participants with comprehensive knowledge of integrated governance, risk management, and compliance principles and practices.
• Enable participants to apply GRC principles to improve organizational efficiency.
• Prepare trainees to develop their professional knowledge and assess their understanding of GRC concepts and applications.
• Develop skills in risk analysis and assessment and in drafting policies and procedures aligned with professional standards and practices.
• Strengthen the ability to integrate governance, risk management, and compliance within organizations.
• Provide interested participants with knowledge that helps them prepare to obtain specialized professional certifications in GRC.

Course Outline

First: Introduction to GRC

• Concepts of governance, compliance, and risk.
• The relationship between GRC and organizational sustainability.
• The importance of integrating governance, risk management, and compliance.

Second: GRC Frameworks and Principles

• Professional frameworks and practices in GRC.
• Fundamental principles for implementing governance, risk management, and compliance.
• Stages of implementing and developing a GRC system within organizations.

Third: Corporate Governance

• Corporate governance structures.
• Organizational policies and procedures.
• Roles and responsibilities of stakeholders.
• Principles of transparency, accountability, and oversight.

Fourth: Risk Management

• Risk identification, analysis, and assessment.
• Risk response tools and methods.
• Developing and monitoring risk treatment plans.
• Enterprise risk management.

Fifth: Compliance Management

• Local and international laws and regulations.
• Institutional compliance requirements.
• Building effective compliance systems.
• Monitoring and evaluating compliance with policies and regulations.

Sixth: Integration of Governance, Risk Management, and Compliance

• The importance of integrating GRC elements to achieve organizational efficiency.
• Implementing an integrated governance, risk management, and compliance system.
• Case studies and practical applications.

Seventh: Preparation for Professional Certifications in GRC

• Introduction to fundamental professional concepts and terminology.
• Review of key topics in governance, risk management, and compliance.
• Strategies for preparing for professional examinations.
• Practice questions, practical applications, and mock examinations.

Human Resources Development Fund (HRDF) Support

Develop your professional knowledge and skills, contribute to the human-capability development goals of Saudi Vision 2030, and take advantage of the support opportunities offered by the Human Resources Development Fund (HRDF) for internationally recognized professional certifications approved by the Fund.

This program provides the knowledge and skills to help you prepare for specialized professional certifications in governance, risk management, and compliance (GRC), with the possibility of reimbursement for certification costs after successfully passing the relevant examination, subject to the Fund's policies and the support terms and conditions applicable to each certification.

Target Audience

• Governance, Compliance, and Risk Management Managers.
• Internal Audit and Control Professionals.
• Compliance Officers in banks and companies.
• Consultants and specialists in governance and risk management.
• Professionals working in legal, administrative, and financial departments.
• Individuals seeking to develop their careers and obtain specialized professional certifications in governance, risk management, and compliance (GRC).