Effective Governance, Risk and Compliance (GRC) practices are essential to achieving and maintaining public trust and confidence in financial services, which are critical to the proper functioning of the sector and the economy. Poor GRC can contribute to bank failures, which can pose significant public costs. Such failures also have the potential to impact on any applicable deposit insurance system, and there is the possibility of broader macroeconomic implications, such as contagion risk and impact on payment systems. This was illustrated in the financial crisis that began in 2008.
From a financial industry perspective, GRC involves the way the business and affairs of a firm are governed by its board and senior management, including how they:
• set the firm’s strategy and objectives
• determine the firm’s risk tolerance/appetite
• operate the firm’s day-to-day business
• protect the interests of depositors, meet shareholder obligations, and take into account the interests of other recognised stakeholders, and
• align corporate activities and behaviour with the expectation that the firm will operate in a safe and sound manner, with integrity and in compliance with applicable laws and regulations.
This course may take up to 3 hours to complete. However, actual study time differs as each learner uses their own training pace.
This course is ideal for anyone wishing to know the essentials of GRC and the international regulatory environment. It is also suitable to professionals pursuing regulatory CPD in Financial Regulation (such as the FCA etc).
• Board Members
• Governance Officer
• Compliance Manager
• Risk Manager
• Audit Executive
• Internal Auditor
• IT Auditor
• Corporate Counsel
The course is offered fully online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop and resume their training at any time.
At the end of each session, participants take a Quiz to complete their learning unit and earn a Certificate of Completion once all quizzes have been passed successfully.
Accreditation and CPD Recognition
This programme has been developed by the London Governance and Compliance Academy (LGCA)
, a UK-recognised training institution.
The syllabus is verified by external subject matter experts and may be accredited by financial regulators, such as FCA and general financial training accreditation bodies, such as CISI, for 3 CPD Units.
Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.
Registration and Access
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. Access to the course is valid for 365 days.