Udemy - Introduction To Compliance Risk Assessment

What you'll learn
Learn about Compliance, and Compliance Risks, with examples
Learn about Regulators, different Laws, Regulations and Standards issued by Regulators
Learn key Compliance Areas and related Requirements such as Cybersecurity, Data Privacy, ESG, Health and Safety, Anti Financial Crime Compliance, etc
Learn about Risks, and Common Compliance Risks faced by Financial Institutions
Learn about Inherent Risk Assessment, Residual Risk Assessment, Risk Scores, Ranges, Impacts and Likelihood
Learn about Compliance Risks Identification Process
Learn about the methodology of performing Compliance Risk Assessment
Learn hoe Compliance Risk Assessment are performed by organizations using the Compliance Risk Assessment Template
Case Studies to actually perform the Compliance Risk Assessment
Requirements
No specific previous knowledge is required. Anyone who wants to learn about the Compliance, Risks and Compliance Risk Assessment can join this course.
Description
HelloWelcome to the 'Introduction to Compliance Risk Assessment' Course.BRIEF OVERVIEW OF THE IMPORTANCE OF COMPLIANCE RISK ASSESSMENTIt is one of the big challenges for companies, organizations, institutions, and businesses, to ensure that they comply with applicable laws and regulations. As Laws and Regulations change over time, there is a need for performing regular risks identification, assessments, and mitigation of risks. Performing Compliance Risk Assessment is one of the regulatory requirements and involves a logical and sequential process, which Compliance and Risk Management professionals follow for risk management. Therefore, organizations, institutions, companies, and businesses establish robust Compliance Functions and hire dedicated Compliance Risk Assessment (CRA) teams and professionals. Compliance and Risk Management professionals perform 'compliance risk assessment', to identify new and emerging Compliance Risks derived from different 'applicable/new' Laws, Rules, Regulations, Standards, etc. to be covered in the overall Compliance Risk Assessment. Today, Compliance Risk Assessment (CRA) is considered one of the mandatory parts of overall Compliance Management, in any organization, company, institution, or business. Regulated institutions, such as Digital Payment Companies, E-Commerce Companies, Gateways, Banks, Insurance, Investments, Technology Companies, Manufacturing and Service sector companies, and businesses all regularly perform CRAs and report the CRA results to the Board of Directors and Management. Organizations that do not develop, and perform Compliance Risk Assessment (CRA), are prone to the risk of non-compliance, which may lead to fines, and penalties that will lead to financial and reputational losses. ABOUT COURSEThis course will give you a comprehensive knowledge of Compliance, Key Regulations and Their Requirements, Various Risks, Compliance Risks, Sources of Compliance Risks, Compliance Risk Assessment, and Methodology/process organizations/institutions use to identify and manage their compliance risks, including significant/high-level compliance risks. You will also learn how organizations, institutions, and companies document, analyze, prioritize, and mitigate/manage regulatory compliance risks, as part of overall risk management activity.TOPICS COVEREDYour learning journey will provide you with knowledge and understanding of important concepts, including: Fundamentals of Compliance, Compliance Culture, Compliance Risk, and related conceptsDifferent Key Risks Being Faced by Organizations?Key Compliance Areas and related Requirements that Compliance professionals and Risk Assessment teams should know for compliance and risk assessment purposes, including Cybersecurity, Data Privacy, Environmental, Social and Governance ESG, Artificial Intelligence AI Use, Health and Safety, Anti Financial Crime Compliance, etc. Sources of Compliance Risks with Examples to Perform CRAOverview of "Data Protection" and "Anti-Money Laundering AML" Compliance Requirements applicable in different countries such as the United States, Europe, China, Singapore, Australia, etc.Consequences of Non-CompliancesCompliance Risk Assessment (CRA) Process and its Key Steps Process of Compliance Risks Extraction Case Scenario: Steps Involved in Using Internal Policy: Source of Compliance Risk, for Risk Identification Extraction of Compliance Requirement for Risk Statement Creation and Drafting 'Risk Statements'Checking the Operating Effectiveness of Control and Mapping with Risk StatementUsing a CRA Template to perform CRA Process of drafting "Compliance Risk Statements" from SourcesInherent and Residual Risk Assessments Process and Examples Controls Mapping Process CRA templateAssigning, Analysing, and Assessing Risk ScoresCASE STUDIES: 3 Practical Case Studies to discuss how 'Compliance Risk Assessments' are performed in different Scenarios and Processes.BONUS LECTURE - CASE STUDYYou will learn, How a Compliance Officer Performs Compliance Risk Assessment, in an E-Commerce Company utilizing Artificial Intelligence AI Pricing and Product Models, How a Compliance Officer develops a formal Compliance Risk Register for Compliance Risk Assessment, How Inherent and Residual Risk ratings are assigned for Top Risks, etc.MULTIPLE CHOICE QUESTIONSMultiple Choice Questions - MCQs to test your knowledge of concepts that you will gain in this course.HOME ASSIGNMENTYou will learn how a Compliance Risks and Controls Matrix is developed. You have to develop a Compliance Risks and Mitigation Control Matrix including Identification of Risks, Documentation of 'Compliance Risks Statements', 'Assigning risk Ratings', and documenting 'Mitigation Controls', for Compliance Processes given in the assignment. You can download the 'Compliance Risks and Mitigation Control Matrix' Template. DOWNLOADABLE RESOURCESDownloadable Course Script, Downloadable Prototype of CRA Template, Downloadable 'Compliance Risks and Mitigation Control Matrix' Template.Other BenefitsLifetime access to the course Certificate of completion of course etc.Who Is This Course For?If you are working in any of the following capacities or a student learning Compliance and Risk Management, specifically the Compliance Risk Assessment, then this course is for you; Chief Compliance Officers (CCOs), GRC Head, GRC Analyst and Managers,Compliance Analysts, Compliance Risk Management Professionals,AML Analysts, MLROs, DMLROs, Risk Management Heads, Risk Professionals, Risk Analysts, Risk Reviewers,Risk and Compliance Consultants,Internal Auditors, and Internal Controls Specialists,Cyber Security Risk Analysts,ACAMS, Risk Management and Compliance StudentsAnyone who wants to learn about Compliance Risk Assessment is welcome to this course. Thank youHappy learning.
Compliance Professionals, Compliance Heads, AML Head, AML Analysts, Compliance Analysts, Anti-Financial Crime Specialists and Compliance Students such as ACAMS,Risk Management Professionals, Risk Analysts, Compliance Risk Management Professionals, and Risk Management Students,Internal Auditors, Internal Controls Analysts and students,IT or Cybersecurity Professionals and Students,Money Laundering Reporting Officers (MLROs), Deputy Money Laundering Reporting officers (DMLROs),Departmental heads working in different departments or functions in an organizations or companies

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