NGO Governance, Risk Management, and Compliance

Introduction

This comprehensive training program is meticulously crafted to address the specific needs of Non-Governmental Organizations (NGOs), equipping participants with the knowledge and skills required to implement and enhance integrated Governance, Risk Management, and Compliance (GRC) activities within the NGO sector. By delving into practical applications and tools, this course empowers NGO professionals to navigate the complexities of organizational governance, mitigate risks, and establish robust compliance frameworks.

Duration

5 days

Course Objectives

By the end of this course, participants will:

• Understand the principles of NGO governance, risk management, and compliance.
• Navigate the regulatory environment specific to NGOs.
• Recognize the importance of governance in effective regulatory compliance and risk management.
• Identify high-risk areas and compliance considerations unique to the NGO sector.
• Apply a risk-based approach tailored to NGO operations.
• Define the role of the compliance officer and their team within an NGO.
• Develop and implement a strategic GRC plan for NGOs.
• Enhance organizational culture with a focus on performance, risk, and compliance.
• Implement effective and efficient governance, risk management, and compliance processes.
• Utilize a risk-based audit approach specific to NGO activities.

Module 1: Compliance & Regulatory Environment

• Introduction to NGO Governance, Risk, and Compliance (GRC)
• Overview of the Regulatory Environment for NGOs
• Objectives of Financial Services Regulation for NGOs
• Key Regulations Impacting NGOs
• Compliance Environment in the NGO Sector
• Compliance Risk Assessments for NGOs

Module 2: Risk

• Main Types of Risks for NGOs
• Characteristics of Key Risk Classes
• Fundamental Concepts of Risk Classes in the NGO Sector
• Risk Management Approach for NGOs
• Internal Controls and Risk Mitigation
• Risk Assessment Strategies for NGOs

Module 3: Financial Crimes

• Money Laundering Laws for NGOs
• Fraud Prevention in NGOs
• Addressing Bribery, Corruption, Market Abuse, and Insider Dealing
• Risk-Based Approach to Money Laundering/Terrorist Financing
• Identifying and Reporting High-Risk Indicators
• Handling Suspicious Activity Reports (SARs) in NGOs
• Sanctions Compliance for NGOs

Module 4: Governance

• National & International Corporate Governance Environment for NGOs
• Understanding the External/Internal Context of NGO Organizations
• Stakeholder Engagement in NGOs
• Responsibilities of NGO Board of Directors
• Audit Committee Functions in NGOs
• Corporate Social Responsibility in the NGO Sector
• Public Disclosure, Supervisors, and Transparency Best Practices

Module 5: Governance, Risk Management, and Compliance

• Concepts of the 'Governance,' 'Risk,' and 'Compliance' (GRC) Model for NGOs
• Principles of NGO Governance, Risk, and Compliance
• Roles and Responsibilities in NGO GRC
• Integrated Approaches and Key Enablers for NGO GRC
• Role and Responsibilities of NGO Boards and Committees
• Selective Best Practices for Building an Effective NGO GRC Model

Tailor-Made Training