Risk Management, Control Systems, and Assurance Frameworks
£850.00
Training Overview
This 4-day advanced training programme equips participants with a deep understanding of financial and operational risk management, the design of internal control systems, and the implementation of assurance frameworks. It focuses on compliance, regulatory oversight, technology-enabled controls, and ethical governance, providing a holistic view of how OAE and its clients can maintain accountability and resilience through structured assurance practices.
Note (General Daily Guide):
Each training day runs from 8:30 am to 3:46 pm, with four structured sessions — Morning, Midday, Afternoon, and Closing — covering foundational, intermediate, advanced, and practical learning.
Day 1: Foundations of Risk Management and Governance
Session 1: Understanding Risk Management Principles
Defining risk, uncertainty, and exposure
Categories of risk: financial, operational, strategic, and compliance
The relationship between governance, ethics, and accountability
Session 2: Risk Identification and Assessment
Techniques for identifying internal and external risks
Qualitative and quantitative risk assessment methods
Risk matrices and heat mapping
Session 3: Regulatory and Ethical Frameworks
Overview of regulatory requirements (FCA, GDPR, AMLD, etc.)
Governance standards and board oversight
Ethical responsibility in risk management
Session 4: Practical Workshop — Risk Mapping Exercise
Developing a risk register for a sample organisation
Group review and prioritisation of risks
Reflection on governance structures and escalation processes
Day 2: Internal Control Systems and Compliance Structures
Session 1: Design and Implementation of Control Systems
Objectives of internal control
COSO and ISO frameworks overview
Segregation of duties and authorisation protocols
Session 2: Financial Controls and Fraud Prevention
Reconciliation processes and audit trails
Detection and prevention of accounting fraud
Payroll and expense control examples
Session 3: Compliance and Assurance Integration
Embedding compliance controls into daily operations
Continuous monitoring through automated systems
Linking internal controls to assurance and audit outcomes
Session 4: Practical Simulation — Internal Control Review
Performing a walkthrough of a control process
Identifying gaps and corrective measures
Developing a control testing checklist
Day 3: Assurance, Auditing, and Continuous Monitoring
Session 1: Understanding Assurance Frameworks
Definition and types of assurance (limited, reasonable, internal)
External vs internal assurance roles
Relationship between management, auditors, and regulators
Session 2: Internal Audit Planning and Execution
Stages of an audit engagement
Sampling techniques and evidence gathering
Reporting findings and management responses
Session 3: Technology in Risk and Assurance
Use of data analytics and RPA for control testing
AI-driven monitoring and anomaly detection
Cyber risk and information security controls
Session 4: Case Study — End-to-End Assurance Review
Developing an internal audit plan
Simulated assurance reporting for executive review
Peer group feedback and control validation
Day 4: Risk Reporting, ESG, and Future Trends
Session 1: Risk and Compliance Reporting
Preparing risk and control reports for stakeholders
Key risk indicators (KRIs) and dashboards
Integration of risk reports into board and management packs
Session 2: ESG and Sustainable Risk Management
Linking environmental and social risk to financial resilience
ESG risk reporting standards and disclosure frameworks
Case examples of ESG-driven assurance practices
Session 3: Technology, Innovation, and the Future of Risk
Blockchain for auditability and traceability
Predictive analytics for proactive risk mitigation
Integration of AI and IoT in enterprise risk management
Session 4: Final Review and Certification
Group exercise: Building a sample risk and assurance framework
Presentation of final projects
Certification ceremony and key learning takeaways