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.

Course Modules

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