Introduction to Compliance and Risk Management

Compliance is a crucial issue for any business, whether large or small. One of the monumental tasks in today's corporate world is to comply with ever-changing and complex regulations that require daily attention to keep a business fully compliant and avoid liability and penalties. The industry experts at XpertLearning designed this course to teach you risk management strategies. XpertLearning focuses their business philosophy on human capital and professional development. We begin with the fundamentals of compliance and risk management. We define each of these terms while emphasising their importance. The course explains how compliance departments keep their companies on the right side of the law. The larger a business gets, the greater the likelihood of noncompliance. This increases system complexity and eventually the probability of a data leak. The course goes through tools used to mitigate new threats and preserve high standards, which include standards and controls, training, communication and oversight. We then discuss the functions of the chief ethics and compliance officer (CECO). We lay out the key risk indicators and show you how to implement a risk management framework. It should be highlighted that risk management is not a one-time thing but rather a continuing evolving activity that aims to establish an ethics and compliance workplace culture that represents the goals, vision and core values of your organisation. This course suits managers, small business owners and aspiring compliance officers who can use these risk management techniques to avoid legal liability and preserve the integrity and quality of their company’s work.