Root Cause Analysis (RCA) for Internal Auditors Training Course

This instructor-led, live training in the UAE (online or onsite) is aimed at intermediate-level to advanced-level finance and asset management professionals who wish to optimize asset tracking, control, and compliance with international financial reporting standards (IFRS).

By the end of this training, participants will be able to:

• Classify and configure fixed assets according to IFRS regulations.
• Manage asset creation, acquisition, and capitalization.
• Implement control measures for asset tracking and monitoring.
• Apply appropriate depreciation and amortization methods.
• Process asset movements, transfers, and disposals effectively.
• Ensure compliance with financial reporting and audit standards.

This instructor-led, live training in the UAE (online or onsite) is aimed at intermediate-level finance and accounting professionals who wish to effectively manage, value, and audit fixed assets in compliance with accounting standards and regulations.

By the end of this training, participants will be able to:

• Understand the life cycle and classification of fixed assets.
• Apply local and international accounting standards in asset valuation and depreciation.
• Manage fixed assets with proper controls, tools, and procedures.
• Comply with legal and tax frameworks relevant to asset management and reporting.

Course Objective:

To provide individuals with a fundamental grasp of GRC processes and capabilities, along with the skills necessary to integrate governance, performance management, risk management, internal controls, and compliance activities.

Summary:

• GRC foundational terms and definitions
• Key principles of GRC
• Main components, practices, and activities
• The connection between GRC and other fields

Overview

Globally, regulatory bodies are increasingly tying the level of risk taken by a bank to the capital it must hold. Banks and financial services are adopting more risk-based management practices as a result. The complexity of banking products, regulations, and global markets is growing, presenting significant challenges for effective risk management. A critical lesson from recent banking crises is that risks are interconnected, and banks need to comprehend these interdependencies to manage them efficiently.

Key features include:

• An explanation of current risk-based regulatory frameworks
• A thorough examination of the primary risks faced by banks
• Best practices for adopting an enterprise-wide approach to integrating risk management throughout the organization
• The use of governance techniques to foster a company-wide culture that ensures all employees actively participate in managing risks aligned with the bank's strategic goals
• Potential challenges that risk managers may encounter in the future.

This course will extensively utilize case studies designed to explore, analyze, and reinforce the concepts discussed over five days. Historical incidents at banks will be used throughout the course to illustrate how they failed to manage risks effectively and what actions could have prevented losses.

Objectives

The objective of this course is to assist bank management in developing a well-integrated strategy for managing complex and evolving risks and regulations within today’s international banking environment. Specifically, the course aims to provide senior-level management with an understanding of:

• The major risks in the financial industry and key international risk regulations
• How to manage a bank's assets and liabilities while maximizing returns
• The interplay between different types of risk and how banks use an integrated approach for their management
• Corporate governance and best practices for managing diverse stakeholder interests
• Developing a culture of risk governance as a tool to minimize unnecessary risk-taking.

Who Should Attend This Seminar

This course is designed for individuals new to integrated risk management, senior management responsible for strategic risk management, or those looking to deepen their understanding of enterprise risk management. It will be beneficial to:

• Board-level bank management
• Senior managers
• Senior risk managers and analysts
• Senior directors and risk managers responsible for strategic risk management
• Internal auditors
• Regulatory and compliance personnel
• Treasury professionals
• Asset and liability managers and analysts
• Regulators and supervisory professionals
• Suppliers and consultants to banks and the risk management industry
• Corporate governance and risk governance managers.

This course is designed for Project Managers and individuals with an interest in Project Risk Management.

This instructor-led, live training in the UAE (online or onsite) is aimed at intermediate-level professionals who wish to develop a systematic approach to identifying, analyzing, and resolving problems using RCA methodologies.

By the end of this training, participants will be able to:

• Understand essential concepts of RCA and continuous improvement cycles.
• Apply different RCA tools to identify the root cause of problems.
• Develop and implement effective problem-solving strategies.
• Integrate RCA into organizational improvement and prevention efforts.

INTRODUCTION

The convergence of globalization, transformed markets, fierce competition, and new technologies has led organizations to focus more acutely on ensuring that every internal program and project meets its intended goals. Stakeholders now expect the organization to manage both internal and external change effectively through programs that enable it to thrive amidst uncertainty. This unique seminar emphasizes holding departments accountable for results by presenting the principles and practices of Results-Based Management (RBM).

This Results-Based Management training course equips staff and managers with the skills needed to align, develop, and review essential planning and reporting processes critical to the success of any public or private program. The seminar provides an understanding of how different business teams can work together to (a) better manage and measure their respective programs' outcomes; (b) maintain project control; and (c) achieve stated objectives and goals.

This training course will cover:

• The various processes involved in Results-Based Management (RBM)
• The vital role of monitoring in demonstrating program and project performance and steering the implementation process towards desired outcomes
• Developing realistic program objectives and measures to assess project impact
• Crafting a results-based project framework
• Scheduling and reporting for projects and programs
• Monitoring, evaluating, and enhancing program effectiveness

OBJECTIVES

This training course aims to achieve five key objectives. By the end of the session, you will learn how to:

• Implement current best practices in Results-Based Management (RBM)
• Demonstrate the potential for Results-Based Management (RBM)
• Design an RBM approach that involves all stakeholders
• Control RBM projects and measure outcomes
• Enable your teams to apply Results-Based Management (RBM) in their activities

TRAINING METHODOLOGY

This training seminar employs various learning tools, including:

• Case studies on real-life examples of RBM
• Roundtable discussions to review and qualify ongoing or planned projects by group members
• Video references showcasing the skills needed for achieving results
• Presentation media outlining the steps to achieve RBM
• Open discussions on ideas and experiences with participants

ORGANISATIONAL IMPACT

The organization will benefit from this training seminar in several ways:

• Enhance understanding of the principles, norms, standards, processes, and responsibilities governing planning, monitoring, and evaluation
• Overcome resistance to using Results-Based Management
• Develop more efficient methods for controlling costs and outcomes
• Aid staff members in bringing results to the forefront of their ongoing planning and reporting documents regularly
• Address pitfalls that delay or burden projects

PERSONAL IMPACT

The participants of this RBM training seminar will enjoy numerous personal and professional benefits:

• Help staff focus on issues that deliver maximum results in ongoing planning and hard work
• Improve communication skills to secure stakeholder "buy-in" and influence expectations
• Reduce risks associated with long projects that may lead to disappointing outcomes or failure
• Learn the importance of monitoring and evaluation techniques for achieving successful results
• Overcome stakeholder resistance by providing solid evidence to secure funding

WHO SHOULD ATTEND?

The NobleProg course "Result-Based Management" is designed for experienced managers from various specializations within your organization who are responsible for the successful execution of programs and projects. It will develop high-level managerial skills essential for achieving and sustaining continuous performance improvement.

This training course will particularly benefit:

• Strategic and Operational Planning Specialists
• Supply Chain and Logistics Team Members
• Financial Managers
• Marketing and Business Development Staff
• Human Resource Managers

Course Objectives:

• This will be a one-day course and after the activity the trainees/participants will be able to:
  1. Define what is a risk, its origin and impact on the business as manifested by their increase awareness on the topic.
  2. Cite different instances that will be helpful for the organization to limit and, ideally eliminate risk.
  3. Perform proper forecasting of risk and challenges in a proactive manner.
  4. Discover numerous techniques to identify, mitigate and limit risk.
  5. Collaborate with internal channels to strengthen risk management for the organization as a whole.