Boost Your Portfolio With These GRC Certifications

Organisations that want to meet their business objectives face a myriad of challenges due to the complexities of the business environment. That said, there is also an increasing need for organisations to create mechanics that can help ensure they can effectively navigate the wave of these complexities.

GRC (Governance, Risk, and Compliance) is one of the most important elements an organisation needs to put in place to meet the needs of their stakeholders and achieve their strategic objectives. According to the OCEG (Open Compliance and Ethics Group) the term GRC was first referenced as early as 2003.

GRC is viewed as an integrated and well-coordinated collection of all the capabilities required to support principled performance at every organisational level. The capabilities include the following:

Work done by compliance, risk, legal, IT, HR, finance, and internal audit

Work carried out by the executive suite, lines of business, and the board itself

Outsourced work done by external stakeholders and other parties

Principles performance refers to the approach to business and point of view that’s designed to help organisations effectively achieve their objectives while addressing uncertainty and acting with integrity. Those who want to know more about GRC can benefit from getting a GRC certification.

In essence a GRC certification is a course that helps participants develop a better understanding of what is needed to integrate governance, risk management, and compliance in one capability. Another GRC-related certification is the GRC Professional Training (GRCP).

The Course is Ideal For:

• Compliance professionals
• Internal auditors
• Risk management professionals
• Governance professionals
• GRC professionals
• Legal professionals
• IT professionals dealing with GRC
• Executives and board members
• Managers responsible for GRC activities

The GRC Professional Training is the first of its kind in Singapore and it is under license from the Open Compliance & Ethics Group (OCEG). The course is designed to help individuals develop a better understanding of GRC. The three day GRC Professional Training course comprises:

• Hands-on workshop with practical case studies
• Real life examples and exercises while incorporating worldwide best practices
• Project on the design of an integrated GRC capability across your organisation

Course attendees will also get the OCEG GRC Capability Model, tools, and relevant templates. You will also get the GRC software for easy reporting and tracking so you can also set up your own GRC capability. The course will also prepare participants to successfully pass the GRC Professional certification program and become certified as a GRCP.

Benefits of GRC

Some of the notable benefits of GRC include:

• Optimal IT investments
• Improved decision-making
• Elimination of silos
• Lessened fragmentation among departments and divisions

A collection approach is considered the best bet for organisations who are looking to get to grips with the ever-evolving regulatory landscape. When GRC is done properly across the entire organisation, when the right controls and objectives are established, and when the right people get the right information at the right time, we can expect a significant reduction in duplication, costs, and impacted operations.

Other ways the organisation can benefit include agility and confidence, better decision-making, delivery of value, and sustained and reliable performance. It is recommended that GRC is implemented in a holistic manner—one that encompasses the entire organisation.

Paul Petersen