Governance, Risk & Compliance (GRC)

Description

🔍 GRC Training: Detailed Overview

🎯 Purpose of GRC Training

GRC training equips professionals with the knowledge and skills to manage organizational governance, risk management, and compliance requirements effectively. It enables organizations to align IT and business objectives, manage risk holistically, and meet regulatory requirements efficiently.

🧠 Learning Objectives

By the end of GRC training, participants should be able to:

• Understand the foundational concepts of Governance, Risk Management, and Compliance.
• Apply GRC frameworks and tools to real-world scenarios.
• Implement policies and controls to mitigate enterprise risks.
• Align IT governance with organizational goals.
• Monitor and audit compliance against internal and external standards.

📚 Typical Course Modules

1. Introduction to GRC

• What is GRC?
• Importance of GRC in modern enterprises
• Overview of global standards and regulations (ISO 27001, SOX, HIPAA, GDPR, PCI-DSS)

2. Governance

• Defining governance in IT and business contexts
• Corporate governance principles
• Role of boards and senior leadership
• Policy creation and enforcement

3. Risk Management

• Types of risk: operational, IT, compliance, financial, reputational
• Risk assessment and risk appetite
• Risk identification, analysis, mitigation, and monitoring
• Risk management frameworks (ISO 31000, COSO, FAIR, NIST RMF)

4. Compliance

• What is compliance?
• Regulatory requirements (industry-specific: finance, healthcare, IT)
• Building a compliance program
• Internal audits and control testing
• Reporting and documentation best practices

5. GRC Frameworks and Tools

• Integrated GRC platforms (RSA Archer, MetricStream, ServiceNow GRC, etc.)
• Mapping risks and controls to frameworks
• Using GRC tools for automation, tracking, and reporting

6. GRC in IT and Cybersecurity

• IT governance (COBIT, ITIL, NIST CSF)
• Cybersecurity risk management
• Secure development practices and GRC alignment
• Third-party risk management (TPRM)

7. Audit and Assurance

• Internal vs. external audits
• Continuous control monitoring
• Role of audit in the GRC lifecycle

8. Case Studies and Practical Workshops

• Real-life scenarios from finance, healthcare, or manufacturing
• Risk register creation
• Simulated audits
• Incident and breach handling under GRC

🎓 Target Audience

• Risk & Compliance Officers
• IT Managers / Security Officers
• Internal Auditors
• Governance professionals
• Consultants and legal advisors
• Aspiring GRC analysts and coordinators

🛠️ Delivery Formats

• Online self-paced or instructor-led courses
• In-person corporate workshops
• Certification-based programs (e.g., GRCP, ISO 27001 LA, CGEIT, CRISC)