Risk & compliance consultancy offers training across three Nigerian cities

25 May 2018 Consultancy.africa 2 min. read

Infotech Risks Security Limited – a Lagos-based SAP partner and consulting firm – has partnered with the Open Compliance and Ethics Group to offer training in the governance, risk management, and compliance domains to professionals working in Nigerian organisations.

As financial activity in Nigeria becomes increasingly digitalised, Infotech Risks Security Limited (IRSL) has launched an initiative to help prepare the professional environment in the continent's biggest economy for the plethora of risks and regulatory compliance frameworks that accompany a digital workspace.

Based in Lagos, IRSL is an SAP Services Partner, which leverages the enterprise resource planning system to offer consulting services in the governance, risk, and compliance (GRC) domains. Within the sphere of SAP, the firm offers GRC implementation security role design and implementation, staff augmentation, and SAP audit services.

The new initiative launched by IRSL is primarily a skills training programme that is targeted at Nigerian professionals, particularly those with GRC-related roles in an organisation. The training programmes are set across three cities – Lagos, Port Harcourt, and Abuja – and tackles three lines of defence for an organisation.

Risk and compliance consultancy offers training programme across three Nigerian cities

The first line is the immediate response mechanisms, which entails the capacity of an organisation to detect anomalies in real time and report them to the concerned party at the earliest. Training for this line of defense will be targeted at the operations team of an organisation, and will involve the familiarisation with automated tracking devices that will increase efficiency manifold.

The second line of defence revolves around the management team, specifically its ability to analyse the detected anomalies and identify the primary threat. As a result of the programme, the management would now be in a position to adapt to shifting threats and regulations, thereby saving the organisation a substantial level of expenditure,

The third line lies in post-threat analysis, including reviews, assurance skills, and control assurance at a lower fraction of the time otherwise. Training at the third line also cuts cost, primarily on internal audits and the expenditure on tightening internal deficiencies.

Commenting on the launch, Adekoya Oluwasen said, “Forward-looking organisations must adopt a GRC capability model that integrates the various sub-disciplines of governance, risk, audit, compliance, ethics/culture, and Information Technology into a unified framework. The training programme is being administered in partnership with the Open Compliance and Ethics Group – a global non-profit focused on promoting GRC capabilities across the world."