Governance & Risk Academy

Approach your role with confidence

Our Governance and Risk Academy helps you navigate your strategic goals in an environment of evolving risks and constant regulatory change. From Anti-Money Laundering frameworks to Enterprise Risk Management, our industry experience in identifying, understanding and managing risk day-to-day is integrated into our programmes, helping you balance risks and opportunities.

Our programmes

Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) for HR
Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) for Legal teams
Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) Fundamentals
Approaches to handling tax balancing calculations in managing global mobility costs
Business Travellers: Ensuring compliance and achieving cost savings
Connecting the dots on Immigration and Tax Compliance
Corporate Governance Principles and Good Practices
Cybersecurity Awareness session for Board and Senior Management
Cybersecurity Series: #1 Cybersecurity Awareness
Cybersecurity Series: #2 Data Privacy
Cybersecurity Series: #3 Cyber Risk Management
Cybersecurity Series: #4 Cyber Learning Path and Evaluation for your in-organisation professionals
Directors' Duties and Responsibilities
Global Reporting Initiative (GRI) Training
Intro to Data Privacy
Intro to Enterprise Risk Management
Introduction to Corporate Liability in Bribery and Corruption
Risk Management Concepts and Principles

Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) for HR

Introduction eLearn to Anti Money Laundering and Countering Financing of Terrorism customised for HR practitioners in a Bank.

Objectives

Gives the HR Dept an overview of AML/CFT. Fundamental knowledge of what is AML/CFT, what to look out for in terms of Red Flags, AML/CFT Controls and Sanctions Fundamentals.

Outcome

Overview and awareness of AML/CFT for HR practitioners.

Agenda/topics covered?

AML/CFT Fundamentals
What is Money Laundering, Terrorism Financing and Sanctions
Examples of Red Flags that HR Practitioners should look out for that indicate heightened risk of Money Laundering, Terrorism Financing and Sanctions Violation with regards to HR operations

Duration: 0.5 days

Delivery mode: Classroom/Virtual

Target audience

HR Practitioners

Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) for Legal teams

Introduction eLearn to Anti Money Laundering and Countering Financing of Terrorism customised for legal team in a Bank.

Objectives

Gives the Legal Dept an overview of AML/CFT. Fundamental knowledge of what is AML/CFT, what to look out for in terms of Red Flags, AML/CFT Controls and Sanctions Fundamentals.

Outcome

Overview and awareness of AML/CFT for Legal practitioners.

Agenda/topics covered?

AML/CFT Fundamentals
What is Money Laundering, Terrorism Financing and Sanctions
Examples of Red Flags that Legal Practitioners should look out for that indicate heightened risk of Money Laundering, Terrorism Financing and Sanctions Violation with regards to day to day work of a legal practitioner

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Legal Practitioners

Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) Fundamentals

Introduction eLearn to Anti Money Laundering and Countering Financing of Terrorism. Applicable for the general audience (all employees) that is tailored for Banks/Financial Institutions.

Objectives

Give employees an overview of AMLCFT for a Bank/Financial Institution. Fundamental knowledge of what is AML/CFT, what to look out for in terms of Red Flags, AML/CFT Controls and Sanctions Fundamentals.

Outcome

Overview and awareness of AML/CFT for employees of Banks / Financial Institutions.

Agenda/topics covered?

AML/CFT Fundamentals
What is Money Laundering, Terrorism Financing and Sanctions
Examples of Red Flags that indicate heightened risk of Money Laundering, Terrorism Financing and Sanctions Violation in a customers' profile or transaction
General understanding of the Key AML/CFT Controls operated in a Bank / Financial Institution and how they mititgate ML/TF risks
Introduction to Sanctions and its grave consequences when Banks / Financial Institutions get them wrong
An Overview of Money Laundering, Terrorism Financing and Sanctions Violations from a global perspective as well as in the local Malaysian context

Duration: 0.5 days

Delivery mode: Classroom/Virtual

Target audience

All employees of a Bank / Financial Institution

Approaches to handling tax balancing calculations in managing global mobility costs

The decision to accept an international assignment by an employee should not be primarily driven by the tax regime of that particular jurisdiction. Hence, a tax balancing policy aims to remove the tax factor from the decision making process and ensures that the employee is not at a disadvantage, tax-wise, when accepting the assignment. Additionally, it also promotes fairness amongst assignees, reduces compliance risks and provides greater flexibility for employers to deploy their employees to any location around the world, whilst managing the overall assignment costs.

Objectives

This course aims to enhance the organisation's understanding of tax balancing policies and calculations when managing the overall costs of an international assignment.

Agenda/topics covered?

Goals and Objectives of Tax Balancing
Approaches and basis
Tax Equalisation vs Tax Protection
Accounting For Tax
Process and Reconciliation

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Human Resource / Global Mobility/ Tax Managers and Executives
Business Unit leads
Decision makers in the area of immigration, tax and global mobility

Business Travellers: Ensuring compliance and achieving cost savings

As organisations continue to look at new markets and growth opportunities, Business Travellers will increase with this. Traditionally, global mobility programmes have ignored business travellers (or short term business visitors, STBTs). However, things are changing, and more mobility teams are now responsible for taking action.

Objectives

This course aims to address some of the key global mobility challenges surrounding Business Travellers.

Agenda/topics covered?

Who are Business Travellers?
Why do they matter?
Who are the stakeholders?
What are the immigration and tax risks / challenges?
Short-Term exemption in Malaysia
Employer and employee tax reporting obligation

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Human Resource / Global Mobility Managers and Executives
Finance Managers / Executives
Business Unit leads
Decision makers in the area of immigration, tax and global mobility

Connecting the dots on Immigration and Tax Compliance

An overseas assignment could easily turn into a nightmare if employers aren’t able to navigate the complexities of immigration and tax laws when employees work abroad. In this session, we will cover the importance of connecting the dots between immigration and the employer's tax obligations by effectively managing the entry and exit points when hiring expatriate employees and business travellers.

Objectives

This course aims to address some of the key global mobility challenges surrounding immigration and tax compliance.

Agenda/topics covered?

Increase awareness on intersecting immigration and individual tax issues.
Common challenges and pitfalls faced by HR, Finance and Business Units.
Recent immigration related developments.
Key takeaways in managing immigration and tax compliance risks.

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Human Resource / Global Mobility Managers and Executives;
Finance Managers / Executives,
Business Unit leads,
Decision makers in the area of immigration, tax and global mobility

Corporate Governance Principles and Good Practices

This session seeks to share corporate governance principle and trends, including local and international corporate governance practices.

Objectives

to enhance the understanding of corporate governance principles and practices
to share lessons learnt from common corporate governance issues and challenges

Outcome

Better understanding of good corporate governance practices.

Agenda/topics covered?

Overview of good corporate governance principles and practices
Local and global corporate governance trends
Common corporate governance issues and challenges

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Board members
Company Secretaries

Prof. associations recognising PwC CPE points

Malaysian Institute of Accountants (MIA)
Malaysian Institute of Certified Public Accountants (MICPA)
Association of Chartered Certified Accountants (ACCA)

Cybersecurity Awareness session for Board and Senior Management

As high profile cyber attacks become more common, executive management teams and boards are deeply concerned:

Is the business resilient to a cyber attack?
Are there gaps in our cybersecurity capabilities?
Which threats should we be most concerned about?
How much risk are we willing to take?
Could a cyber incident impact our business?
Are we spending in the right areas?

This session will help to address those concerns, and provide practical insights with an industry specific approach on how cyber risks can be managed more effectively.

Objectives

Establish the cybersecurity first mindset.
Understand the importance of cybersecurity maturity journey and why it is a priority to manage cyber threats for Board and Senior management.

Agenda/topics covered?

Cybersecurity Landscape
- Cybersecurity incidents in the news
- Key trends & top threats

Cyber Resilience
- Cyber risk governance
- Cyber risk management

Cyber Risk Oversight-Board Perspective
- Cyber risk is no longer just an IT risk
- Practical approach board can take in managing cyber risk
- What matured organisation do to stay cyber resilient

Game of Threats™
- a digital game that simulates the speed and complexity of a real world cyber breach

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Board and Senior Management

Cybersecurity Series: #1 Cybersecurity Awareness

This workshop will provide insights into what effective cybersecurity management looks like with our in-depth view of current cybersecurity trends and how we can measure our readiness to counter cyber attacks using NIST Cyber Security Framework.

Objectives

Establish the cybersecurity first mindset - Understand the importance of cybersecurity maturity journey and why it’s a priority in managing cyber threats.

Outcome

Security awareness.

Agenda/topics covered?

Cyber Security Definition
Why is Cyber Security Important?
Introduction to CIA triad (Confidentiality, Integrity and Availability of data, objects and resources)
Frequently used Security Frameworks. (NIST , ISO, COBIT etc)
Introduction to NIST Cyber Security Framework
BNM RMIT guidelines and NIST Cyber Security Framework (CSF)
(Additional time and cost) Hands on Exercise Leveraging NIST CSF to measure maturity and uplifting security posture.

Duration: 4 hours

Delivery mode: Classroom/Virtual

Target audience

Cybersecurity professionals

Cybersecurity Series: #2 Data Privacy

Learners will learn the effective ways to manage evolding global data privacy risk to ensure organisations have a holistic view of their data assets, understanding their value for the business, and the privacy risk surrounding their business data.

Objectives

Visibility on privacy risks – Provides visibility to audience so that the extent of privacy risks is fully dimensioned and appropriate discussion on building the controls is possible.

Outcome

Privacy awareness - setting out high level recommendation of data privacy key topics.

Agenda/topics covered?

Data Privacy Definition
Difference between Data protection and Data privacy
Data privacy considerations in corporate environments
Industry best practices / controls to maintain strong data privacy posture
Concept Data anonymisation / masking / randomisation techniques
Steps I can take to protect myself as an individual
(Additional time and cost) Hand on Exercise – Leveraging industry best practices to measure maturity uplift data privacy capability

Duration: 4 hours

Delivery mode: Classroom/Virtual

Target audience

Cybersecurity professionals

Cybersecurity Series: #3 Cyber Risk Management

The need for a thorough approach to addressing cybersecurity risk is important to embrace regulatory requirements and digital disruption. The aim of this training is to set the foundation of cyber risk management by identifying and prioritising your high risk cybersecurity threats.

Objectives

Actionable cyber risk management discussion – identify strength, weakness and potential opportunities in your current risk management practise.

Outcome

Cyber risk management report – sample report highlighting the findings in the cyber risk assessment exercise.

Demonstrate cyber hygiene– risk aware security professionals are able to demonstrate the cyber risk management in operations and adoption of new emerging technologies.

Agenda/topics covered?

Cyber Risk Definition
Why perform a Cyber Risk assessment?
Cyber Risk Strategy
Cyber Risk Principles
Using Threat, Vulnerability and impact metrics for risk assessment.
Cyber Risk Methodology
( Additional time and cost ) Hand on Exercise Performing cyber risk assessment based on our cyber risk management methodology

Duration: 4 hours

Delivery mode: Classroom/Virtual

Target audience

Cybersecurity professionals

Cybersecurity Series: #4 Cyber Learning Path and Evaluation for your in-organisation professionals

This session provides an overview of the cybersecurity learning paths and tells you what to look out for in cybersecurity mindset and culture.

Objectives

Guide audiences on career options in Infosec Domain along with relevant certifications available for specialised skillsets.

Outcome

General Awareness about career options and related industry certifications

Agenda/topics covered?

Learn the importance of security culture and mindset
Learn cybersecurity professional learning map and skillset maturity path
Learn vendor agnostic industry certifications.

Duration: 4 hours

Delivery mode: Classroom/Virtual

Target audience

Cybersecurity professionals

Directors' Duties and Responsibilities

Explain the role of the Board and its respective components.
Understand the duties and liabilities of being a director.
Know what it takes to be an effective director.
Understand the fiduciary duties of being a director under the Companies Act 2016.

Objectives

To enhance the undersanding on the provision in relation to Directors' obligation under the Companies Act 2016.
To minimise/avoid the likelihood of non-compliances.
To stay focused on managing business and affairs of a company while ensuring compliance with the rules.

Outcome

Better understanding of the duties and responsilities of being a director under the Malaysia Companies Act 2016

Agenda/topics covered?

Overview of Companies Act 2016 ("the Act")'s provisions on Directors.
Overview of the Act's provisions on Directors' Duties and Responsibilities.
Functions and proceeding of Board of Directors.
Business Judgement Rule/Reliance on information provided by others.
Responsibility for actions of delegatee/nominee director.
General Duty to make disclosure.
What is Solvency Statement?
What are the consequences of non-compliances?

Duration: 45 mins

Delivery mode: Classroom/Virtual

Target audience

Company Directors
Key Officers
Executive Directors
Non-Executive Directors
Nominee Directors

Global Reporting Initiative (GRI) Training

Certified GRI Standards Training Course.

Objectives

Identify and understand the main features of the GRI Standards.
Recognise the tasks and decisions to be made during the reporting process to prepare a GRI Standards-based report focused on material topics.
Identify the content expected to be found in GRI Standards-based reports.

Outcome

Prepare participants to understand and coordinate the GRI sustainability reporting process using GRI Standards.

Agenda/topics covered?

Introduction and background
Overview of the GRI Standards
GRI Standards 101, 102, 103
Start your reporting process with the GRI Standards
Additional resources

Duration: Customised

Delivery mode: Classroom/Virtual

Target audience

Sustainability professionals
Corporate communications practitioners
Investor relations practitioners
Sustainability report authors and contributors

Intro to Data Privacy

Introduction to Data Privacy laws (Personal Data Protection Act, PDPA).

Objectives

Provide awareness and introduction to PDPA.

Outcome

General awareness of PDPA and what its means and its consequencies.

Agenda/topics covered?

Personal Data Protection Act (PDPA)

Duration: Customised

Delivery mode: Classroom/Virtual

Target audience

Any member of the Malaysian public

Intro to Enterprise Risk Management

Introduction to Risk Management.

Objectives

Provide awareness and introduction to Enterprise Risk Management.

Outcome

General understanding of a risk management system in any organisation. Covering risk identifcation, assessment, response, control activities, information & communication and monitoring.

Agenda/topics covered?

Enterprise Risk Management
Overview on how corporates manage risk

Duration: 2 hours

Delivery mode: Classroom/Virtual

Target audience

Employees of a commercial organisation in Malaysia

Risk Management Concepts and Principles

This session covers risk management essentials, insights on effective risk management in practice, and benefits and challenges in managing risk.

Objectives

To provide an introduction to risk management principles and objectives.

Outcome

General knowledge on key risk management principles and objectives.

Agenda/topics covered?

Risk management principles
Risk management process
Roles and responsibilities
Risk culture

Duration: 1 day

Delivery mode: Classroom/Virtual

Target audience

Board members
C-suites

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Finance & Operations Academy

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Leadership & Human Skills Academy

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Tax Academy

Deep dive into tax implications and planning for your organisation

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Contact us

Shoba Ananthanarayan

Governance and Risk Academy Lead, PwC Malaysia

Tel: +60 12 307 7897

Our programmes

Anti-Money Laundering & Countering Financing of Terrorism (AML/CFT) for HR

Objectives

Outcome

Agenda/topics covered?

Other PwC Academy

Digital Academy

Finance & Operations Academy

Leadership & Human Skills Academy

Tax Academy

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