Compliance Management – Product Implementation Course
Course Overview:
Compliance Management (COM) product enables compliance professionals to stay on top of the complex web of regulatory obligations that govern their business and implement measures and processes to sustain compliance.
The product brings together and links regulations, processes, controls, risks, policies, and cases in a central point of reference, so that you have the visibility you need to effectively manage and monitor compliance. This course enables participants to understand, own and manage the application independently after the training.
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Level |
Advanced |
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Content |
3 Hours |
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Practice |
2 Hours |
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Q&A with MSU |
2 Hours |
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Pre-Requisites |
Familiarity with Regulatory Compliance Concepts |
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Certification Awarded* |
MetricStream Certified Compliance Management Product Implementation Associate |
Learning Objectives:
The training is focused on making trainees understand the features, process, workflows, and functionalities of the Compliance Management Product. At the end of the training, practice and certification, trainees will have knowledge on how to implement and perform basic configurations on the COM product which includes knowledge on:
· Product Functionality & Use Case - Workflow Usage
o Create & Manage Compliance Content Library
o Setup Questionnaires
o Create Risk Assessment Plan
o Perform Risk Assessments
o Setup Test/Self-Assessment Plan
o Execute Test Plans
o Setup Certification Plan & Complete Certifications
o Log, manage & Approve Issues
o Setup & Manage Channels
· Product Configuration
o Configuration Workbooks
o Updating Compliance LOVs
o Updating Compliance Data Tables
o Compliance Configuration Parameters
· Product/Use Case Setup, User Management & Basic Administration
o Data upload
o GRC Libraries (Area of Compliance, Process, Risk & Controls)
o Questionnaires
o Provision/Deactivate Users
o Compliance Role Activities & Objects
o Map Users to Compliance Org-Role Pairs
Practice & Facetime with Instructor:
Once you start the course, please reach out to MSU at [email protected] to get a practice instance allocated. Upon completion of course content and sufficient practice, reach out to your MSU instructor for your 2 hr Q&A session to clarify and address any open questions.
Certification (Optional):
To be certified, you need to score a minimum of 75% on both the objective and practical assessment. You are allowed a maximum of 2 attempts to pass the certification tests. Please reach out to the instructor once you are ready for assessment. The maximum duration allowed for appearing for assessment is 2 weeks from the course assignment date.
Course content
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Lesson Training Collateral
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Lesson GRC Libraries
GRC Foundation is a comprehensive set of interlinked libraries that form the underlying GRC framework for all GRC-related activities across the enterprise. It is an add-on component to the base Met...
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Lesson Compliance Testing
Testing or Compliance Testing determines the extent to which the staff follow prescribed policies and procedures in actual practice. It compares procedures as executed against required or expected ...
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Lesson Certifications
The Certifications module helps conduct one-time or periodic certifications and sub-certifications to check if the organization pays particular attention to an area that is perceived as being weak ...
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Lesson GRC Feeds
The GRC Feeds module helps efficiently manage regulatory changes by integrating with industry specific regulatory data feeds from various regulatory bodies.
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Lesson Issues
The Issues module supports the identification and evaluation of issues as well as case investigation and tracking leading to an elaborate remediation or corrective action process.
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Lesson CMP - Product Setup
MetricStream components can be tailored to specific requirements of an organization in different ways. This unit covers the most common requirements and functions performed by an 'Apps Administrato...
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Lesson Colarado Updates - Compliance Management Application
In this video we will look into how Risk Assessments are performed in the Compliance Management application
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Lesson Compliance Product Configuration
This unit covers configuration topics enabling you to populate configuration workbooks, updating LOVs and Data Table on forms and defining workflow parameters.
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Lesson Compliance Product Administration
This unit will enable you to provision, deactivate and map users to various roles in the Compliance app.
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Lesson COM: Use Cases
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Lesson Compliance Management App - Practice (2 Hours)
Please reach out to your trainer for credentials to the practice instance before starting this unit.
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Lesson Assessment & Certification
Thank you for completing the Operational Risk Management (ORM) Course. Kindly reach out to your instructor at [email protected] for access to the following certification assessments: