Education / Course Details
You’re a Control Owner: Now What?
Master the essentials of control ownership — understand your responsibilities, strengthen organisational controls, and drive effective risk management.
About this course
Control ownership might be assigned with limited guidance on what that role means. This course, aimed specifically at control owners, covers everything you need to know about being a control owner. From the basics of what controls are, the activities that need to be performed, and demonstrating how controls act as enablers. We also cover how control owners need to interact with and communicate with others as they carry out these activities.
Course specifics
Audience: This course is designed for control owners and professionals newly assigned to control ownership responsibilities, as well as risk, compliance, and assurance practitioners seeking to deepen their understanding of how controls operate within the risk management framework.
Cost: $99.00 (members), $120.00 (non-members)
Facilitator: The Protecht Group
Format: On-Demand
Time: 15 minutes of video content
CPD Points: 1
Course Facilitator:
The Protecht Group
Course details
Key topics covered:
1. Why Do We Need Controls and Control Owners?
Controls as enablers
Accountability for ongoing control performance
2. Defining Controls and Roles
Components of risk
Definition of control
Visualizing controls effect on risk
Main types of controls
Roles related to controls
Risk owner
Control owner
Control operator
Control tester
How the roles interact and communicate with each other
3. Managing Controls
Capturing control characteristics
Importance of articulating control objectives
Assessing control effectiveness
Assessing control value
Addressing control weaknesses
4. Controls Cadence
Periodic controls management
Dynamic controls management
Learning outcomes:
Understand the role and value of control ownership — identify what controls are, how they enable effective risk management, and the responsibilities and expectations of a control owner.
Manage and communicate control performance effectively — assess control effectiveness, address weaknesses, and collaborate with key stakeholders to maintain robust control practices.