Risk Governance and Controls: An Introduction

This one-day course is designed to provide participants with a condensed yet comprehensive understanding on the topics of governance, internal controls and risk management. The course will equip participants with fundamental knowledge, principles and practical insights to effectively advise on governance practices, evaluate internal controls, and develop & implement robust risk management strategies within their organisations. .

Course Details

Course Dates:
18 July 2024

Closing date: 24 June 2024

1 day, 9AM to 5PM


Who Should Attend

  • The workshop is suitable for executives of all levels, risk managers,  and other professionals who are responsible for advising, managing and reporting on risks within their organization including auditors seeking to better understand governance, control activities and risk exposures within their organisation.

Minimum entry requirements

  • Some exposure to and basic level of understanding of risk management practices or risk governance is ideal but not an absolute must. 
  • Basic understanding of the corporate organisation structures.
  • Being able to converse and understand in English is essential.

Programme Outline

Learning Objectives
  1.  Fundamental Concepts And Principles In Governance, Internal Controls And Risk Management.
  2.  Practical Insights To Analyse And Assess The Robustness Of Internal Controls.
  3.  Tools And Techniques For Detecting Fraud And Suspicious Transactions.
  4.  Practical Skills Necessary For Effective Risk Management.
Course Outline
  • Key principles of Corporate Governance and Risk Governance.
  • Types of risk management strategies.
  • Key steps in identifying, assessing, and managing organisational risk exposures.
  • Monitor and track changes in the risk environment.
  • Key concepts in internal controls. 
  • The different types of internal controls and their function in mitigating risks and ensuring compliance.
  • Evaluate the design, implementation, and effectiveness of internal control systems.
  • Investigative data techniques, processes and tools to detect and uncover fraud and other suspicious transactions.
  • Group discussion/In-class competitions
  • MCQ
  • 1-2 deep dive questions

Course Fees and Funding

Full course fee inclusive of prevailing GST

You pay

SkillsFuture Course Fee subsidy (70%)

  • For Singapore Citizens < 40 years old 
  • For Permanent Residents

You pay

Mid-Career Enhanced Subsidy (90%)

  • For Singapore Citizens ≥ 40 years old

You pay

Enhanced Training Support for SMEs (90%)

  • For SME - Sponsored employees

You pay

The above module fee payable is inclusive of 9% GST. 



Lay Tem Pin
Deputy Director, Enterprise Risk Management
Currently Deputy Director, Enterprise Risk Management, at the Singapore University of Technology and Design, Tem Pin is a highly-skilled risk management professional with extensive industry, consulting and public sector experience and a deep understanding of enterprise risk management with over 20+ years of experience in establishing risk management frameworks in large complex organisations. Her work with large MNCs spans the energy, commodities and the manufacturing sectors with companies listed in the top 10-50 on the SGX, LSE and NSE/BSE as well as stints with the Victoria Government and one of the Big 4 accounting firms.
In many of her roles, Tem Pin provided leadership in the risk management function by overseeing the implementation of enterprise risk management programs to identify, analyse, assess, report and mitigate risks across the organisation. She is often instrumental to the execution of an enterprise-wide approach to promote a company-wide culture of adoption and excellence in the risk function. Her role involves collaborating with the leadership team and developing close working relationships with business lines to ensure effective ownership and compliance. She has conducted numerous training sessions for colleagues at all levels including at the senior management level and the C-suite to enable practical application and to create greater awareness and understanding of the tools, processes and knowledge base.
Very few trainers are able to match the extent of Tem Pin’s professional experience in the field of applied Enterprise Risk Management. She is able to bring practical insights and best practices aligned to ISO31000/COSO to enrich the training experience and to provide participants with a solid foundation in risk governance and management that is fit for purpose. Tem Pin graduated with first class honors in the Bachelor of Commerce with an Honors Degree from the University of Melbourne, Australia.

Policies and Financing Options

SSG Funding Terms and Conditions

Use of Personal Details

In consideration of the subsidy provided by SkillsFuture Singapore Agency (“SSG”) through the SUTD Academy for the Course,

I consent to:

The collection, use and disclosure to relevant third parties of my personal data by the SUTD Academy including but not limited to personal particulars, attendance records, assessment/performance records, for the following purposes:

  1. Reporting of national statistics and conducting of holistic continuing education training research and analysis;

  2. Facilitate the conduct of the relevant surveys and audits in relation to the Course;

  3. General administration of the Course including but not limited to processing of the subsidy provided by SSG;

  4. Publicity and marketing of the Course or other Courses to be provided by SSG or SUTD Academy; and

  5. SSG or its Appointed Auditors or Nominated Representatives to directly contact Course Participant to obtain information deemed necessary for the purposes of conducting effectiveness survey or audits in relation to the Course.

I agree to:

  1. Attend and complete all lectures, class exercises, workshops and assessments;

  2. Complete the Course feedback at the end of the Course;

  3. Complete the post Course survey sent about 3 to 6 months after class attendance; and

  4. Sign up for a personal email account.

SUTD Privacy Statement

For more information on SUTD's privacy statement, please visit https://sutd.edu.sg/Privacy-Statement.

SUTD Terms and Conditions

Methods of Payment

Learn more about the available payment modes.

Cancellation & Refund Policy

  1. If a written notification is sent to sutd_academy@sutd.edu.sg within 24 hours after course registration deadline there will be no cancellation charges. A full refund will be made. 

  2. No refund is provided if written notification is more than 24 hours after course registration deadline. SUTD Academy reserves the rights to collect the full fee amount from the participant.

Replacement Policy

Companies may replace participants who have signed up for the course by giving a 3-working day notice before the course commencement date to sutd_academy@sutd.edu.sg. Terms and conditions apply.

Registration Policy

  1. Course may be cancelled due to insufficient participants. SUTD Academy will not be responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from any course cancellation.

  2. Course enrolment is based on a first-come, first-served basis.

  3. SUTD Academy reserves the right to change or cancel any course or instructor due to unforeseen circumstances. 

Types of Funding

Funding under Mid-Career Enhanced Subsidy ("MCES")

  1. MCES is an enhanced Subsidy to encourage mid-career individuals to upskill and reskill, thereby helping them to remain competitive and resilient in the job market. With this, all Singaporeans aged 40 and above will receive higher subsidies of up to 90% course fee subsidy for SSG-funded certifiable courses.

  2. Individuals/employers are not required to submit an application for the MCES. Those pursuing SSG-funded programmes will be charged the appropriate subsidised fees by SUTD Academy if they are eligible MCES. Individuals/employers will only need to pay the nett fee (full course fee after SSG's grant).

    For more info, please visit SkillsFuture website at https://www.skillsfuture.gov.sg/enhancedsubsidy

Funding under Enhanced Training Support for SMEs ("ETSS")

  1. ETSS is an enhanced funding to enable SMEs to send their employees for training.

  2. SMEs will enjoy subsidies of up to 90% of the course fees when they sponsor their employees for SSG-funded certifiable courses.

  3. In addition to higher course fee funding, SMEs can also claim absentee payroll funding of 80% of basic hourly salary at a higher cap of $7.50 per hour. SMEs may apply for the absentee payroll via the SkillsConnect system.

  4. To qualify, SMEs must meet all of the following criteria:
    - Organisation must be registered or incorporated in Singapore
    - Employment size of not more than 200 or with annual sales turnover of not more than $100 million
    - Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
    - Trainees must be Singapore Citizens or Singapore Permanent Residents

    For more info, please visit SSG website at https://www.ssg.gov.sg/programmes-and-initiatives/funding/enhanced-training-support-for-smes1.html

Funding under Union Training Assistance Programme ("UTAP")

UTAP is a training benefit for NTUC members to defray their cost of training. This benefit is to encourage more union members to go for skills upgrading.

NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme).

For more info, please visit https://e2i.com.sg/individuals/ntuc-education-and-training-fund/.

Funding under Post-Secondary Education Account ("PSEA")

The Post-Secondary Education Account (PSEA) is part of the Post-Secondary Education Scheme to help pay for the post-secondary education of Singaporeans.

This is part of the Government’s efforts to encourage every Singaporean to complete their post-secondary education. It also underscores the Government’s commitment to support families in investing in the future education of their children and to prepare them for the economy of the future. PSEA is not a bank account.

It is administered by the Ministry of Education (MOE) and is opened automatically for all eligible Singaporeans.

Account holders can use their PSEA funds to pay for their own or their siblings’ approved fees and charges for approved programs conducted by approved institutions.

However, you will have to check your eligibility and balance by contacting MOE first.

Contact MOE at (65) 6260 0777

E-mail to MOE at contact@moe.edu.sg

Click here for MOE website.