Bank Internal Audit School
Understanding Banking, the Associated Risks and How to Control Them
Course Description
The financial services industry represents a challenge to internal auditors - there is the language to understand and the complexity of the products to deal with. This course is specifically designed to provide internal auditors with the key skills that they require prior to commencing internal auditing assignments within financial service institutions. Looking at the various different components of the banking industry, the course considers the internal audit approaches that would be appropriate in each case and assists delegates to design suitable internal audit programmes.
Within this 5-day intensive course the delegates will address each of the key areas of banking including retail banking, corporate banking, trade finance, e-banking and derivative activities.
Learning Objectives
By the end of this course delegates will appreciate all of the different areas within a firm, the nature of the audit approach to be adopted and the areas where problems tend to arise in practice.
- The key elements of modern banking
- Understanding derivatives, hedging and risk
- The impact of payment systems on banking
- The audit of credit and market risk
- The differences between retail and corporate
- banking audits
- Auditing the dealing room
- Auditing transmissions and clearing services
- Understand and audit trade finance and private banking
Methodology
A combination of classroom style presentations mixed with interactive case studies. Internal audit techniques will be considered at each stage of the course.
Who Should Attend
Internal audit staff, External audit staff
Knowledge Pre-requisites
Some knowledge of basic audit techniques and also of the financial market would be an advantage.
