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CPEs:
24
Instructor:
Dennis Cox
Level:
Intermediate
Tuition:
£3,495.00
Updated Auditing Compliance and Compliance Risk in Banks IA088
Location: UK EU MENA WAT GCC Time Zones
First Date: May 6 - 8 2025
Duration: 3 days
Programme Director: Dennis Cox FCA FCISI FISRM AIIA BFP BSc
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2024 Live, onsite and Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
Need to certify the entire audit team, or just train 1:1? Simply contact us for significant cost savings and dates specific to meet your exact needs.
"Good overall look at bank environment and related risks, and a nice refresher for me having been out of the audit environment for quite a while. I appreciated Dennis' diverse level of experience in audit/compliance/risk."Senior Internal Auditor, USA Bank
Agenda Highlights
Session 1: The Approach to Auditing Compliance
Session 2: What goes wrong in practice
Session 3: Auditing Compliance and Governance
Session 4: Auditing Financial Crime Deterrence
Session 5: Sanctions and Sanctions Risk
Session 6: Auditing Conduct Risk, Bribery and Corruption
Session 7: Auditing Data Regulations
Session 8: Auditing Marketing and Advertising Compliance
Session 9: Auditing Compliance and Human Resources
Session 10: Other Issues
"A very useful course. An excellent lecturer! We should invite this lecturer again in the future."Audit Manager, Bank of New York Mellon, Taiwan
Overview
Compliance is everywhere in banking and fundamental to the way that a bank operates. Regulations arise from different sources and banks need to take an integrated approach to ensure that all matters are appropriately dealt with.
This course enables delegates to have confidence that they are able to audit compliance issues, adding value to their organisation and providing the necessary assurance that management requires including the audit of key compliance issues and their control within banking. It begins with considering how to audit compliance and the key areas of risk including the governance aspects and then deals with a number of the key elements of compliance including elements of conduct risk, financial crime deterrence and sanctions risk.
Using in-class group development of audit programmes to take away, delegates will learn how to audit data issues and also a range of other significant compliance issues building a series of detailed audit programs which will support their future work in this area.
"The instructor was extremely knowledgeable of the subject matter. Most of the information was presented under the pretense that we were all familiar with the content and he managed to make everyone participate. Lots of content squeezed into a small window. We could always benefit from additional time to cover various areas in more depth. The instructor did a nice job presenting the content given the time and class structure that he was presented with."Senior Audit Manager, USA Bank
Who Should Attend
While this course is designed primarily for bank internal auditors recent delegates include those from bank risk management and compliance, legal, IT, HR, accounting firms and software vendors.
All delegates who complete the course will receive a Certificate in Auditing Bank Compliance and Compliance Risk; and for those who require a demonstration of competency via an exam, a 20-question and multiple choice answer, fully invigilated via email, including classroom marking and a resit, plus results report is available at no additional charge.
Additional Course Information
What Does It Cover?
Starting with considering how to audit compliance and the key areas of risk including the governance aspects the course then deals with a number of the key elements of compliance including conduct risk, financial crime deterrence and sanctions risk.
The Compliance landscape, Internal audit and compliance, IIA and Compliance, What worries your Board, Where compliance sits in an organisation, the key regulations we need to comply with, Reliance on legal advisors, Approach to auditing compliance, Preventative v detective controls, The role of the Compliance Officer, The relationship to the Board, The relationship to the legal function, Embedding compliance management into an organisation, Dealing with change, 1st and 2nd line roles, Local and global compliance registers, Compliance risk matrices, Risks and risk mitigation, Embedding controls throughout the organisation, Politically exposed persons, Beneficial ownership, The nature of the sanctions regime, The role of OFAC. Sanctions and sectoral sanctions, Checking relationships, Identifying sanctions risk, Sanctions compliance and reporting and much more.
Learning Objectives
Delegates will gain specialist technical and behavioural knowledge and practical experience of how to audit compliance within a bank and its governance, together with an understanding of the risk implications and how the role of compliance and legal differ.
Expert-led, delegate groups will develop case studies – a key course take-away – on the audit of
- Governance
- Conduct risk
- Sales techniques and TCF
- Financial crime deterrence
- Sanctions risk
- Data security
- Marketing and advertising standard,
Live, in the virtual classroom, group developed audit program writing will include
Case Study: How will we assess the importance of different rules and how will this impact our audit approach?
Case Studies: Review of recent cases and consideration of additional controls that are required. What does this tell us about the internal audit approach to be adopted?
Case Study: Develop an audit program to address the governance of compliance
Case Study: Develop an audit program to address financial crime deterrence
Case Study: Develop an audit program to address sanctions and sanctions risk
Case Study: Develop an audit program to address Conduct Risk, Bribery and Corruption
Case Study: Develop an audit program to address compliance with data regulations
Case Study: Develop an audit program to address compliance with marketing and advertising requirements
Case Study: Develop an audit program to address compliance within HR
Case Study: Develop an audit program to address integrated reporting and modelling
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, audit writing programmes, regulation and discussion supported by key principles and theory.
The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.
(An invitation via email with access link is included for all participants.)
Registration
Updated Auditing Compliance and Compliance Risk in Banks
Course Fee
Apply 10% discount code RISK10 by December 15, 2024 at check-out
Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)
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