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Certificated
NEW Auditing Risk Management for Banks and Financial Institutions IARM001
Location: UK EU MENA WAT GCC Time Zone
Duration: 4 days
Programme Director: Dennis Cox FCSI FRISM FCA AIIA BFP
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2023 Live, on-site and Live 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 bring this course in-house, certify the audit team Face-to-face or train 1:1 ? Simply contact us for significant cost savings and dates to support your business and professional development goals.
"Delivering This programme for both the risk managers and the internal auditors succeeded in raising awareness of critical areas of concern for the business. "Nedbank, South Africa
Agenda Highlights
Session 1: Enterprise Risk Management
Session 2: Corporate Governance
Session 3: Key Risk Management Tools
Session 4: What is Operational Risk?
Session 5: The Building Blocks of Operational risk
Session 6: Credit Risk
Session 7: Credit Modelling
Session 8: Credit Risk Management
Session 9: Liquidity Risk
Session 10: Liquidity Planning
Session 11: Contingency Funding
Session 12: Changing Regulation and Liquidity Risk
Session 13: Market Risk
Session 14: Market Risk Models
Session 15: Market Risk Management Issues
"'Did not realise we could train and certify an entire department.'"Investec, South Africa
Overview
| The financial services sector represents a challenge to internal auditors. Banks have created risk functions with ever increasing responsibilities This course looks at the risk function and considers the approach that internal auditors should adopt when auditing this function.
Risk departments of banks have become increasingly complex driven by the demands of regulation and the business. This level of increase in sophistication has accelerated in recent years as many banks have created risk functions with ever increasing responsibilities. Since the internal audit function needs to address all areas of a financial institution, including risk management, this provides risk management with additional challenges. This 5-day course looks at the risk function and considers the approach that internal auditors should adopt when auditing this function. The course is modular by nature with the first day focusing on the general approach to be adopted when approaching the risk management function and the audit of key areas of common interest to all risk areas. The subsequent four days are separable and consider the audit of:
The course refers to the Basel 3 and Basel 2 papers, the IIA Three Line Model and the BIS Operational Resilience papers where appropriate as well as regulations in consultation as to their potential impact on internal audit. |
"{The trainer] was very knowledgeable and able to give opinions across a wide variety of subjects. Very well informed. "Sumitomo Mitsui Bank Corporation, New York
Who Should Attend
Designed primarily for bank internal auditors, risk managers, bank IT auditors and HR managers supporting those business functions and for CAE/CIA’s seeking to ensure up-to-the-minute, uniform standards and international best practise across the modern bank’s audit function.
All delegates who complete the course will receive a Certificate in Bank Internal Audit with 40 CPD/CPE credits accredited by CPD UK.
Additional Course Information
What Does It Cover?
| Auditing Enterprise Risk Management and the Risk Department
Enterprise Risk Management
o Credit Risk o Market Risk o Operational Risk o Liquidity Risk o Strategic Risk o Reputational Risk
Discussion session: The role of risk management within a major financial services organization, by reviewing public information on current company structures. Corporate Governance
Case Study: Develop an audit program for the audit of the governance of risk management Key Risk Management Tools
Auditing Operational Risk What is Operational Risk?
The Building Blocks of Operational risk
Case Studies: Develop audit programs for the audit of internal loss data, control and risk self-assessment and key risk indicators. Auditing Credit Risk and Credit Models Credit Risk
Credit Modelling
Case Study: Develop an audit program for credit modelling Credit Risk Management
Case Studies: Develop audit programs for EAD, PD, LGD, credit risk stress testing and arrears management Auditing Liquidity Risk and Contingency Funding Liquidity Risk
Case Studies: Develop an audit program for liquidity risk management Liquidity Planning · Developing a liquidity plan · What should it include? · The issues to be faced · Dealing with uncertainty · The link to capital planning Case Study: Develop an audit programme for the audit of the liquidity plan Contingency Funding
Case Study: Develop a plan to audit the contingency funding plan Changing Regulation and Liquidity Risk
Auditing Market Risk, the ICAAP and the Recovery and Resolution Plan Market Risk
Market Risk Models
Case Studies: Develop audit program for market risk models Market Risk Management Issues
END
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Learning Objectives
By the completion of this course delegates will have gained specialist technical and behavioural knowledge, techniques and practical approaches to key risk areas of bank internal audit functions and best practise with a global banking perspective specifically developing audit programmes for
- Enterprise risk management
- Operational risk management
- Credit risk management
- Liquidity and treasury risk management
- Market risk management
Led by a Tier 1 global bank risk and audit expert, delegates will be trained to appreciate the practical approaches and nuanced behaviours needed towards the designing and conducting audits in these core bank areas.
Delegates who complete the course will receive a Certificate in Auditing Risk Management for Banks and Financial Institutions accompanied by solutions to in-class case studies, group-developed audit programmes and with 30- days Q&A access to the trainer following the course dates.
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, 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
NEW Auditing Risk Management for Banks and Financial Institutions
Course Fee
Apply discount voucher code RISK10 at check out by Feb 15, 2023
Course Fee (per person):
GBP £3,795.00 (+ UK VAT when applicable)
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