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CPEs: 32
Instructor: Dennis Cox
Level: Intermediate
Tuition: £2,995.00
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NEW Bank Internal Audit School (How to Audit a Bank) IA385

Location: UK EU MENA GCCTime Zone

First Date: Oct 10 - 13 2022

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 1:1 or limited sized Group Learning with Risk Reward.

All our 2022 Virtual and Live 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 either live virtual or Face-to-Face on site? Simply contact us for significant cost savings and dates to best suit your personal development and business goals.

"Fun course on how to audit a bank."
MUFG Bank Auditor, California, USA
Agenda Highlights

Session 1: How to Audit a Bank

Session 2: Deposits and Deposit Taking

Session 3: Funds Transmissions and Clearing Services

Session 4: Personal Lending

Session 5: Corporate Lending

Session 6: Security and Provisioning

Session 7: Trade Finance and Finance of Trade

Session 8: Branch Banking

Session 9: Private Banking

Session 10: Investment Banking

Session 11: Dealing and the Dealing Room

Session 12: Foreign Exchange

Session 13: Forward Contracts

Session 14: Futures and the Futures Market

Session 15: Options and the Option Market

Session 16: Swaps and the Swaps Market

""It was enjoyable, kept my attention and I learned some new information. The Instructor kept my attention, was interesting to listen to and was quite knowledgeable.""
Auditor, Commercial Bank, Charlotte, North Carolina, USA

This four-day course is designed to provide  bank 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 and assists delegates to design suitable internal audit programs for such assignments.

This products-based course is based on the application of the risk-based approach and the key risks of each area will be considered throughout. Real-life examples will be used to illustrate the significance of the issues considered.

By attending this course, delegates will obtain a general appreciation of the application of the risk-based approach and the internal audit approaches that are suitable.
Specifically, they will consider the auditing approaches within:

  • Retail banking
  • Corporate banking
  • Private banking
  • Financial instruments
"Excellent course. I learned a great deal and Dennis did a great job adapting to the on-line delivery method for the course. "
Audit Manager, Global Bank, California
Who Should Attend

Internal, External, and Credit Auditors; Audit Directors and Managers; CAEs; Risk Managers

Additional Course Information

What Does It Cover?
How to Audit a Bank:
  • Planning
  • Materiality
  • Risk Appetite
  • The risk assessment exercise
  • Fraud and money laundering deterrence responsibilities
  • The relationship to external audit
  • Home/Host regulation
  • Branch and representative office audits
  • Introduction to the basel accord

Case study/exercise: preparing an audit planning memorandum

Deposits and Deposit Taking:

  • How are banks funded
  • Current accounts
  • Deposit accounts
  • Retail funding
  • Customer identification
  • The customer recording process
  • Payments in and out of deposits
  • Dormant accounts
  • Notice accounts
  • Reporting deposits
  • Key risk issues within deposits and deposit taking

Case Study/exercise: developing an audit program for deposits and deposit taking

Funds Transmission and Clearing Services:

  • Payment mediums
  • Bulk paper clearing
  • Cash and Debit cards
  • Credit cards
  • Internet banking
  • ATM machines
  • Swift and International payments

Case Study/Exercise: Developing an audit program for funds transmission and clearing services

Personal Lending:

  • The Customer
  • Connected lending
  • Overdrafts
  • Personal loans
  • Mortgage lending
  • Retail customer analysis
  • Credit scoring
  • Use of external agencies
  • Know your customer
  • The Drawdown process
  • Reporting personal lending

Case Study/Exercise: Developing an audit program for personal lending

Corporate Lending:

  • The Customer
  • Connected lending
  • The Credit application
  • Rating agencies
  • Project finance
  • Structured lending
  • Sovereign debt
  • Reporting corporate lending

Case Study/Exercise: Developing an audit program for corporate lending

Security and Provisioning:

  • Introduction
  • Fixed charges
  • Floating charges
  • Guarantees
  • Mortgages
  • Provisioning

Case Study/Exercise: Developing an audit program for security and provisioning

Trade Finance and Finance of Trade:

  • Trade finance defined
  • Bills of exchange
  • Promissory notes
  • Export credits
  • Factoring and forfeiting
  • Invoice discounting

Case Study/Exercise: Developing an audit program for trade finance and for finance for trade

Branch Banking:

  • Which roles are conducted at branches
  • The nature of the audit work to be conducted
  • Reviewing branch records
  • Human resources issues
  • Compliance issues
  • Reporting and management

Case Study/Exercise: Developing an audit program for a retail bank branch

Private Banking:

  • The services of a private banker
  • Asset management
  • Offshore bank accounts
  • Politically exposed persons
  • Key risks in personal banking

Case Study/Exercise: Developing an audit program for private banking

Investment Banking:

  • Long-term finance
  • Venture capital
  • Debt financing
  • Underwriting
  • Structured finance
  • Due diligence processes
  • Documentation and liability
  • Income generation

Case Study/Exercise: Developing an audit program for investment banking

Dealing and the Dealing Room:

  • The difference between the trading book and the banking book
  • The deal process
  • Telephone dealing
  • Electronic dealing
  • Controls and the control environment
  • The BASEL rules on operational risk
  • Compliance and general conduct

Case Study/Exercise: Developing an audit program for dealing and the dealing room

Foreign Exchange:

  • Calculating foreign exchange rates
  • The foreign exchange market
  • The language of foreign exchange
  • Spot rates and cross rates
  • Systems of accounting
  • International accounting standards
  • Principles of valuation

Case Study/Exercise: Developing an audit program for foreign exchange

Forward Contracts:

  • Calculating forward foreign exchange rates
  • Advantages and disadvantages
  • Positions and hedging
  • Spot and forward transactions
  • Principles of valuation
  • Forward rate agreements
  • Forward – forward contracts
  • International accounting standards

Case Study/Exercise: Developing an audit program for forward contracts

Futures and the Futures Market:

  • Introduction to financial futures
  • Futures exchanges
  • Types of futures contracts
  • Quotation of futures contracts
  • Margin accounting
  • Confirmation and control

Case Study/Exercise: Developing an audit program for futures and the futures market

Options and the Options Market:

  • Introduction to options
  • Types of options contract
  • Premiums, margin and exercise
  • Option terms
  • Option payoffs
  • Confirmation and control

Case Study/Exercise: Developing an audit program for options and the options market

Swaps and the Swaps Market:

  • Interest rate swaps
  • Currency swaps
  • Advantages of swap structures
  • Pricing a swap
  • Credit risk and collateral
  • ISDA documentation
  • Hedging and hedge accounting
  • Control and confirmation

Case Study/Exercise: Developing an audit program for swaps and the swaps market

Learning Objectives

You will learn how to develop programs, risk assessments, planning, essential testing procedures and reporting. You will learn about many commercial and personal banking products, investments, trading rooms, and money transfer mechanisms.

As banking structures, processes, products, and compliance requirements are becoming more complex. This course provides a comprehensive and systematic approach to auditing banks effectively.

Highly-valued combined expert-led and Group learning approach  provides delegates with the greatest opportunity to learn how to deal with the critical issues that they will face on a day-to-day basis.

Delegates who complete the course will receive an accredited CPD UK Certificate in Bank Internal Audit, and for those who require a demonstration of competency via training, a 20 multiple choice questions assessment, fully invigilated, with results report and a resit is included in the price.
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 will 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.)


NEW Bank Internal Audit School (How to Audit a Bank)

Course Fee

Enter voucher discount code RISK15 at checkout until Sep 30, 2022

Course Fee (per person):
GBP £2,995.00 (+ UK VAT when applicable)

Number of delegates:

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