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London, Europe, USA East Coast Time Zones
CPEs: 24
Instructor: Sue Milton
Level: Intermediate
Tuition: £2,495.00
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NEW Trends in IT Risk and Controls in Banking SDIT009

Location: London, Europe, USA East Coast Time Zones

First Date: Jul 28-30 2021

Duration: 3 days/24 hours

Programme Director: Sue Milton

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2021 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.

"The instructor was very knowledgeable about the subject matter and presented in a manner to keep everyones attention."
Risk Director, US Bank, New York
Agenda Highlights

Session 1:  The Role of Risk Oversight in IT within Banking

Session 2:  Risk Oversight of IT Governance

Session 3: IT Management

Session 4: IT Delivery

Session 5: The Globalisation of IT Services

Session 6:  IT Project Management

 

 

 

 

"The course was beneficial in expanding my knowledge of IT payment systems and risks. Dennis was very engaging. "
Head of IT Risk, USA Bank, Chicago
Overview

Banking has changed as a consequence of the crisis of 2020. Customer behaviour has altered and communication channels have changed forever. Customer, regulatory and other stakeholder expectations have also changed. The regulators interest is born out by the issuance of revised sound practices for operational risk as well as a paper on operational resilience both of which focus on the importance of IT risk management, particularly under crisis.

This course is developed specifically for IT risk oversight staff within banks and financial institutions who face these specific regulatory and customer challenges.

Designed to help bank IT and risk oversight staff understand more fully the industry sector in which they operate, the course provides a comprehensive overview of the role of information technology in bank front office and operations departments. It also encourages greater understanding and communication between IT and other departments in the organisation,

The course focuses on the risk oversight issues that arise in practice and provides delegates with the skills they require to meet the demands of a changing industry.

"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."
Senior Risk Manager, Global Bank, London
Who Should Attend

Designed for all risk and IT professionals as well as IT management, strategy and design staff,
IT systems and controls professionals, Governance and risk professionals, Operational management, Internal auditors and Non-executive directors.

Additional Course Information

What Does It Cover?

The Role of Risk Oversight in IT within Banking 

  • What are the challenges of risk oversight within banking?
  • How have priorities changed due to the crisis of 2020?
  • Where does IT risk oversight sit within operational resilience and what are the challenges?
  • What this means in practice
  • The nature of the control environment in IT in a bank
  • The problems and complexity of the IT infrastructure
  • Internal and external IT
  • Examples from practice
  • The role of risk management in IT
  • Assessing the IT risk and control universe
  • Prioritising what is important 

Case Study:  What are the key elements of the IT risk and control universe?  How have these been impacted by the crisis of 2020?

 Risk Oversight of IT Governance

  •  The IT strategy and its development
  • The IT vision
  • The risk of the acquisition and approval process
  • Oversight of risk governance policies and procedures
  • The risks of developing RfPs
  • Reviewing procurement risk
  • Management of IT, adequacy of staffing and its impact on risk
  • The structure of IT
  • Reliance on 3rd parties and vendors
  • Information security
  • The risks of policies and procedures

Case Study:  Review the risk oversight structure in practice in a bank – what are the issues that need to be addressed?

IT Management

  •  Technology inventory
  • Assessing obsolescence
  • Other key risk issues
  • The nature of the control environment
  • The IT Governance relating to Measuring IT Performance and Managing and Monitoring Risk
  • The concept of Management and Support of Applications
  • The function of Service (Help) Desks
  • The control of risks within Service Level Agreements (SLAs)
  • The use and risks of Metrics (Internal And External)
  • Prioritisation Levels and the responsibilities of Support Teams
  • The key risks of the various Computer Resources including IT Infrastructure library
  • The IT risks inherent in Disaster Recovery (DR) and Business Continuity Planning (BCP)
  • The role of the systems administration function and consequent risk management
  • Identifying, threats to those assets, vulnerabilities, existing security controls and processes, and the current security standards and requirements;
  • Analysing the probability and impact associated with the known threats and vulnerabilities to their assets
  • Prioritizing the risks
  • Training, controls, and assurance necessary for effective mitigation

 Case Study:  How should developments in IT be prioritised?

Case Study:  Design suitable risk metrics for IT risk management within a bank

 IT Delivery

 The key risks inherent in the Software Development Life Cycle (SDLC)

  • Understand the risks associated with various procedures including identification, control, status accounting, audit and review
  • The benefits of Buy Versus Build
  • Various development methodology
  • The different methodologies used for Technology delivery:
  • The need for Testing and its importance to Quality Assurance
  • The role of the systems administrator
  • The help desk
  • Authorised and unauthorised changes 

Case Study:  Develop a risk oversight assessment program to address software development and changes  

The Globalisation of IT Services

  • The Advantages, Disadvantages and risks of Outsourcing, Insourcing and Offshoring
  • The Vendor Selection Process For IT Projects
  • Sourcing your supplier
  • Negotiating the contract
  • The SLA
  • Monitoring performance
  • Dealing with your supplier
  • How will you escape?

Case Study:  Develop a risk oversight assessment program for the use of outsourced services

IT Project Management 

  • The Difference Between Programs, Projects, And Work Packets
  • The Meaning of Scope, Estimation, Milestones, Tasks And Deadlines
  • Project plans
  • Definitions of project requirements and expectations
  • Project management standards and procedures
  • Quality assurance and risk management standards and procedures
  • Definitions of project roles and responsibilities
  • Involvement by all affected parties
  • Project communication techniques
  • Monitoring and reporting 

Case Study:  Develop a risk oversight assessment program for IT project management

 END

 

Learning Objectives

All delegates completing the course will receive a Risk Reward CDP Accredited Certificate in Trends in IT Risk and Controls in Banking.

Delegates  will gain specialist technical and behavioural knowledge and a thorough understanding of the IT risk and control environment including mitigating techniques including

• IT risk governance
• IT disaster recovery
• Cyber risks
• Systems administration risks
• IT procurement
• IT Delivery
• IT project management
• Vulnerability and threat assessment

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 Trends in IT Risk and Controls in Banking

Course Fee

Early Bird Discounts of 10%+ available by May 1, 2021

Course Fee (per person):
GBP £2,495.00 (+ UK VAT when applicable)

Number of delegates:

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