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This comprehensive four-day seminar is designed to provide internal auditors with the critical skills they need to carry out successful assignments within financial service institutions.

In four high-impact days you will examine the various components of the banking industry and explore audit approaches appropriate for designing suitable audit programs for such assignments.

You will gain a general understanding of the banking industry and applicable approaches to retail, corporate, and private banking; trade finance; and financial instruments.

You also will cover such timely topics as personal and corporate lending, security and provisioning, futures and the futures market, investment banking, and more. And throughout the seminar, case studies will be used to enhance what you learn.

Agenda

1. 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 a audit planning memorandum
2. 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
3. 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
4. Personal Lending
  • the customer
  • connected lending
  • overdrafts
  • personal loans
  • mortgage lending
  • retail customer analysis
  • credit scoring
  • using external agencies
  • knowing your customer
  • the drawdown process
  • reporting personal lending
  • case study/exercise: developing an audit program for personal lending
5. 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
6. 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
7. Security and Provisioning
  • introduction
  • fixed charges
  • floating charges
  • life policies
  • guarantees
  • indemnities
  • mortgages
  • provisioning
  • case study/exercise: developing an audit program for security and provisioning
8. 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
9. 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
10. 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
11. 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
12. 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
13. 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
14. 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
15. Swaps and the Swaps Market
  • interest rate swaps
  • currency swaps
  • credit derivatives
  • weather derivatives
  • 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
16. 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
Prerequisites: None
Learning Level: Intermediate
Advance Preparation: None
Delivery Method: Group-Live

Date & Time

8:30 am and conclude at 5:00 pm, with the exception of the final day, which ends at 1:00pm
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CA San Francisco12/18/2017 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.00452873
CA San Francisco2/26/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.001587540
NY New York3/5/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2895.001587536
DC Washington5/21/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.001587541
IL Chicago6/4/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2895.001587538
IL Chicago7/23/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.001587542
MA Boston8/13/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2895.001587539
NY New York9/24/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.001587543
MA Boston10/15/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.001587544
NY New York10/15/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2895.001587537
FL Orlando12/3/2018 8:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>4 days2495.001587545
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