Description
This course provides a systematic and comprehensive process to understand and effectively review banking activities, including commercial and personal products, the key risks involved in retail and corporate banking, private banking, trade finance, investment banking, dealer rooms, and derivatives. The course focuses on the design of suitable internal audit programs and the identification of the related objectives, risks, controls and audit steps for these assignments.
What you will learn
Why You Should Attend:
You should attend because banking structures, processes, products, and compliance requirements are becoming more complex. This course provides a comprehensive and systematic approach to auditing banks effectively.
Who Should Attend:
Internal, External, and Credit Auditors; Audit Directors and Managers; CAEs; Risk Managers
What You'll Learn:
You What You'll Learnwill learn how to develop programs for auditing banks. You will also learning about how to apply risk mitigation techniques and considerations for ensuring compliance.
Agenda:
- Internal Audit Definition Evolution of Bank Internal Audit
- Roles Within the Three Lines of Defense Model
- The Relationship Between Auditors and Regulators
- Committee Effectiveness
- Audit Plan Identifying Risks and Defining Key Controls
- Risk, Process or Control?
- Defining the Audit Universe
- Audit Plan Construction and Refresh
- Tools to Update the Audit Plan
- Sunlight Bank
- Critical Topics in Audit Plan Construction
- Risk Assessments Risk Assessments and Key Risk Drivers
- Innovation in Risk Assessment Construction
- Risk Assessment for Sunlight Bank
- Critical Topics in Risk Assessments
- Business Monitoring Business Monitoring
- Innovation in Business Monitoring Activities
- Business Monitoring in Sunlight Bank
- Business Monitoring Terminology
- Audit Phases Audit Pre-Planning and Planning Phase Activities
- Audit Fieldwork Phase Activities
- Root Cause Analysis Technique
- Audit Reporting Phase Activities
- Internal Audit Best Practices
- Complete Audits in 90 days 90 Days Challenges
- Tools and Tips for Completing Audits in 90 days
- Issue Validation Activities
- Critical Topics for Completing an Audit in 90 Days
- Black Swan Events High Risk Areas
- Impact to Audit Plan
- Innovating Offsite Testing
- Examining the Impact of a Black Swan Event
- Branch Banking Coverage Audit Approach to Audit Branch Banking
- Key Risks and Potential Audits
- Data Analytics in Branch Banking
- Critical Topics in Branch Banking Coverage
- Deposit Products Audit Approach and Additional Tools to Audit Deposits
- Key Risks and Potential Audits
- Data Analytics for Deposit Products
- Identifying Red Flags with Deposit Products
- Critical Topics with Deposit Products
- Third Parties Key Risks with Third Parties
- Audit Approach to Audit Third Parties
- Data Analytics for Third Party Testing
- Develop an Audit Program for Third Parties
- Critical Topics for Third Parties
- Data Management Key Risks with Data
- Audit Approach to Audit Data Management
- Data Analytics for Data Management
- Fraud Management Identifying Red Flags
- Audit Approach to Audit Fraud
- Data Analytics for Fraud Management
- Sales Practices High Risk Areas
- Audit Approach to Audit Sales Practices
- Data Analytics for Sales Practices
- Sales Practices Red Flags
- Stakeholders Engagement Identify Key Stakeholders
- Identifying and Developing Business Relationships
- Effective Communication Techniques
- Time Management and Additional Tools to be Engaged
- Critical Topics for Stakeholder Engagement
Prerequisites Courses:
Fundamentals of Internal Auditing (OAG101) or some knowledge of basic audit techniques and familiarity with the financial markets.
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