Risk Management for Financial Institutions

Risk Management for Financial Institutions

Understanding banking, the associated risks and how to control them.

The financial services industry 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:

• Operational risk
• Credit risk
• Market risk
• Liquidity risk

The course refers to the Basel 3 and Basel 2 papers where appropriate which are being introduced globally. As such it also serves to ensure that the auditors have the technical background that they require to address these important areas.

Why Attend this Course?

• Appreciate the key issues relating to control within the risk function and understand its role with the business
• Develop an audit programme for the audit of the governance of risk management
• Understand techniques and key approaches to this developing subject
• Learn key approaches and lessons to be applied within your own organisation
• Develop audit programmes for the audit of internal loss data, control and risk assessment and key risk indicators

Learning Objectives

To enable attendees to appreciate the key issues relating to control within the risk function and to understand its role with the business.

To ensure that attendees understand what are the main techniques currently employed and key approaches to this developing subject.

Using a series of practical case studies, participants will be taken though the key approaches and will learn lessons to be applied within their own organisations