Bank Internal Audit - MIS Training - Asia

Global Leader in
Audit, Risk, Fraud
and Security Training
A division of
Bank Internal Audit
Understanding banking, the associated risks and
how to control them
Singapore
5 day course 3-7 December 2012
Course Director
Dennis Cox, BSc FCSI FCA
Specialist in financial institution
internal audit
Quotes from past delegates:
“Excellent practical experience, gave some
real-life insights”
Director of Internal Audit,
EFG Eurobank
“Well presented and well summarised
content”
Senior Auditor, Caylon Bank
Earn 37 CPE credits
Who should attend
MIS Training and this course are neither endorsed by nor affiliated with ISDA®
• The key elements of modern banking
• Understanding derivatives, hedging and risk
• The impact of payment systems on banking
• The audit of credit and market risk
• The differences between retail and corporate banking audits
• Auditing the dealing room
• Auditing transmissions and clearing services
• Understand and audit trade finance and private banking
• Auditors, senior auditors and audit
managers
• Regulators
• Senior managers with internal audit
responsibilities
• Accountants who conduct audits for
financial institutions
Prerequisite
Some knowledge of basic audit
techniques and also of the financial
market would be an advantage.
Learning Level
Intermediate
ISDA® is a registered trademark of the International Swaps and Derivatives Association
PLEASE REGISTER EARLY
Due to recent changes in VISA processing, delegates are strongly advised to
obtain relevant VISAs up to one month prior to the course.
SAVE
UP TO 50%
WITH IN HOUSE
TRAINING
Details inside
Web: www.mistiasia.com Email: misasia@misti.com Tel: +852 2520 1481

Bank Internal Audit
Understanding banking, the associated risks and how to
control them
Singapore
5 day course
3-7 December 2012
Day 1
Course focus and features
The financial services industry represents a challenge to auditors – there is the language to
understand and the complexity of the products to deal with. This course is specifically designed to
provide auditors with the key skills that they require prior to commencing auditing assignments
within financial service institutions. Looking at the various different components of the banking
industry, the course considers the audit approaches that would be appropriate in each case and
assists delegates to design suitable audit programmes.
The course will address each of the key areas of banking including retail banking, corporate
banking, trade finance, e-banking and derivative activities. By the end of the course, delegates will
appreciate all of the different areas within a firm, the nature of the audit approach to be adopted
and the areas where problems tend to arise in practice.
Methodology
A combination of classroom style presentations mixed with interactive case studies. Internal audit
techniques will be considered at each stage of the course.
Course Director Dennis Cox
Dennis Cox, BSc FCSI FCA is a leading financial services risk management and internal audit
specialist. He has held senior management positions within the banking and accountancy
profession as Director, Risk Management at HSBC Insurance Brokers Limited and Director, Risk
Management, Prudential Portfolio Managers. Formerly, he held a number of roles within the
audit profession at HSBC Holdings PLC. He has significant expertise in total risk management,
risk-based internal audit, treasury, credit, liquidity, operational and market risk.
Dennis specialises his advisory services and lectures on the modernisation of internal audit. He
also addresses internal audit as a driver for organisational change in banking. He is a specialist
in audit for credit, treasury, operations and the Basel Accord.
He is a Fellow, Co-founder and Chairman of the Risk Forum for the UK Chartered Securities and
Investments Institute. A Fellow the Institute of Chartered Accountants (FCA), he has also been a
National Council Member for 15 years.
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
• Understanding 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
Dennis is an accomplished international conference chairman and lecturer, and is the author
of a number of publications including Banking and Finance: Accounts, Audit and Practise (1993
Butterworths), The Mathematics of Banking and Finance (2006 Wiley Finance) and Frontiers of Risk
Management (2007 Euromoney).
SAVE TIME AND MONEY WITH IN-HOUSE TRAINING
MIS Training Institute provides specific, tailor-made in-house training on a wide variety of internal audit, IT audit and information security topics. Clients are
able to determine the content, duration, and level of expertise of the course, creating a unique and customised programme. All our in-house consultants
are professional trainers and draw on many years of practical experience in the audit and information security area.
To find out more about the special benefits of in-house training, please contact:
Ang Kar Wee, Business Development Manager
Tel: +852 2111 6617 Email: inhouse@euromoneyasia.com

Day 2
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
Day 3
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
Day 4
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
Day 5
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
Funding support
The Monetary Authority of Singapore (MAS)
administers grants to financial sector organisations
that sponsor eligible participants to training
programmes that meet qualifying criteria. For
enquiries, please contact the MAS at (65) 6229-9396
or via email at fsdf@mas.gov.sg.
This course is an objective and impartial
analysis of ISDA® documentation.
© Copyright Euromoney Training 2012
Web: www.mistiasia.com Email: misasia@misti.com Tel: +852 2520 1481

Global Leader in
Audit, Risk, Fraud
and Security Training
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Bank Internal Audit (MS5015)
on 3-7 December 2012, Singapore
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