• 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

The financial services industry represents a challenge to internal auditors – there is the language to understand and the complexity of the products to deal with.

This course is specifically designed to provide internal auditors with the key skills that they require prior to commencing internal auditing assignments within financial service institutions. Looking at the various different components of the banking industry, the course considers the internal audit approaches that would be appropriate in each case and assists delegates to design suitable internal audit programmes.

Within the course the delegates 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 they 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: John Porter, BA ACA

John Porter, is a chartered accountant, banker and financial services consultant specialising in internal audit, with more than 20 years’ experience in these fields. John has held various management positions within the internal audit departments of the global financial institutions ABN AMRO, HSBC, American Express and Bank of Bermuda, having gained his Chartered Accountancy qualification (UK ICAEW) with Ernst & Young. His areas of expertise include: The audit of a wide variety of financial products and derivatives, including Equities, Bonds/Fixed Income, FX, Corporate Finance, Private Equity/Venture Capital, Asset Management, Insurance, Trust and Credit Cards. (John’s Asset Management experience includes audit and account management responsibilities for the Londonbased Investment Management Division of HSBC Asset Management, and the fundamental re engineering of the conduct of this Division in liaison with management and regulators.)

Past Delegate Feedback

“Excellent practical experience, gave some real-life insights” Director of Internal Audit, EFG Eurobank

“This is a very good & elaborate course necessary & to sharpen internal audit skills” DSenior Manager, FBN Plc, Nigeria

“Well presented and well summarised content” Senior Auditor, Caylon Bank

‘Very good coverage of banking risks and a very inspirational teacher’ Internal Audit Consultant, PWC

‘Very educative and value adding. Dennis is always willing to assist’ Head of Internal Control