Finance and Banking

Building Automated Financial Advisory Robots for Clients

Learn to design, measure and defend your organisation's approach to automated financial advisory.

  • 5training days
  • 4modules
  • 8sessions
  • 32topics
View packages and pricesCourse outline
Building Automated Financial Advisory Robots for Clients
5days

About the programme

Course Overview

The audit trail behind automated financial advisory matters as much as the decision itself. Models supporting this part of financial and banking practice fail quietly, and usually at the worst moment. The programme builds the judgement to know which parts of this strand of financial and banking practice to standardise and which to leave flexible. Plans for automated financial advisory often fail at the handover point between functions. Benchmarking exercises repeatedly place the practice within financial and banking practice among the areas with the widest performance spread. It is pitched for practitioners with responsibility for the financial and banking practice capability, not for observers of it. The method assumes participants will be challenged on their handling of automated financial advisory and prepares them for it. Content is organised around the decisions practitioners actually face in this aspect of financial and banking practice, not around theory headings. Participants finish with a short, specific brief on this area of financial and banking practice ready to put in front of a decision maker.

Expected Learning Outcomes

  • Validate the assumptions inside any model supporting automated financial advisory.

  • Set early warning indicators that flag deterioration in automated financial advisory.

  • Build the client due diligence and monitoring appropriate to automated financial advisory.

  • Handle the trade-offs in automated financial advisory between speed, cost and assurance explicitly rather than implicitly.

  • Test the organisation's response to automated financial advisory under conditions that are less than ideal.

  • Build the audit evidence that demonstrates automated financial advisory operated as designed.

  • Sequence improvements to automated financial advisory so that each step makes the next one easier.

Who Should Attend

  • Compliance officers overseeing automated financial advisory.

  • Regulatory reporting analysts covering automated financial advisory.

  • Specialists advising senior management on automated financial advisory.

  • Treasury and asset-liability staff managing automated financial advisory.

  • Operations staff executing and settling automated financial advisory.

  • Risk managers assessing the exposure created by automated financial advisory.

Course Modules

Open any module to see its sessions and topics.

01

Automated financial advisory: risk appetite, limits and policy

2 sessions · 8 points

Session 1What a supervisor will ask about automated financial advisory, and in what order

  • Identify the key controls over automated financial advisory and who tests them.
  • Anticipate the objections automated financial advisory will raise and prepare the answers.
  • Establish what evidence demonstrates automated financial advisory is under control.
  • Set early warning indicators for automated financial advisory with defined action thresholds.

Session 2The hard cases in automated financial advisory and how to reason about them

  • Test automated financial advisory against a scenario the organisation would rather not model.
  • Estimate the resource automated financial advisory requires to run as designed.
  • Review whether automated financial advisory is aligned with the objectives of the business line.
  • Translate the appetite for automated financial advisory into limits someone monitors daily.
02

Automated financial advisory: pricing, profitability and risk-adjusted return

2 sessions · 8 points

Session 1Where automated financial advisory typically breaks, and why

  • Confirm reporting on automated financial advisory reaches the committee that can act on it.
  • Check the legal and contractual exposure created by automated financial advisory.
  • Review the pricing of automated financial advisory against the risk being assumed.
  • List the assumptions in any model supporting automated financial advisory and when each was last challenged.

Session 2Reporting automated financial advisory so the reader can act on it

  • Check the accounting treatment applied to automated financial advisory against current standards.
  • Design the exception process for automated financial advisory and require a documented rationale.
  • Name a single owner for each element of automated financial advisory.
  • Decide what will be stopped to create capacity for automated financial advisory.
03

Automated financial advisory: audit evidence and examiner readiness

2 sessions · 8 points

Session 1The cost of automated financial advisory and how to present it

  • Prepare the summary of automated financial advisory that senior management will read.
  • Agree the smallest change to automated financial advisory that would be visibly useful.
  • Document the remediation plan for each known weakness in automated financial advisory.
  • Agree who signs off automated financial advisory and record that they did.

Session 2Evidencing that automated financial advisory worked as designed

  • Verify reconciliation and settlement controls covering automated financial advisory.
  • Prepare the evidence pack demonstrating automated financial advisory operated as designed.
  • Distinguish symptoms from causes when automated financial advisory underperforms.
  • Confirm regulatory reporting on automated financial advisory is complete, timely and reconciled.
04

Automated financial advisory: stress testing and scenario analysis

2 sessions · 8 points

Session 1Pricing automated financial advisory for the risk actually taken

  • Confirm that reporting on automated financial advisory reaches the people who can act.
  • Remove steps in automated financial advisory that add effort without adding assurance.
  • Set out the decisions in automated financial advisory that require sign-off and by whom.
  • Build the competence framework that supports automated financial advisory.

Session 2Setting a limit on automated financial advisory that will actually be respected

  • Record what was learned when automated financial advisory did not go as planned.
  • Set out how exceptions to automated financial advisory are requested and approved.
  • Rank the weaknesses in automated financial advisory by consequence rather than by ease of fixing.
  • Confirm segregation of duties across initiation, approval and settlement of automated financial advisory.

Choose the package that suits you

Silver Package

At least 3 people

USD1,250
  • Workshop or Program Participation
  • Airport Transfers
  • Customized Badge
  • Expert Mentorship (Private Sessions)
  • Supervision & Secretarial Services
  • Accredited Certificate of Participation
  • Complete Training Kit
  • Coffee Break
  • Closing Ceremony

Gold Package

At least 3 people

USD1,850
  • 5-night stay in a 5-star hotel
  • Workshop or Program Participation
  • Airport Transfers
  • Customized Badge
  • Expert Mentorship (Private Sessions)
  • Supervision & Secretarial Services
  • Accredited Certificate of Participation
  • Complete Training Kit
  • Coffee Break
  • Closing Ceremony

Complete your registration

We will contact you within one business day to confirm.

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