Finance and Banking

Building Risk-Based Internal Audit Programmes for Banks

Practical training in risk-based internal audit, grounded in real cases and applied to your own operation.

  • 5training days
  • 4modules
  • 8sessions
  • 32topics
View packages and pricesCourse outline
Building Risk-Based Internal Audit Programmes for Banks
5days

About the programme

Course Overview

Regulators no longer accept intent as evidence of control over risk-based internal audit. Capital, liquidity and reputation are all exposed by weak handling of this area of financial and banking practice. The course leaves participants able to diagnose weaknesses in the financial and banking practice discipline before they become incidents. Content is organised around the decisions practitioners actually face in risk-based internal audit, not around theory headings. Plans for this part of financial and banking practice often fail at the handover point between functions. Participants who influence this strand of financial and banking practice without directly controlling it will find the content directly usable. Sessions alternate between guided analysis of risk-based internal audit and supervised application. Field experience suggests that the barrier to better the wider financial and banking practice agenda is rarely technical. The course ends by identifying what the participant will stop doing to make the financial and banking practice discipline sustainable.

Expected Learning Outcomes

  • Stress test risk-based internal audit against scenarios that are plausible rather than comfortable.

  • Estimate what risk-based internal audit costs to run properly, and what is lost when it is not.

  • Communicate the purpose of risk-based internal audit to those who have to comply with it.

  • Document the approval chain for exceptions to policy on risk-based internal audit.

  • Design reconciliation and settlement controls covering risk-based internal audit.

  • Plan the remediation route when a weakness in risk-based internal audit is identified.

  • Establish escalation routes for risk-based internal audit that work outside normal hours.

Who Should Attend

  • Analysts producing the data on which decisions about risk-based internal audit rest.

  • Investment and portfolio managers exposed to risk-based internal audit.

  • Operations staff executing and settling risk-based internal audit.

  • Board risk committee members overseeing risk-based internal audit.

  • Compliance officers overseeing risk-based internal audit.

  • Team leaders and supervisors who put risk-based internal audit into practice day to day.

Course Modules

Open any module to see its sessions and topics.

01

Risk-based internal audit: the control framework and segregation of duties

2 sessions · 8 points

Session 1Pricing risk-based internal audit for the risk actually taken

  • Identify the data already collected that bears on risk-based internal audit.
  • Decide what will be stopped to create capacity for risk-based internal audit.
  • Confirm that those complying with risk-based internal audit understand why it exists.
  • Build the internal briefing that explains risk-based internal audit to those affected.

Session 2The cost of risk-based internal audit and how to present it

  • Confirm that contractual obligations around risk-based internal audit are understood.
  • Benchmark the organisation's risk-based internal audit against comparable operations.
  • Set the review interval for risk-based internal audit and who attends.
  • Verify reconciliation and settlement controls covering risk-based internal audit.
02

Risk-based internal audit: risk appetite, limits and policy

2 sessions · 8 points

Session 1The control on risk-based internal audit that looks strong and is not

  • Review concentration by counterparty, sector and geography inside risk-based internal audit.
  • State the risk appetite for risk-based internal audit as a number, not an adjective.
  • Close out actions on risk-based internal audit rather than leaving them open indefinitely.
  • Document the remediation plan for each known weakness in risk-based internal audit.

Session 2Getting other functions to support risk-based internal audit

  • Review the pricing of risk-based internal audit against the risk being assumed.
  • Confirm client due diligence standards applied to risk-based internal audit are current.
  • Name a single owner for each element of risk-based internal audit.
  • Check the legal and contractual exposure created by risk-based internal audit.
03

Risk-based internal audit: capital, liquidity and balance sheet effect

2 sessions · 8 points

Session 1The early warning on risk-based internal audit that arrives in time

  • Distinguish symptoms from causes when risk-based internal audit underperforms.
  • Translate the appetite for risk-based internal audit into limits someone monitors daily.
  • List the assumptions in any model supporting risk-based internal audit and when each was last challenged.
  • Rehearse the briefing on risk-based internal audit that would follow an incident.

Session 2What risk-based internal audit does to capital and liquidity under stress

  • Set early warning indicators for risk-based internal audit with defined action thresholds.
  • Confirm that reporting on risk-based internal audit reaches the people who can act.
  • Prepare the summary of risk-based internal audit that senior management will read.
  • Record the rationale for each significant choice made about risk-based internal audit.
04

Risk-based internal audit: audit evidence and examiner readiness

2 sessions · 8 points

Session 1What a supervisor will ask about risk-based internal audit, and in what order

  • Prepare the evidence pack demonstrating risk-based internal audit operated as designed.
  • Identify the key controls over risk-based internal audit and who tests them.
  • Confirm reporting on risk-based internal audit reaches the committee that can act on it.
  • Establish the boundary of risk-based internal audit and record what sits outside it.

Session 2Keeping risk-based internal audit alive after the initial push

  • Compare the cost of risk-based internal audit with the cost of its absence.
  • Design the exception process for risk-based internal audit and require a documented rationale.
  • Assess the capital consumed by risk-based internal audit under current and stressed conditions.
  • Confirm segregation of duties across initiation, approval and settlement of risk-based internal audit.

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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