Price internal control effectiveness to reflect the risk actually being taken.
Managing the Assessment of Internal Control Effectiveness in Financial Institutions
Turn internal control effectiveness from a stated policy into a practice your organisation can evidence.
📍 Tripoli🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Capital, liquidity and reputation are all exposed by weak handling of internal control effectiveness. Growth built on poorly controlled this strand of financial and banking practice reverses faster than it accumulated. It is designed for mixed groups, so that this area of financial and banking practice is examined from more than one functional angle. Participants test their assumptions about internal control effectiveness against scenarios designed to break weak ones. It treats the financial and banking practice capability as an operating discipline and equips participants to run it as one. They leave able to brief senior management on this area of financial and banking practice in terms that support a decision. Practitioner evidence points the same way: internal control effectiveness improves fastest where responsibility for it is named and owned. Plans for this strand of financial and banking practice often fail at the handover point between functions. Work concludes with a self-assessment of the practice within financial and banking practice that participants can repeat annually.
Expected Learning Outcomes
Structure records of internal control effectiveness so that they answer the questions an auditor will actually ask.
Build a concise control framework for internal control effectiveness that colleagues can follow without further explanation.
Set acceptance criteria for internal control effectiveness before work begins rather than after.
Assess the concentration risk building up inside internal control effectiveness.
Design the reporting on internal control effectiveness that reaches decision makers in time to act.
Establish the segregation of duties required around internal control effectiveness.
Who Should Attend
Operations staff executing and settling internal control effectiveness.
Experienced practitioners formalising an approach to internal control effectiveness that has grown up informally.
Credit and underwriting officers assessing internal control effectiveness.
Risk managers responsible for internal control effectiveness.
Board risk committee members overseeing internal control effectiveness.
Anyone whose accountability for internal control effectiveness exceeds their current formal training in it.
Course Modules
Internal control effectiveness: the control framework and segregation of duties
2 sessions · 8 pointsSession 1What internal control effectiveness does to capital and liquidity under stress
- Define acceptance criteria for internal control effectiveness in advance.
- Test internal control effectiveness against a scenario the organisation would rather not model.
- Remove steps in internal control effectiveness that add effort without adding assurance.
- Review whether internal control effectiveness is aligned with the objectives of the business line.
Session 2What to measure in internal control effectiveness and what to ignore
- Set escalation thresholds for internal control effectiveness that work out of hours.
- Establish what evidence demonstrates internal control effectiveness is under control.
- State the risk appetite for internal control effectiveness as a number, not an adjective.
- Agree the indicators that will show whether internal control effectiveness is improving.
Internal control effectiveness: audit evidence and examiner readiness
2 sessions · 8 pointsSession 1Concentration building quietly inside internal control effectiveness
- Design the exception process for internal control effectiveness and require a documented rationale.
- Confirm segregation of duties across initiation, approval and settlement of internal control effectiveness.
- Confirm that those complying with internal control effectiveness understand why it exists.
- Verify reconciliation and settlement controls covering internal control effectiveness.
Session 2Pricing internal control effectiveness for the risk actually taken
- Test the procedure for internal control effectiveness against a realistic scenario.
- Benchmark the organisation's internal control effectiveness against comparable operations.
- Review the pricing of internal control effectiveness against the risk being assumed.
- Check the accounting treatment applied to internal control effectiveness against current standards.
Internal control effectiveness: regulatory obligation and supervisory expectation
2 sessions · 8 pointsSession 1Handling a breach of policy on internal control effectiveness properly
- Reduce the variation in how internal control effectiveness is carried out between teams.
- Assess the capital consumed by internal control effectiveness under current and stressed conditions.
- Confirm client due diligence standards applied to internal control effectiveness are current.
- Review concentration by counterparty, sector and geography inside internal control effectiveness.
Session 2Building lasting competence in internal control effectiveness
- Agree who signs off internal control effectiveness and record that they did.
- Arrange the handover of internal control effectiveness so capability survives staff changes.
- List the assumptions in any model supporting internal control effectiveness and when each was last challenged.
- Close out actions on internal control effectiveness rather than leaving them open indefinitely.
Internal control effectiveness: capital, liquidity and balance sheet effect
2 sessions · 8 pointsSession 1What a supervisor will ask about internal control effectiveness, and in what order
- Set out how exceptions to internal control effectiveness are requested and approved.
- Document the remediation plan for each known weakness in internal control effectiveness.
- Set early warning indicators for internal control effectiveness with defined action thresholds.
- Map the handovers in internal control effectiveness between functions and secure them.
Session 2Reading the current state of internal control effectiveness honestly
- Establish who is informed, consulted and accountable in internal control effectiveness.
- Identify the key controls over internal control effectiveness and who tests them.
- Prepare the response for the most likely failure in internal control effectiveness.
- Confirm regulatory reporting on internal control effectiveness is complete, timely and reconciled.
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.