Finance & Accounts

FA 15 Internal Controls for Financial Institutions

Internal Controls for Financial Institutions

Minimise operational risks and ensure compliance through appropriate processes and controls

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Who should attend?

  • Regulatory authorities in Banking, Insurance, Pensions and Capital Markets
  • Executive and non-executive Board and committee members
  • Company secretaries
  • Shareholder representatives
  • Senior managers and executives
  • Corporate lawyers
  • Marketing specialists
  • Institutional investors
  • Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Course Code: F/A.15
Subject: Finance
Course Fee: £795
Duration: 4 Days
Venue: London School of Economics UK

Learning Objectives

By the end of the course delegates will be able to:

  • Describe key risk management and internal control concepts
  • Apply  the main industry frameworks and standards which influence internal controls
  • Assess the effectiveness of their organisations internal controls
  • Demonstrate to and guide executives and management in the establishment of an appropriate control environment
  • Understand the effective usage of internal controls

Course Content

Internal Controls in the Context of Today’s Corporate Governance

  • What is Corporate Governance?
  • Why is it different for financial institutions?
  • Internal controls as a mechanism for controlling risks
  • Board and senior management responsibilities for internal controls and the establishment of a control culture
  • US Sarbanes Oxley Act 2002 and its requirements for monitoring and annual reporting on internal controls effectiveness

Main Components and Principles of Internal Controls

  • The definition and purpose of internal controls
  • The five components of the original COSO internal controls framework
  • Integration of the original COSO control framework into COSO Enterprise Risk Management framework (ERM)
  • Linking COBIT to COSO – Information technology framework and internal controls

Financial Sector Regulators and Internal Controls

  • The three categories of objectives for internal controls
  • COSO internal controls framework – the expanded 2013 revision
  • The new seventeen principles – practical application to provide comprehensive controls
  • The strong link between Basel II operational risk management and COSO
  • Inherent limitations of internal controls

The Control Environment

  • The vital first step – establishing the management tone at the top and an institution-wide code of conduct reflecting integrity and ethical values
  • Board and management’s delegation of authority
  • Commitment to competence – attracting, developing and retaining the right human resources
  • Performance measures, incentives and rewards

Types of Internal Controls

  • Risk appetite and strategy established by the Board and risk response strategies
  • Control activities, internal controls, responsibilities and uses through the eyes of different stakeholders
  • Inherent and residual risks
  • Reporting and assurance

LISD Workshop Special GROUP Package Highlights:

(prices applicable to a group of minimum 8 persons)
*Maximum 15 persons will be enrolled in each workshop

  • 4 Days + 3 Nights Programme
  • Programme Registration with the invoice
  • 2 Scientific Knowledge-sharing sessions
  • Certificate of Participation signed by the authorities
  • 3 Night-accommodation in B&B (Double accommodation)
  • 2 Networking Dinners
  • 3 Lunches
  • 3 Networking Tea/Coffee
  • Airport Group-Pick & Drop Service
  • City Crawl
  • Group Excursion- Famous Tourist Attractions

Generic Schedule:

4 Days/ 3 Nights Programme

Day 1:
Hotel Group Pick-up Service from the nearest Airport to the Bed & Breakfast (Hotel)
Check-in: (between 2:00-4:00 pm)
City Crawl includes Takeaway Lunch and Coffee
(1st Night)

Day 2:
Interactive Learning Sessions: 9:00 am – 4:00 pm
Includes 2 Tea Breaks + Lunch
7:30 pm Networking Dinner
(2nd Night)

Day 3:
Interactive Learning Session/ Award Ceremony: 9:00 am- 1:00pm
Includes 1 Tea + Lunch
Excursion: 2:00-7:00 pm
Networking Dinner: 7:30 pm
(3rd Night)

Day 4:
Hotel Check-out at 10:00 a.m
Luggage can be Deposited in the Hotel
Free to Shop and Roam (independently)
Back to the Hotel at least 3.5 hours before the flight
Group Drop-off to the Airport

Register Per Person

Workshop Venue Full 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxes Credit/Debit Card
University of Oxford, U.K GBP 1350 Register Now Register Now
University of Cambridge, U.K GBP 1350 Register Now Register Now
King’s College London, U.K (University of London) GBP 1350 Register Now Register Now
University of Edinburgh, U.K GBP 1350 Register Now Register Now
London Institute of SD – Learning Center GBP 1145 Register Now Register Now
Baku, Azerbaijan GBP
Istanbul, Turkey GBP
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