Bank Internal Audit School - MIS Training

Global Leader in 

Audit, Risk, Fraud and Security Training 

Bank Internal Audit School 

Understanding banking, the associated risks and 

how to control them 

Dubai, UAE 

5 day course 11 - 15 December 2011 

Course Director 

John Porter 

John Porter, BA ACA is a chartered 

accountant, banker and financial services 

consultant specialising in internal audit, with 

more than 20 years’ experience in these fields. 

Earn 37 CPE credits 

• 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 

“This is a very good & 

elaborate course 

necessary & to sharpen 

internal audit skills” 

Senior Manager, 

FBN Plc, Nigeria 

Group Discounts 

“Well presented and 

well summarised 

content” 

Senior Auditor, 

Caylon Bank 

• 2 bookings same course - 5% off 




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̌ The highest and most recognisable standard for educational training 

̌ UK Border Agency Approved 

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UP TO 50% 

WITH IN HOUSE 

TRAINING 

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Web: mistieurope.com/training Email: training@mistieurope.com Tel: +44 (0)20 7779 8454


Understanding banking, the associated risks and 

how to control them 

Dubai, UAE 

5 day course 

11 - 15 December 2011 

Course focus and features 

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. 

Course Director John Porter 

John Porter, BA ACA 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 London-based Investment Management Division of HSBC Asset 

Management, and the fundamental re-engineering of the conduct of this Division in liaison with 

management and regulators.) The audit of support functions for retail banking, investment banking 

and credit card operations, in particular Risk Management, Operations/Settlement, Finance, Treasury, 

Asset & Liability Management, Tax, Human Resources, Legal and Compliance. 

Underpinning the conduct of product and support function audits, supporting the audit process 

itself, he is an expert in many aspects of internal audit methodology, including the following: 

• The risk-based planning process (from set up of the risk-ranked Audit Universe to monitoring the 

execution of the Annual Audit Plan against budget) 

• Audit report and issue tracking methodology, the escalation process, and influencing the “tone at the top” 

• Evaluation of the effectiveness of the audit process 

• Effective auditing techniques and methodologies 

• Effective report writing and other communication skills 

• Knowledge management methodology 

• Roll out of the Institute of Internal Auditors Professional Practices Framework 

• Roll out of a Code of Ethics. 

John is an Associate of the Institute of Chartered Accountants in England & Wales (ACA) and holds a 

BA Honours degree in History from Bristol University. Based in Amsterdam, he speaks fluent English 

and is proficient in Dutch. 

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. 

Who Should Attend 

Internal audit staff, external audit staff 

Prerequisite 

Some knowledge of basic audit techniques and also of the financial market would be an advantage. 

Learning Level Intermediate 

Advanced Preparation None 

Training Type Group-Live 

Fee GBP £2,995 

CPEs 37 

In-House Training - Save up to 50% when you run this course in-house 

In-house tailored training will enable you and your colleagues to make significant savings as we charge per day and not per participant so the cost 

remains the same regardless of how many people attend. We can offer any of our public courses or tailor them to your requirements. Training is available 

in all areas of Internal Audit, IT Audit, and IT Security. 

If you have six or more colleagues who would be interested in one of our courses and you would like to make significant savings, contact us now: 

Email Guy Cooper at gcooper@mistieurope.com or call +44 (0) 20 7779 8456 

You will have complete control of the training content and decide when it is run. We guarantee that we will be able to cater for all your business needs.

Day One 

Day Two 

Day Four 

How to audit a bank 

• Planning 

• Materiality 

• Risk appetite 

• The risk assessment exercise 

• Fraud and money laundering deterrence 

responsibilities 

• The relationship to external audit 

• Home/host regulation 

• Branch and representative office audits 

• Introduction to the Basel Accord 

Case study / exercise: Prepare a audit 

planning memorandum 

Deposits and deposit taking 

• How are banks funded 

• Current accounts 

• Deposit accounts 

• Retail funding 

• Customer identification 

• The customer recording process 

• Payments in and out of deposits 

• Dormant accounts 

• Notice accounts 

• Reporting deposits 

• Key risk issues within deposits and deposit 

taking 

Case study / exercise: Develop an audit 

programme for deposits and deposit taking 

Funds transmission and clearing services 

• Payment mediums 

• Bulk paper clearing 

• Cash and debit cards 

• Credit cards 

• Internet banking 

• ATM machines 

• SWIFT and international payments 


programme for funds transmission and 

clearing services 

Personal lending 

• The customer 

• Connected lending 

• Overdrafts 

• Personal loans 

• Mortgage lending 

• Retail customer analysis 

• Credit scoring 

• Use of external agencies 

• Know your customer 

• The drawdown process 

• Reporting personal lending 


programme for personal lending 

Corporate lending 

• The customer 

• Connected lending 

• The credit application 

• Rating agencies 

• Project finance 

• Structured lending 

• Sovereign debt 

• Reporting corporate lending 

Case study/exercise: Develop an audit 

programme for corporate lending 

Branch banking 

• What roles are conducted at a branch? 

• The nature of the audit work to be conducted 

• Review of branch records 

• Human resources issues 

• Compliance issues 

• Reporting and management 


programme for a retail bank branch 

Security and provisioning 

• Introduction 

• Fixed charges 

• Floating charges 

• Life policies 

• Guarantees 

• Indemnities 

• Mortgages 

• Provisioning 


programme for security and provisioning 

Investment banking 

• Long term finance 

• Venture capital 

• Debt financing 

• Underwriting 

• Structured finance 

• Due diligence processes 

• Documentation and liability 

• Income generation 


programme for investment banking 

Trade finance and finance of trade 

• What is trade finance 

• Bills of exchange 

• Promissory notes 

• Export credits 

• Factoring and forfeiting 

• Invoice discounting 


programme for trade finance and for finance 

for trade 

Day Three 

Foreign exchange 

• Calculation of foreign exchange rates 

• The foreign exchange market 

• The language of foreign exchange 

• Spot rates and cross rates 

• Systems of accounting 

• International accounting standards 

• Principles of valuation 


programme for foreign exchange 

Forward contracts 

• Calculation of forward foreign exchange rates 

• Advantages and disadvantages 

• Positions and hedging 

• Spot and forward transactions 

• Principles of valuation 

• Forward rate agreements 

• Forward – forward contracts 

• International accounting standards 


programme for forward contracts 

Dealing and the dealing room 

• The difference between the 

trading book and the banking book 

• The deal process 

• Telephone dealing 

• Electronic dealing 

• Controls and the control environment 

• The Basel rules on operational risk 

• Compliance and general 

conduct 


programme for dealing and the dealing room 

Futures and the futures market 

• Introduction to financial futures 

• Futures exchanges 

• Types of futures contracts 

• Quotation of futures contracts 

• Margin accounting 

• Confirmation and control 


programme for futures and the futures 

market 

Day Five 

Options and the options market 

• Introduction to options 

• Types of options contract 

• Premiums, margin and exercise 

• Option terms 

• Option payoffs 

• Confirmation and control 


programme for options and the options 

market 

Swaps and the swaps market 

• Interest rate swaps 

• Currency swaps 

• Credit derivatives 

• Weather derivatives 

• Advantages of swap structures 

• Pricing a swap 

• Credit risk and collateral 

• ISDA documentation 

• Hedging and hedge accounting 

• Control and confirmation 

Case Study/Exercise: Develop an audit 

programme for swaps and the swaps market 

Private Banking 

• The services of a private banker 

• Asset management 

• Offshore bank accounts 

• Politically exposed persons 

• Key risks in personal banking 

Case Study/Exercise: Develop an audit 

programme for private banking 

© MIS Training 2011 



Global Leader in 

Audit, Risk, Fraud and Security Training 


Understanding banking, the associated risks 

and how to control them 

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11 - 15 December 2011, Dubai, UAE 

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with over 30 years experience and having trained over 200,000 delegates 

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mark of educational quality. BAC is recognised by the UK Border Agency 

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Bank Internal Audit School - MIS Training

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