Learning outcomes
Training Description
In the current regulatory paradigm of the banking industry, Internal Audit should play a leadership role in assisting and ensuring Supervisory and Executive Boards –therefore NED and Executive Directors– that the demanding regulatory landscape that impact banks’ business models, as well as the risk function –notably Risk and Compliance– perform their duties within a robust risk and internal control frameworks, on the top of the responsibilities Internal Audit always had within their scope of activities.
This objective becomes particularly challenging for Internal Audit, as the attention of Boards –both Supervisory and Executive– are very focused on issues resulting from new regulatory challenges in the Risk and Compliance areas, as well capital and liquidity impacting their business model. Additionally, the pressure on costs and the need to increase the headcount in Risk and Compliance functions is restricting the minimum headcount requirements of Internal Audit, the need for more demanding skills of internal auditors in areas that were not of concern in the previous paradigm, being Internal Audit often relegated to a secondary plan.
As the business model of banks develop and the regulatory framework becomes more demanding, it is critical for Internal Audit to achieve perform their duties that their Leaders learn, understand, and include in their audit plans the challenges above, redesign the strategy and tactics of Internal Audit role, develop internal auditors skills to fit the new paradigm and business models, prepare a robust narrative to discuss with boards, and assisting and ensure Supervisory and Executive Boards that the 4 Lines-of-Defence are operating efficiently and effectively.
Special features:
- Best practices
- Regulatory insight
- Case studies
- Templates and step-by-step guides
Training includes:
- Specific and exceptional educational insights combining modern theories and practical examples
- Workshop using advanced international experience and knowledge of high-level expert
- Special materials and templates for future use by the participants in their work
Training Schedule
Day one
08:30 Registration
09:00 Corporate Governance
10:30 Tea, Coffee, Refreshments & Networking
11:00 Coordinate the control function in banks
12:00 4 Lines of Defence – Leveraging Internal Audit
12:30 Luncheon & Networking
13:30 RAF – Risk Assessment Framework & Internal Control Framework
15:00 Tea, Coffee, Refreshments & Networking
15:30 The shifting paradigm of Internal Auditors
16:30 Case Study from Harvard Business School
18:00 Close of the first day
Day two
08:30 Recap and Reflections from Day 1
09:00 The impact of Regulation in the Business Model of banks
09:45 The links among Internal Audit, Compliance & Risk
10:30 Tea, Coffee, Refreshments & Networking
11:00 CyberCrime in a financial institution
13:00 Luncheon & Networking
14:00 Audit Plan
15:00 Team–Work
16:30 Workshop Summary / Key Challenges
Feedback, Discussion, Course Evaluation and Q & A17:00 Close of the second day
Training Program
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Get to know the Expert Trainer
Prof. Doctor Duarte Pitta Ferraz is a Professor of Finance and Governance at NOVA – School of Business and Economics and at Nottingham Business School, a Statutory Auditor, and an Independent Non-Executive Director at EIB—European Investment Bank (Audit Committee), Infraestruturas de Portugal (Supervisory Board and Audit Committee), Banco BIC Português (Board of Directors, and Audit and Governance Committees), as well as member of the Privatization Committees of TAP—Air Portugal and CTT – Portugal Postal Service. Has published scientific papers at Measuring Business Excellence, Corporate Ownership & Control, and IJBEX – International Journal of Business Excellence about governance issues. Has chaired various audit committees.
Previously was Managing Director (MD) of Banco Comercial Português (20 years) and a member of the Corporate and Investment Banking Committee, as well as member of the Board of Directors (BoD) and of the Executive Committee of the BAFT – Bankers Association for Finance and Trade (Washington, DC). Also member of the BoD and executive committees (Nova Bank ‒ Greece, Bank Europa ‒ Turkey, Banco Millennium Angola, SOFID ‒ Development Bank. Also, MD of Private Banking and a member of the Private Banking and Asset Management Executive Committee, general manager of Corporate and Business Banking, and head of Corporate Investment Banking.
Partner at Dias, Ferraz & Associados, SROC (Deloitte in Portugal – 9 years) and Director of Internal Audit for North America of Philip Morris USA (4 years).
Who should attend?
Members of the Board, Chief Audit Executives, Chief Auditors, Chief Internal Executives, Chief Internal, Auditors, Audit Committee Members, Chief Risk Officers and Chief Financial Officers. As well as
Senior Vice Presidents (SVP), FVPs, EVPs, Vice Presidents, Managing Directors, Executive Directors, Directors, Leads, Heads, General Managers & Senior Managers OF:
- Internal Audit
- Audit
- IT Audit
- Fraud
- Risk
- Investigations
- AML
- Money Laundering Reporting
- Financial Crime
- Compliance
- Fraud Investigation
- Quality Assurance
- Security
- Corporate Audit
- Fraud Prevention and Detection
- Corporate Security
- Audit Methodologies
- Audit Processes
- and many more…
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FAQ
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
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