Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised whic
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Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised whic

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Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal ...

Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised which cater for all eventualities - categorised by terms such as business, operational and reputational risk.
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Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised whic Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised whic Document Transcript

  • CFE-In-Practice 111Tampines Road Unit No. 07-01 Singapore 535133 SINGAPORE 24 Hours FRAUD Reporting (65) 9106 9872 Website: http://www.cfe-in-practice.com CFE-In-Practice Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory FOREX Management Audit 9 & 10, March 2009 By Tommy Seah FCPA, ACIB, CFE,CSI, Member IBBM,MSID OVERVIEW How a French Bank could missed a 5 Billion Euro FRAUD in FOREX and FUTURES Trading? This course is aimed at those who wish to gain an understanding of the management techniques, concepts and practices in Foreign Exchange Management and control. This course is for you who are auditing the bank or somehow have an interest in the management and control of forex activities. It will also appeal to Backroom staff whose nature of work necessitates a good grasp of FOREX and Money Market activities. This is not a general course. It is specially tailored to suit the needs of the Bank Internal Auditors. It provides the Auditor with the necessary concepts, practice and program to conduct an FX Audit. The immediate benefit in attending this coaching session is that you get a complete Audit Programme on FOREX. Understanding the strategies for improving and managing the risk/return profile and performance of forex position is crucial for successful Treasury Management. This coaching session includes a conceptual overview of Treasury Management concepts, such as line distribution, dealer correlation and valuation of position. Key forex inputs and outputs are defined using hands-on exercises with the CFE-In-Practice™ Case Studies. This informative program covers a wide range from product knowledge, elements of risk, return and optimization, control and forex risk management. In other words, learn everything you need to know about managing a Forex department so that profit can be optimized and loss can be recognized. Too many organisation make too much profit to be lost in Forex too quickly too. That is why you need to manage your Forex department actively. OBJECTIVES AND BENEFITS IN ATTENDING On completion of the Coaching Session participants will be able to: • Understand and assess the risk and return of a Forex portfolio • Determine the most attractive exposures from a risk/return perspective • Determine the range and likelihood of future forex portfolio values; given this range and likelihood, determine how much equity or capital is required • Identify the major sources of concentration and diversification in a Forex portfolio • Assess strategies for improving performance of treasury portfolios Day One - (PRODUCT KNOWLEDGE) Is there a fundamental difference between Money Market & Foreign Exchange Market? What is a POSITION? Who controls the position in the bank? What is the best practice in the management of TREASURY LINES? How does Interest Rate Swaps and Currency Swaps work? Should your banks be involved in any of these? Case Studies and discussions.
  • CFE-In-Practice 111Tampines Road Unit No. 07-01 Singapore 535133 SINGAPORE 24 Hours FRAUD Reporting (65) 9106 9872 Website: http://www.cfe-in-practice.com CFE-In-Practice Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory Day Two (Forex AUDIT) What is the correct audit approach? Why use the Systems based approach for forex audit? Where lies the auditor’s safety in a forex audit? What must be the FOREX audit focus? DETAIL COACHING OUTLINE • Data requirements and sources for active Forex management • Default quantification for each obligor and utilization and recovery in the event of default; and an overview of the different sources for this data • Understanding the distinction between MDDR line and FX line • Components of Forex risk • Methods of obtaining default probabilities • Requirements for internal monitoring systems • Determining quantum of loss given default in a Forex portfolio • Criteria for which Forex position will be held in a portfolio or, alternatively, sold to other investors i.e. closing out • An organization's required rate of return and its risk appetite • Policy setting and implementation; investing guidelines, monitoring performance investment tactics, position control and management • Quantification of Forex concentrations (Note: This program will describe and use the widely discussed CFE-In-Practice™ FOREX Case Studies) METHODOLOGY This coaching by a Certified Fraud Examiner consists of a lively series of short participative lectures conveyed using plain uncomplicated explanations. Learning will be facilitated through discussion and case studies. Ample coaching materials will be given to participants so that these will be constant source of reference to them. Ample time will be allotted for the transfer of ideas. Who Should Attend This program is designed for Internal Auditors,Bank Operations Manager, Treasury Managers, Credit Managers, Portfolio Managers, Risk Managers, Accountants, Compliance Officers, Islamic Operations Managers, Training Managers, Relationship Managers, Fraud Control Officers, Research and Ratings personnel, Internal Control Officers, All Bank Internal Auditors. Who have we trained? CPAs, CFAs, PhDs, ACCAs, LLBs., LLMs, Risk Managers, Compliance Officers, Operations Managers, Treasury Managers, Training Managers, Relationship Managers, HR Managers, Internal Control Officers and most Bank Internal Auditors.
  • CFE-In-Practice 111Tampines Road Unit No. 07-01 Singapore 535133 SINGAPORE 24 Hours FRAUD Reporting (65) 9106 9872 Website: http://www.cfe-in-practice.com CFE-In-Practice Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory Tommy is someone that you would like to meet and to know. Straight talking, sincere, kind, helpful and without pretences, he is truly a man of strong conviction and blessed with many practical talents. First and foremost, he is a World Class hands-on accountant He has worked as an Accountant for some of the largest companies in the world. He is a tried and tested accountant with a very firm grip on financial products. Because of his grip on the subject matter, his services in providing technical training is much sought after by numerous banks in the region, including Germany, Singapore, Malaysia, China, Indonesia, Philippines and Taiwan. Tommy's other professional achievements would have been the objects of envy for many of his peers. Some of the better known fact is that he is the only Singaporean that sits on the ACFE Board of Regents in Texas, USA. In the year 2006, his strategic management skills were put to the test and his contribution was duly acknowledged when he was elected the ACFE Board of Regents, Vice- Chairman. Based in Austin, Texas, ACFE is the best recognised and largest Fraud Examination Body in the world. While in Singapore, he also help founded the CSI World Headquarters, a Digital Forensics Certification body. To this day, he is the Chairperson Emeritus for the CSI World Headquarters. His previous work experience includes systems based auditing in an American International Bank, where he was the Senior Regional Auditor responsible for the Bank's audit in the Asia Pacific region. He has also held the top executive position of Chief of Internal Audit in a prime offshore bank where his audit duties cover the Singapore and Hong Kong operations of the bank. He covers all areas of the bank's audit of operations and IT systems. He also has hands-on practical consulting work experience in many different global AAA financial institutions. Private Coaching SessionCourse Fees Closing Date: 10 February 2009 Course Fees: US$2669/- per pax Discounts are available for group bookings. Second Participants from the same bank pays US$1969/- only Registration after 10th Feb, 2009 pays US$3269/- per pax Please call CFE-In-Practice Hotline for further details Telephone : (65) 9106 9872 (Please note that accommodation and air-fare is not included in the course fees.) All T/T payment must be remitted: DBS Bank, Shenton Way, Singapore Current A/c No. 022-900202-8 Account Name: CFE-IN-PRACTICE
  • CFE-In-Practice 111Tampines Road Unit No. 07-01 Singapore 535133 SINGAPORE 24 Hours FRAUD Reporting (65) 9106 9872 Website: http://www.cfe-in-practice.com CFE-In-Practice Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory RE GIS T RATI O N FO RM F O RE X M an ag em e n t Au di t Ber j aya Tim e Sq u ar e B u si n es s Cen t r e 9 & 10, March 2009 Program Time: 9:30am to 5:00pm Participant’s Name: Dr/Mr/Mrs/Ms……………………………………………………………………………………………………. Designation in Organisation:………………………………………………………………………………………………………….. Organisation’s Name: Organisation’s Address:………………………………………………………………………………………………………………. Participant’s Email:……………………………………………………………………………………………………………………… Contact Phone No.:……………………………………………………………………………………………………………………… Fax No.: Contact Person’s Name: I have read and understood and agree to all the booking terms and conditions Signature……………………………………….. Date Important Notice Payments are required with registration and must be received prior to the Coaching Session to guarantee your place. Walk-in delegates will only be admitted on the basis of space availability at the Coaching Session and with immediate full payment. Cancellations & Transfers If you are unable to attend, a substitute delegate is welcome at no extra charge. Please provide the name and the title of the substitute delegate at least 2 days prior to the program. A refund less 10% administrative charge will be made cancellation received in writing 10 working days before the program date. A complete set of program documentation and a 50% refund will be given for cancellation made 3 working days before program date. Regrettably, no refund can be made for cancellation made on and or after program. A complete set of documentation will however be post to you. The organizer reserves the right to make any amendments and/or changes to the programme, venue, speaker replacements and/or topics if warranted by circumstances beyond its control.