2008 courses

Fraud Risk Management in e-banking

Theme:
Real World solutions for creating Best-practice risk management and fraud control in e-banking

Date:
August 16th - 22nd, 2008

Location:
Ontario, Canada

Fees:
£2,250 per participant

Course Focus and Features:

New business risks, governance, globalization and the continuing demands of senior management for value-added services, customers incessant request for real time services all combine to make the job of policing and protecting the bank assets and resources more and more difficult.

This 7 day workshop is a roadmap to developing and maintaining a risk and audit department that is poised to meet the challenges of the evolving e-business environment. With this training you will build on the key responsibilities of all those involved in protecting your financial institution in its fight against fraud and risks. You will review related regulations and cover controls that every financial institutions should consider.

 

What you will learn:

1. Fraud Defined
What constitutes fraud
The fraud triangle: opportunity, pressure and rationalization
The cost of fraud to the financial world
Internal and external crime
Typical traits of a fraudster identifying the potential problem

2. Credit Card Fraud
The credit card system: how it works
Fraud schemes and scams
The internet and a whole new breed of criminal
Card features that help protect you
Establishing internal controls

3. ATM and Debit Card Fraud
Current trends in atm and debit card fraud
Where to build the ATMs: important security features
Financial institutions defenses
Identity theft

4. Control Framework
Making it work
The risk department(s), and equivalent
Relation with External Audit; Regulators; Investors; Others
Support functions overview
Credit control; Financial Control; Compliance (Financial Crime/Money Laundering); Internal Audit

5. Credit Risk
Control Structure for Credit
Policy; Procedures; Grading system; Graduated system of approved authorities;
Market sector controls
Effective credit controls covering:
Information; Analysis; Control; Classification; Management; Reporting; Collateral
Reporting system
Credit Review
Achieving and maintaining skill levels
Compliance Function

6. Market & Liquidity Risk
Policy governing:
Nature of risks that may be undertaken,
Types of financial instruments that may be used,
Methods whereby risks are controlled in line with policy,
Appropriate structures including ALCO
Appointment of persons with appropriate skills,
Independent measurement, reporting and control,
Appropriate procedures:
Including mark to market procedures and
Use of Value at Risk (VAR) models with approved methodology, and Other controls:
Including position limits and loss tolerances,
Scenario based stress testing to calculate impact of extreme market conditions,
Cash flow mismatch methodologies, etc.

7. The New Basel Capital Accord (Basel II)
Realigning the regulation with the economic realities of the global banking markets
New capital adequacy framework replaces the 1988 Accord
Improving risk and asset management to avoid financial disasters
"Sufficient assets" to offset risks
The technical challenges for both banks and Supervisors
How much capital is necessary to serve as a sufficient buffer?
The three-pillar regulatory structure
Purposes of Basel II
Scope of the application