CERTIFIED RISK BASED AUDIT

FOR TRADING ENVIRONMENTS

TRAINING SCHEDULE

No scheduled dates

Available as an in-house training

OVERVIEW

Causal Capital has been successfully delivering Risk Based Audit masterclasses across the Gulf for several years now and many of the auditors we work with ask about how to apply a Risk Based Audit to a trading environment front to back.

 

Additionally, new central bank compliance requirements (including but not limited to Basel III, ICAAP Stress Testing, Asset Liability Management, AML Control) for the trading book require specific interest for auditors to clamp down on miss-selling. This has made treasury departments and trading floors prime targets for regulatory enforcement.

WHO SHOULD ATTEND

Auditors, compliance and risk staff wishing to access how a trading unit identify and respond to risk.

KEY LEARNING POINTS

  • Develop an audit plan for the entire trading environment, taking in the following departments: Sales, Dealing, Market Risk, Counterparty Risk, Middle Office, Trading Platform Management, Back Office, Netting and Collateral Unit, Settlement, Finance and Product Design.

  • Develop a contextual map that will help you audit these areas of a trading environment, whether you are a bank, investment fund or large treasury unit.

  • Address key risks: Rouge Trading, Malpractice, Fraud, Unethical Selling, Instrument Design Flaws, Market Risk Cover and change of risk appetite.

  • Learn how to identify sources of risk, best practices for control assessment and much more.

This program is worth 40 CPE credits by field of study:

Audit:

Finance:

Statistics:

Business Management & Org: 

Mathematics:

12 CPE credits

10 CPE credits

  8 CPE credits

  6 CPE credits

  4 CPE credits

This course is certified by:

*LSBF certification is only applicable when both Part I & Part II modules are completed.

AGENDA

SESSION 1

  • Risk Based Audit Framework

  • Trading Environment Risk Taxonomy

  • What is Minimum Practice

  • Rules & Regulation Impacting Traders

  • Coherently Measuring Risk

  • Risk Maturity in Trading Environments

  • Case Studies where Treasury Units
    are Falling

  • Planning to Audit Treasury

SESSION 2

  • Financial Instruments Part I

  • Deal Valuation

  • Measuring Market Risk

  • Measuring Counterparty Risk

  • DV01, PV01 and ALM

  • Stress Testing

  • New Trends in Risk Reporting

  • Financial Instruments Part II

  • Treasury Accounting & IFRS

SESSION 3

  • Establish Context for a Treasury Audit

  • Mapping for Treasury

  • Develop a Risk Registry Front Office

  • Develop a Risk Registry Back Office

  • Ethical Issues in the Front Office

  • Assessing Risk Appetite

  • Integrated Risk Reporting

  • ISDA and Contracts Deep Dive

  • Sources of IT / Cyber Risk in Trading

SESSION 4

  • Monte Carlo and Measuring Trading Risk

  • Types of Trading Controls

  • Assessing Controls Front to Back

  • Assessing Trading Culture

  • Case Study on Trading Control Failure

  • Case Study on Testing Adherence to Risk

  • Case Study on Stress Test Coverage

  • Review Risk Reports in line with Audit

  • Sample Audit Report

SESSION 5

  • Audit Modelling Sysytems

  • What to Sample in a Trading Audit

  • Single, Dual and Multi Factor Test

  • Type Errors and Audit False Positives

  • Testing for Trader Performance

  • Key Risk Indicators & Continuous Audit

  • Deep Learning Systems & Data Mining

  • Housing Audit Data

  • Test, Q&A & Support

QUICK OVERVIEW

A complete run through of this exciting masterclass

INDUSTRY EXPERT

Mr. Rahul Sil

Mr Rahul Sil is a quantitative risk manager who has risk managed linear and non-linear products across both Markets and Treasury functions. He has a proven track record in identifying, quantifying monitoring and mitigating complex Market and Counterparty Credit risks.

Rahul has a deep understanding of Market and Liquidity risks in Asia, involvement in stress testing and also developing hedging strategies for FI, FX/FX options, Prime Services, Equity Derivatives, Precious Metals and Group Treasury businesses for large and small Asia companies.

Detailed experience in financial and structured trade modelling • Deep understanding of trading environment front to back • Gobal leader in Market Risk for Exotic & Non-Linear Products • Extensive exposure to emerging markets • Build models and risk framework from the ground up • Front Office Risk Management Experience • Trading Policy Capabilities

BROCHURE REQUEST

 

CHAT WITH YOUR ADVISOR:

                    MLADENKA VUCHKOVA                  RIYADH    

                           Professional Development Advisor

Mladenka@causalcapital.org       +44 20 7097 1580

                    NENAD SPASOVSKI                         MUSCAT  

                           Professional Development Advisor

Nenad@causalcapital.org      +44 20 3575 1034

OR  LEAVE US A MESSAGE:

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