Aims:
Fraud figures high on the list of operational risks that face all banks and financial institutions. This course will look at recent events to see two very clear examples of massive frauds – Bernard Madoff and Satyam. There are of course many others, but these two stand out because of their size and linkage to the present continuing financial crisis.
How would you fare if your bank or organization was faced with a fraud? In fact could you even identify a fraud in your working environment? Are you maximizing your staffs’ potential to reduce fraud and error in your systems? A major by-product of the current financial crisis is the number of frauds which have come to light – frauds that had been running for years.
“Risk Management - Focus on Fraud” is a 2-day intensive course on fraud; what fraud is and how it presents huge challenges for banks, requiring them to radically modify behavior and increase their vigilance in many of the traditional risks associated with banking activities.
This course provides a clear introduction to the world of fraud risk management and shows how it affects bank and customer alike. This two-day course exposes participants to how modern fraud activities are altering their risk profile.
Learning Objectives:
- Understand the human dynamic – How greed and fraud fit into this fraud pattern.
- Understand and identify the key fraud indicators and red flags.
- Understanding operational risk – The big picture and the element that fraud represents in the operational risk continuum.
- Learn how to position your organization to successfully manage the ever-present fraud problem.
- Successful strategies and approaches to managing fraud risk.
Who Should Attend :
- Senior Bank Executives
- Risk Managers
- Operations Managers
- Business Managers
- Supervisory Staff
- Internal and External Auditors
- Operations Officers
- Business Managers
- Compliance Officers
- I.T. Applications Providers Serving Financial Institutions
- Consultants and Professionals Serving the Financial Services Industry.
Methodology:
This is a highly interactive course comprised of PowerPoint presentations, case studies, multidirectional discussions and exercises.
AGENDA:
| Day One (8:30 AM – 4:30 PM) | Day Two (8:30 AM – 4:30 PM) | ||
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Registration Process: 8:30 AM – 9:00 AM Session Start Time: 9:00 AM We begin with an introduction to define some basic concepts, principles and associated issues after which we begin our examination of fraud. Day one includes a number of pertinent case studies. Fraud & Operational Risk
What is Fraud?
The Fraud Triangle
Fraud – Nuts & Bolts
Fraud in Financial & Banking Services
High Tech Crime
Cheque Fraud
Case Study - Fraud Schemes in Nigeria
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Fraud Prevention & Internal Controls – Part I
Case Study – Satyam
Fraud Prevention & Internal Controls – Part II
Using Computer-Assisted Auditing Techniques to Detect Fraud
Fraud Prevention - The Role of the Compliance Officer
Case Study – Bernard L Madoff Investment Securities
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Meet Your Instructor
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Richard Barr Operational Risk & Back Office Specialist Richard Barr , holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 23 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and Cross Border Banking. The past 14 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe. Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff members from the Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank and Bank of Portugal have attended training sessions presented by Richard. |
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Your registration for the seminar is subject to following terms and conditions. If you need any clarification before registering for this seminar please call us @ +1-888-717-2436 or email us @ [email protected]
Payment:
Payment is required 2 days before the date of the conference. We accept American Express, Visa and MasterCard. Make checks payable to MetricStream Inc. (our parent company).
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Written cancellations through fax or email (from the person who has registered for this conference) received at least 10 calendar days prior to the start date of the event will receive a refund — less a $200 administration fee. No cancellations will be accepted — nor refunds issued — within 10 calendar days before the start date of the event.
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We discourage onsite registrations, however if you wish to register onsite, payment to happen through credit card immediately or check to be submitted onsite. Conference material will be given on the spot if it is available after distributing to other attendees. In case it is not available, we will send the material after the conference is over.
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