Learning outcomes

Training Description

The current banking regulatory paradigm requires Internal Audit and its Chief Audit Executive, as the 3rd Line-of-Defense, to play a leadership role in assisting and ensuring Supervisory and Executive Boards (Non-Executive and Executive Directors) to perform their roles and responsibilities. The new demanding regulatory landscape impacting banks’ business models, including restrictions resulting from demanding capital and liquidity requirements (CAR – Capital Adequacy Ratio and LCR – Liquidity Coverage Ratio), IFRS 9, and lending capacity adjustments resulting from RWA – Risk Weighted are notably relevant challenges.

Objectives and role of Internal Audit become particularly challenging, as 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, namely in areas that were not of concern in the previous paradigm. As a lateral impact, Internal Audit faces often restrictions in supporting Non-Executive and Executive Directors in performing their roles.

Therefore, is critical for the Chief Audit Executives to develop a vision, strategy and tactics to build negotiation arguments to allocate talent, time and resources to a rigorous and robust audit plan. This requires redesigning Internal Audit strategy and tactics, prepare a robust narrative to discuss with Supervisory and Executive Boards, and ensure that the 4 Lines-of-Defense are operating efficiently and effectively.

Training Schedule

Day one

  • 8:30 Registration

  • 8:45 Welcome & Introductions

  • 9:00 Corporate Governance

  • 10:30 Tea, Coffee, Networking

  • 10:45 Coordinate the control function in banks

  • 12:00 4 Lines of Defence – Leveraging Internal Audit

  • 12:30 Luncheon

  • Auditing Risk Appetite and Internal Control Frameworktransformation impact business models and value chain project

  • 13:30 RAF – Risk Assessment Framework & Internal Control Framework

  • 14:30 The shifting paradigm of Internal Auditors

  • 15:30 Tea, Coffee, Networking

  • 15:45 Case Study from Harvard Business School

  • 17:00 Feedback, Q&A

  • 17:30 End of Day 1

Day two

  • 8:30 Recap & Reflections from Day 1

  • Auditing Compliance and the Business Model

  • 9:45 The links among Internal Audit, Compliance & Risk

  • 10:30 Tea, Coffee, Networking

  • 12:30 Luncheon

  • Strategic reflection – The change of the Internal Audit Business model

  • 14:30 Team–Work

  • 16:00 Workshop Summary / Key Challenges Feedback, Discussion, Course Evaluation and Q & A

  • 16:30 End of Day 2

Training Program

Request detailed Agenda - FIIA MasterClass - Best Execution for Internal Auditors in Financial Institutions

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Get to know the Expert Trainer

Prof. Dr Duarte Pitta Ferraz
Prof. Dr Duarte Pitta Ferraz Professor (Finance and Banking) - NOVA – School of Business and Economics & Nottingham Business School | Independent Non-Executive Director- European Investment Bank (Audit Committee) Portugal

Prof. Dr Duarte Pitta Ferraz is a Professor of Governance & Banking at NOVA – School of Business and Economics and at Nottingham Business School, Doctor of Business Administration (Nottingham Trent University, UK), as well as a Portuguese Statutory Auditor (ROC), and member of the Continuous Professional Development Committee of the Portuguese Institute of Chartered Accountants & Statutory Auditors (‘OROC’).

Holds positions as Independent Non-Executive Director at: EIB – European Investment Bank (Chairman of the Audit Committee), Infraestruturas de Portugal (Supervisory Board and Financial Matters Committee), Banco BIC Português (Board of Directors, Audit and Internal Controls Committee, and Governance Committee), GESTMIN SGPS (Audit Committee), and member of the Privatisation Scrutiny Committee of TAP – Air Portugal. Member of the jury of IRGA – Investors Relations and Governance Awards sponsored by Deloitte.

Published scientific papers about corporate governance, mergers and acquisitions and audit in Emerald – Measuring Business Excellence, Int. J. Business Excellence, and Corporate Ownership & Control. Member of Harvard Business Review, and McKinsey Quarterly advisory boards. Speaker at numerous conferences abroad.

Previously worked at Banco Comercial Português (20 years) as Managing Director (international division, investment and corporate banking, and private banking) and member of boards of directors and executive committees (Bank Europa Turkey, Nova Bank Greece, SOFID Development Bank, Banco Millennium Angola). Member of the Global Board of Directors and Executive Committee of BAFT – Bankers Association of Finance and Trade (Washington, D.C.), as well as its co-Chairman for Europe. Vice-Chairman of Portugal-China Chamber of Commerce. Worked at Deloitte and Philip Morris North America (13 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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  1. Get the timing right.
    Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture.
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    a) How this event will increase your productivity?
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You might find free to attend events which are usually organized by a solution/service provider within the industry. Unlike at free to attend events, on a paid event you will find more diverse industry knowledge rather than presentations related to services or solutions.
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In case you are busy on 1 of the days, you certainly can split the 2 day conference with one of your colleague. All you need to do is send us an e-mail to booking[at]glceurope.com
We understand that not all senior-level professionals might be available on the dates. As the event is an annual event, most of the attendees try to postpone their engagements or send a small group from their teams to benefit from the conference.

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