Title |
INVESTMENT AUDITS AND RISK REVIEWS FOR BETTER GOVERNANCE |
Date |
11 – 12 December, 2012 |
Duration |
2 Days |
Level |
Intermediate / Advance |
Time |
9.00 am to 5.00 pm |
Venue |
Seri Pacific Hotel Kuala Lumpur
Jalan Putra
50746 Kuala Lumpur
Malaysia
Tel (603) 4042 5555
Fax (603) 4041 7236
E-mail: resv@seripacific.com
http://www.seripacifichotel.com
|
Trainer |
1. Ms. Vijayam Nadarajah
|
About Programme |
AIG in the USA, Bank of England and other companies suffered huge investment losses forcing companies to close, seek bailout and focus on risks. There is clearly a need to identify, assess, evaluate and manage investment risk extra carefully. FRS 139 focuses on fair value accounting of financial instruments to ensure fair value accounting in profit and loss statements and balance sheets. Under the Risk Based Capital Framework, company investment risks should commensurate with capital. Equity, credit bonds, derivatives and financial instruments carry various risks that require controls. Corporate behaviors, risk appetite and people risk have to be tracked or managed. All of the above require wholesome reporting to Boards on investments to clearly understand investment risk for informed decision making.
Investment activities are protected with prudent risk appetite and compliance with internal and external guidelines is critical. Internal auditors are tasked to report on assurance that internal controls are in place, risk is managed, and investment portfolio is safeguarded. Investment governance, internal audit and risk reviews reports are intended to inform Board and management on investment exposures, impact on capital, compliance and assurance on risk management but whether it does correctly and comprehensively depends on quality of audits, reviews and reports.
Liquidity, capital requirement, profitability and product packaging and feasibility directly or indirectly have a bearing on investment activities. Fraud risk, control failures and appropriateness of processes affect investment performance, company reputation and add to exposures. Internal auditors and risk managers are tasked to report on these too.
Therefore to understand investment activities and performance a range of issues have to be studied. This course is tailored to provide the necessary skills and a broad based perspective on investment for internal auditors, risk managers and investment personnel
|
Key Learning Outcomes |
- Learn the essentials of good investment management,
- Learn significant risks, controls, processes, and structures for investment,
- Understand how investment decisions affect capital requirement ( RBC Framework),
- Learn critical investment reporting issues,
- Spotting Red Flags.
|
| Course Content |
Module 1 – THE GOVERNANCE FRAMEWORK FOR INVESTMENT
- 1.1 Roles, Responsibilities and Accountabilities of Audit, Risk and Investment Committee, Investment Chief and Investment function.
- 1.2 Organization Structure, Reporting Lines and Functions
Module 2 – INVESTMENT ACTIVITIES
- 2.1 Trading, Settlement and Reporting Activities
- 2.2 Research, Credit Analysis and Portfolio Monitoring
- 2.3 Funding, Liquidity, Asset Liability Management
- 2.4 Overview of FRS 139, FRS140 and others
Module 3 – RISK BASED CAPITAL FRAMEWORK & STRESS TEST
- 3.1 Investment Risk and Capital Requirements – An Overview
- 3.2 Stress Tests and Criteria for Investment
Module 4 – INVESTMENT MANAGEMENT, OPERATIONS AND CONTROLS
- 4.1 Assessing the Effectiveness of Risk and Internal Control Frameworks
- 4.2 Red Flags
- 4.3 Plugging Loopholes
Module 5 – CASE STUDIES
In this module real life case studies would be discussed on various aspects investments.
|
| Who Should Attend |
- Investment staff at all levels,
- Finance staff at all levels,
- Internal auditors,
- Compliance Officers and Managers,
- Risk Officers and Managers.
|
Fees Category |
Course Fee Per Person |
|
LOCAL |
INTERNATIONAL |
| Single Registration |
RM 1340 |
USD 600 |
Group Registration |
20% Discount will be given to the fourth and subsequent registration |
