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Effective Auditing for Trade Finance Operations
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    17 – 18 June 2019

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School
    This programme has been designed to help internal and external auditors understand trade finance practices, controls, issues and risks exposure areas. The programme will use a combination of experiences and recommended solutions as well as examples to emphasise key learning points. Participants will gain overall the know-how and skills in identifying risk exposure areas and apply recommended solutions.
    LEARNING LEVEL
    Intermediate
    PROGRAMME FEE

    AICB MEMBER

    MYR

    2,500*

    / PAX

    NON-MEMBER

    MYR

    3,000*

    / PAX

    *Subject to 6% Service Tax

  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Relate how trade products work
    • Identify the risk exposure areas in relation to the various products and services used in trade finance operations
    • Apply the approach and techniques used by Bank Negara Malaysia (BNM) and external auditors
    • Classify potential frauds and risks caused by customers and internal staff
    • Distinguish operational risks and issues in trade operations
    • Propose effective ways in managing the findings
    PROGRAMME OUTLINE
    Trade Products and Services
    • Features of trade products and services
    • Areas of weakness
    • Remedial and / or proactive measures to curb the shortcomings in trade products

    Scope of Audit
    • Areas of audit preferred by BNM and external auditors
    • Techniques used by BNM and external auditors
    • Techniques of checking and looking for findings and issues in trade operations

    Audit Findings
    • Types of findings
    • What is a material finding?
    • What are risk exposure findings?
    • List of severe findings that an auditor should focus on
    • Common findings across global trade processing / operations

    Audit Management
    • Near missed cases
    • Operational loss
    • Reporting methodology
    • Revenue leakages
    • Reminders sent periodically
    • Risk monitoring

    Preventive Tools in the Mitigation of Audit Findings and Repeat Findings
    • Master checklist
    • Self-audit checklist
    • Treatment of operational loss
    • Performing RCA – Root Cause Analysis
    • Data confidentiality
    • How does it work?
  • Methodology

    Stimulating lectures, real life examples, FAQs, group discussions, sharing of experiences and case studies

  • Participant Profile
    Auditors (internal and external), those preparing for credit exams and members of staff from credit, trade, risk and compliance
  • Trainer

    Haji Muhammad Imran Raja

    Haji Imran has more than 28 years of experience in the banking and finance industry. His expertise covers trade sales, trade operations as well as training and development. He has vast experience in conducting training programmes in areas that include Letters of Credit, Trade Finance Facilities, Demand Guarantees, being an effective Trade Manager, International Trade Finance and Structured and Warehouse Trade Financing.

    He has worked for various international banks since 1990 including HSBC and Standard Chartered Bank. He was Head of Training and Development at Scope International where he set up the Technical Training and Development division, and for 10 years, managed their Trade Business Operations covering the Asia Pacific region, UK and US as their Senior Manager.
    Haji Imran is a Certified Documentary Credit Specialist (CDCS), Specialist in Demand Guarantee (CSDG) and a Senior Associate of IBBM (now known as AICB). He also holds a Master's degree in Business Administration specialising in Finance from the Multimedia University. He has been a Member of the Investigating Tribunal Panel for Advocates and Solicitors Disciplinary Board (Bar Council Malaysia) since 2005.

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