Auditing Treasury and Market Risk (ATM)

“ATM” is designed to equip participants with the knowledge required to audit the two highly specialised functions – treasury and market risk. It focuses on the business conducted in treasury, associated risks and the appropriate controls and structures that should be in place to assist in the efficient use of resources and the prevention of unexpected losses.

Course Objectives
Upon completion of this program, participants will:

• have considerable knowledge of the treasury function, its objectives, structure, products and services
• be able to better appreciate the market risk and asset-liability management (ALM) functions
• be empowered to identify and evaluate risk-prone areas in the treasury function and franchise
• also be empowered to assess the efficacy of the market risk and ALM functions
• fully understand the risk control assessment of treasury and market risk functions as the basis for the preparation of audit programs

Duration – 3 Days

Overview of the Treasury Function
Structure and Strategy, Treasury Products

Overview of Financial Markets
Primary and Secondary Market Activities, Participants and Roles

Risks in Treasury
Market, Interest Rate, FX, Liquidity, Operational, Credit

Treasury Dealing Room and Key Control Tools
Roles & Responsibilities of Front, Middle & Back Offices

Organisational Structure of a Bank’s Treasury
Overview of Asset and Liability Management, Elements of ALM, ALM Organisation and Strategy, Identification, Measurement, Control and Monitoring and Reporting processes

Treasury Internal Controls
Control Framework, Processes and Procedural Manuals, Preventive and Detective Controls, Control Fundamentals & Activities, Monitoring and Reporting Standards

Treasury Audit
Audit Planning & Procedures, Risk Assessment, Documentation & Reporting

Internal Audit Checklist Development
Dealing Room Functions, Market Risk