Treasury Security, Control and Audit Course

Learn how to build a secure treasury environment step-by-step, in this highly interactive two-day course.

IS TREASURY SECURITY TRAINING RIGHT FOR YOU?

Yes, if you are:

  • an internal or external auditor
  • a group treasurer, treasury manager or, controller
  • on a board of directors, or responsible for treasury but without lacking prior hands-on treasury experience, 
  • working in treasury dealing or involved with treasury transactions
  • if you’re involved with the review and control of treasury activities in corporate organisations, the public sector, or not-for-profit organisations. This course also touches on these issues for banks and financial institutions.

WHAT WILL YOU GAIN FROM TREASURY SECURITY TRAINING?

This highly interactive two-day course will take you through the process of building a secure treasury environment. It covers all the essentials, from the creation of a framework of policy and delegated authority, to the way treasury should be organised to ensure maximum control of its activities. You will learn about front, middle and back office functions, regulatory requirements, controls and security essential to managing treasury and you will debate the key issues of control failure.

You will learn how to create a secure environment in which treasury transactions can be managed and carried out with minimum risk of fraud or error. You will, be able to judge the adequacy of any security arrangements and make or recommend necessary changes. You will also learn how to effectively plan and execute a risk- based treasury audit that adds value and helps identify early warning signals of potential problems.

TREASURY SECURITY, CONTROL AND AUDIT COURSE STRUCTURE

This two-day treasury control course goes into quite a lot of detail, covering the following topics:

Policies, organisation structures and skills

  • Scope of treasury activity
  • Structure of a typical corporate and bank treasury
  • Policy; delegation of authority
  • Control environment and procedures

Front office controls

  • The London market
  • Use of limits as a control
  • Dealing procedures
  • Electronic web dealing

Middle office controls

  • Risk analysis
  • Reporting
    • Typical reports
    • Reporting procedures
    • Purpose

Back office controls

  • Confirmations and settlements
  • Reconciliations and reporting
  • System management
  • Authorisation

Treasury risks (includes risks in the dealing operation)

  • Human
  • Operational
  • Market and credit risks
  • Cyber risks
  • Risk mapping
  • Risk implications of performance reporting

Derivatives (overview and purpose)

  • Forwards and futures
  • FRAs
  • Options
  • Swaps
  • Documentation (e.g. ISDAs) 

Dealing disasters and lessons to be learnt

  • Detection of fraud – how controls can break down in practice
  • What went wrong in high-profile cases (Barings, Societe Generale, UBS)
  • Recurring problems highlighted

Auditing treasury

  • Audit universe
  • Treasury jargon
  • Methodology
  • Risk based assurance plans
  • Terms of reference – quality of internal audit coverage
  • Evaluating findings and assessing their significance
  • Value adding audit report (style, structure, information, clarity, language)
  • Actively reassess audit plan and adapt the audit process

Tackling audit challenges

  • Staff interviews at all levels of management and operations
  • Critical review of strategy, policy, objectives, procedures and guidelines
  • Review of treasury organisation and dealing processes
  • Warning signals and what to look for

Corporate governance

Explore the duties of the board and management:

  • The UK Companies Act 2006 and the UK Corporate Governance Code
  • Treasury risk committees/role of ALCO in banks
  • Reporting treasury performance

Treasury management systems

  • Internal controls – basic principles
  • Security violations (including cyber fraud)
  • Audit trail
  • Capacity and capability
  • Key interfaces
  • Disaster recovery and business continuity

WHAT YOU GET ON THE DAY
Join us for a truly inspiring training session. Training courses are delivered in a safe environment for you to ask questions and learn practical skills you can immediately apply back in the work place. You’ll meet like-minded people and hopefully make some great contacts too. And we’ll look after you from the word go, offering booking, travel or accommodation advice and a warm welcome on the day.
FRIENDLY

We’re committed to making you feel welcome, you only need to ask

CATERED

From great food to stationery we’ve got it covered

PRACTICAL

Useful handouts are supplied so you can refer back at any time

MEET YOUR TRAINER

Photos - ACT trainer: Raj GandhiRaj Gandhi, FCT

Raj is a fellow of ACT and the ACCA, and has worked for SMEs and multinationals across the financial services, energy, and retail sectors. He has also been a practitioner member of the ACT examination board. Raj became a trainer in 2009 and has since built up a strong reputation for being commercial with proven ability to deliver effective learning with real life cases. Before this career move, Raj was CFO of London Capital Group Holdings plc, global treasury audit manager for Royal Dutch Shell plc and Man Group plc, and group treasurer.

BUY YOUR TREASURY SECURITY COURSE

Dates and location:

31 October - 1 November 2017, London

Fees:

ACT members, students and CPD accredited employers: £1,500 + VAT

Other treasury/accountancy body members: £1,600 + VAT

Non-members: £1,700 + VAT

Discounts:

Early bird discounts - book four weeks before to save 15% on the course fee *

Group discounts - if three or more people from the same organisation book onto any ACT training course, they qualify for 25% off the combined course fee *

* see terms and conditions

Buy training course

BOOKING FOR YOUR TEAM?

We can also deliver this corporate treasury security, control and audit training course to companies with teams that are interested in taking the course, tailoring it to your business needs. Find out more about in-company solutions here.