Auditing financial products: risks and controls
15.4.2026 - 15.4.2026
variabilní symbol: AJ2602
URČENO PRO
Internal Auditors Risk Managers Compliance Officers Treasury Auditors Financial Controllers Investment Analysts Derivatives Auditors Heads of Internal Audit Operational Risk Professionals Regulatory and Supervisory Staff
CÍL SEMINÁŘE
Understand the structure and risk characteristics of key financial products including FX, fixed income, and derivatives.
Identify and assess the different types of financial risks and the role of effective hedging strategies.
Evaluate internal controls and risk management frameworks related to financial instruments.
Apply auditing techniques to review risk measurement tools such as VaR, stress testing, and scenario analysis.
OBSAH SEMINÁŘE
This intensive half-day course, Auditing Financial Products, delves into the distinct responsibilities of the front, middle, and back office in treasury and banking, highlighting the controls necessary for trade execution, risk management, reconciliation, and settlement.
Participants will explore key product categories and associated risks, such as foreign exchange (FX), fixed income, and derivatives, and learn how these instruments are used in financial markets. By the end of the course, participants will be better prepared to audit complex financial products and contribute to strengthening risk governance within their organizations.
1. Introduction to Financial Instruments & Risk Management
- Overview of financial instruments: FX products, fixed income, and derivatives
- Importance of risk management in financial markets
- Risk Categories & Risk Management Practices
2. Front, Middle, and Back Office – Roles & Responsibilities
- Front Office: trade execution, pre-trade checks, trader responsibilities
- Middle Office: risk management, valuation, compliance, client reporting
- Back Office: reconciliation, settlement, cash account controls, static data maintenance
3. Risks and Controls - How to audit Financial Products
- Foreign Exchange Products: Spot, Forward, Swaps and Options
- Fixed Income/Interest Products: Loans, deposits and bonds, IR Swaps and future
- Derivatives: Options, futures, and swaps: mechanics and applications
- Equity Products: Types of shares and structured products
4. Risk Measurement & Monitoring Techniques
- Value-at-Risk (VaR) and stress testing approaches
- Scenario analysis and backtesting methodologies
- Role of risk control frameworks in financial institutions
5. Case Study: Societe Generale – Jerome Kerviel
ROZVRH SEMINÁŘE
09:00 - 13:00
Isabella Arndorfer
Isabella Arndorfer
Isabella Arndorfer is a seasoned Internal Audit and Governance expert with over 20 years of experience in the financial sector. She has held senior roles, including Internal Audit Manager at the Bank for International Settlements (BIS) and the International Monetary Fund (IMF), where she conducted and led audits across various departments, specializing in internal controls and corporate governance. Her expertise spans financial regulation, risk management, and corporate governance, making her a key figure in ensuring compliance and operational efficiency within financial institutions.
In addition to her auditing career, Isabella has been an influential lecturer on internal audit and governance, contributing to central bank seminars in Asia, Europe, and at the University of St Gallen. She is also lecturer at the IIA Slovenia and ISACA Oman. She has played a key role in governance improvement initiatives for the Middle East and North African regions as a member of the MENA OECD Competitive Initiative. Her publications, including works on risk management, governance, and audit practices, highlight her deep knowledge and contributions to the field of internal audit and governance.
In 2023, she founded the training platform www.cpetrainer.com and has been providing freelance consultancy services in audit, risk management, compliance, and governance through her company, www.ia-advisory.com.
Isabella holds a Master’s degree in International Management from ESADE, a degree in Business Administration from the University of Economics in Vienna, and several prestigious certifications, including Certified Internal Auditor (CIA), Certified Financial Services Auditor (CFSA), and Certified Control Self-Assessment (CCSA). She is fluent in multiple languages, including German, English, and Spanish, with working knowledge of French and Russian, and is also a trained mediator for conflict resolution.
For further details please refer to this site: https://www.ia-advisory.com/cv/
Cena semináře
Cena člen (webinář): 2 900,- Kč bez DPH (3 509,- Kč s DPH)
Cena nečlen (webinář): 3 400,- Kč bez DPH (4 114,- Kč s DPH)