Understanding and Auditing Investments and Derivatives

MIS Training Institute (MISTI)
Training overview
3 days
2,695 USD
Next start date: 10/26/2020 - Boston

Course description

Understanding and Auditing Investments and Derivatives

In the period immediately following the financial crisis, many investments products and derivative contracts perceived as being responsible for much of the pain experienced during the downturn fell out of favor almost universally. However, many of these once-dormant instruments and trading strategies are being revived in the post-crisis period, and financial engineering is once again producing alternative structures and positions with new risk/return profiles. Internal audit, compliance and risk management are being challenged to keep up with these developments to ensure that the proper investment and hedging processes and controls are in place to prevent another financial debacle.

This three-day seminar will provide the necessary insights to effectively evaluate the instruments, contracts and trading strategies employed by financial professionals as well as the front/middle/back office processes necessary to execute optimal investment and hedging positions. A broad variety of fixed income, equity, and alternative investments will be described, and examples of common trading and hedging strategies will be deconstructed. The regulatory and accounting implications of complex securities and hedge effectiveness testing will be presented to explain the impact that these factors have on implementing trades.

Industry-specific case studies related to both investments and derivatives will be evaluated to illustrate the potential for risk at both the institutional and systemic level. Throughout the course, specific audit approaches and test steps will be presented to ensure that delegates are developing stronger tools to evaluate the controls and processes necessary to effectively utilize a wide variety of investment instruments and derivative contracts.

COVID-19 Update

In light of COVID-19, this provider is now delivering some or all of their courses online. Contact them for more information!

Who should attend?

Internal and external auditors; risk managers and middle office managers; investment auditors and accountants; investment compliance officers; financial institution regulators and bank examiners

Prerequisites

Fundamentals of Internal Auditing (OAG101), Bank Internal Audit School (OAP385) or equivalent experience

Training content


  1. Introduction to Investment and Derivative Processes
  2. Investment Products and Instruments
  3. Derivatives for Risk Management
  4. Forward-Oriented Derivative Contracts
  5. Option-Oriented Derivative Contracts
  6. Swap Contracts
  7. Central Clearing Requirements
  8. Controlling Investment and Derivative Risks
  9. Accounting for Derivatives

Certification / Credits

Completion of this course is worth 24 CPE Credits

About MISTI

MIS Training Institute

MIS Training Institute (MISTI)

With offices in London and Boston, MISTI is the global leader in IT audit, audit and information security training. Founded in 1978, MISTI has gained experience through training more than 200,000 delegates across five continents.  MISTI has made it their...


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MIS Training Institute (MISTI)


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Reviews

Average rating 4.7

Based on 3 reviews

Matt D.
(4)
I thought the course was good, however the material was more focused on the understanding aspect and not so much on the auditing. I would have liked some practical examples on ways you can use audit procedures on investment and derivatives.
Joanne, G, First Republic Bank
(5)
Informative, thorough, topics were being tied to actual situations/experiences. Overall, met my objectives and exceeded expectations.
Megan, G, AAM
(5)
Overview of basic investment and derivative products/concepts and the risks/controls for which Internal Audit should look.
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