Course on the Culture of Internal Controls in Banks for Heads of Central Functions and Regional Directors

Introduction

The 15th Update to Bank of Italy Circular 263 has revised and reinterpreted the internal control system in banks. The new rules identify the proper functioning of corporate governance as the basis for an adequate corporate organization to ensure sound and prudent management and, therefore, a complete and functional internal control system.

The Update requires credit institutions to adopt a specific policy containing procedures for the internal control system for Human Resources Management, aimed at ensuring that staff have the skills and professionalism necessary to fulfill their assigned responsibilities. Therefore, in addition to the organizational and technical challenges faced by all corporate functions in relation to their roles, it is essential, as well as necessary, to disseminate an integrated "Internal Control Culture" within Italian banking organizations, at all hierarchical levels, that takes into account industry best practices as well as the institution's specific characteristics.

recipients

Members of the Board of Directors, members of the Board of Statutory Auditors and Area Functions: Compliance, Anti-Money Laundering, Risk Management, Internal Controls and Internal Auditor.

Program

1 MODULE
The bank's control and governance system and risk management policies.
Roles and responsibilities for risk monitoring and management.
The RAF in the corporate system.
Risk Management activities.

2 MODULE
Management of individual risk types (credit, market, operational, interest rate, liquidity, reputational, strategic, IT, tax risk, etc.).
Risk analysis in commercial banks.
Risk identification and mapping process.
Credit risk management.
The financial risks.
Operational risks.
Other second pillar risks (strategic and business, reputational, IT, etc.).
Integrated strategic risk management within the Risk Appetite Framework.

3 MODULE
The Internal Control System in the corporate governance system.
The risk management function.
The compliance function.
The internal audit function.
Management and control of tax risk (notes).

Certificate of attendance

At the end of the course, participants will receive a Certificate of Attendance, certifying their attendance.