The Credit Management & Operations Audit

Internal auditors should always focus on the most significant risks that can impact the achievement of the strategic objectives rather than to uncover all “risks” big or small. The solutions should also address the root causes rather than treating the effects or symptoms of any significant problems.

Although compliance or regulatory risk is a subset of risk management and the recent hefty penalties by regulators on banks have made regulatory risks rise to the forefront of every risk management exercise, banks require a comprehensive enterprise-wide and easily-understandable system or framework to manage all significant risks whether regulatory or otherwise. 

This course enables the professional internal auditor to comprehensively assess the existing and new risks such as brought by the Covid-19 and ESG regulations as well as acquainting the attendees with integrating credit audit methodology with the latest cutting-edge approaches recommended by the Institute of Internal Auditors.

Objectives:

At the end of this course, you are expected to be able to:

• Apply the principles of an integrated internal control framework to an end-to-end internal audit process on credit management and credit operations.
• Recalibrate your credit strategy following the new risks brought about by the pandemic.
• Systematically assess the implementation of the measurements of credit risk in accordance with the Basel 2.
• Assess and recommend improvements to integrate the governance, risk management, information and review activities in the credit approval and monitoring (value-chain) functions.
• Train new auditors and the internal audit team to systematically and consistently carry out their duties and roles effectively towards the correct internal audit objectives.
• Enable the credit internal audit function to become trusted advisors to the functions they audit.
• Audit the credit function’s compliance with the new ESG regulations.