The Essential Guide to Treasury Security and Controls
02 December - 03 December 2008
London
Building a secure treasury environment
Who will benefit?
- Treasury managers and controllers
- Internal and external auditors
- Those with responsibility for treasury but without prior hands-on treasury experience
- Anyone working in a treasury dealing room or dealing with treasury transactions
Course outline
This interactive two-day course takes participants through the process of building a secure treasury environment, from the creation of a framework of policy and delegated authority through to how treasury should be organised to ensure maximum control of its activities. Participants will learn about front, middle and back office functions, external and regulatory requirements and controls and security essential to managing the use of technology within treasury, as well as debating the key issues of control failure. The course draws on real examples where controls have been weak or have collapsed, illustrating the absolute importance of a well-controlled treasury.
Programme
Policies, Organisation Structures and Skills
- Scope of treasury activity
- Policy, delegation of authority
- Corporate governance
- Control environment
- Responsibilities at each level
- Effective monitoring
- Control procedures
Front Office Controls
- Implementing policies
- The London Market
- Use of limits as a control
- Dealing procedures
Back Office Controls
- Confirmations and settlements
- Reconciliations and reporting
- System management
Role of the Middle Office
- Risk analysis and reporting
- Reporting procedures
Role of the Accounting Function and Audit of Electronic Payments
- Electronic and manual security methods
- Electronic web dealing
Control Aspects of Treasury Systems Access
- Authorisation
- Audit trails
- Environment
- Impact of new technology
Derivatives
- Some extreme examples of control issues
- Controlling subsidiaries
- Special situations
- What went wrong in high-profile cases
- Examples from real life
Control in a Multinational Environment
Detection of Fraud – How Controls can Break Down in Practice
War Story
Four Case Studies
Trainers
Patricia M Scott FCT, FCCA
Brian Welch FCT, FCMA, FCIS
For more information contact: mmcdonnell@treasurers.org
