The Essential Guide to Treasury Security and Controls

Building a secure treasury environment

Course overview

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 procedure

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

Middle office controls

• Risk analysis and reporting
• Reporting procedures

Role of the accounting function and audit of electronic payments

• Electronic and manual security methods
• Electronic web dealing

Market codes of conduct

Electronic payments and system controls

• Authorisation
• Audit trails
• Environment
• Impact of new technology

Instrument risks and structured derivatives

• Some extreme examples of control issues

Control in a multinational environment

• Controlling subsidiaries
• Special situations

Detection of fraud - how controls can break down in practice

• What went wrong in high-profile cases

War story

• Examples from real life

Four case studies

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 treasury dealing or involved with treasury transactions

Trainer

• Brian Welch FCT, FCMA, FCIS. Patricia M Scott FCT, FCCA.