FIIA 2018 – Best Execution MasterClass & Workshop for Internal Auditors in Financial Institutions

In the current regulatory paradigm of the banking industry; Internal Audit should play a leadership role in assisting and ensuring Supervisory and Executive Boards –therefore NED and Executive Directors– that the demanding regulatory landscape that impacting banks’ business models; as well as the risk function –notably Risk and Compliance; as well as IFRS 9 requirements - perform their duties within a robust risk and internal control frameworks; on the top of the responsibilities Internal Audit always had within their scope of activities. As the business model of banks develop and the regulatory framework becomes more demanding; it is critical for Internal. Audit to achieve perform their duties that their Leaders learn; understand; and include in their audit plans the challenges above; redesign the strategy and tactics of Internal Audit role; develop internal auditors skills to fit the new paradigm and business models; prepare a robust narrative to discuss with boards; and assisting and ensure Supervisory and Executive Boards that the 4 Lines-of-Defence are operating efficiently and effectively.