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Live Online Training Schedules

Now participate in a live online course for a highly discounted fee of only $850, as a limited introductory offer.
(Terms and conditions apply)
BII0411 Jan - 15 Jan, 2021Live Online$1800Register
BII0419 Apr - 21 Apr, 2021Live Online$1300Register
BII0412 Jul - 16 Jul, 2021Live Online$1800Register
BII0411 Oct - 13 Oct, 2021Live Online$1300Register

Classroom Training Schedules

BII0413 Dec - 17 Dec, 2020Dubai$3950Register
BII0411 Jan - 15 Jan, 2021London$4750Register
BII0419 Jul - 23 Jul, 2021London$4750Register
BII0411 Oct - 22 Oct, 2021Istanbul$7125Register

Did you know you can also choose your own preffered dates & location? Customise Schedule

Course Overview

Fraud and risk management is extremely crucial in any organisation. In the banking sector, it becomes even more imperative for organisations to have well-defined protocols, systems, technologies etc. outlined to function as the fraud and risk management system.

These should be well-known, understood and practised by each employee. The main focus of risk management in the banking sector is preventing financial loss. Fraud and cheating occur in areas with inadequate internal controls, and it is thus mandatory to have strong controls and regular audits.

This Zoe training course will empower you with all the information required to build, implement and sustain a robust and effective fraud and risk management system for one’s organisation.

Through this course, you would be able to clearly identify early warning signals and prevent many challenging incidents for your organisation, in turn enhancing your credibility and potential to undertake critical roles fostering growth.

Course Objectives

The key objective of this Fraud and Risk Management System in Banking Sector course is to empower professionals to—

  • understand and be aware of fraud and risks that could cause great harm and losses to financial organisations
  • be capable of handling advanced technological systems to track and record information and predict fraud or other risks to the organisation
  • define robust processes to be followed to not leave any gap in operations that could promote fraud and other activities
  • devise, document and implement organisation-wide protocols and guidelines for operations to mitigate any chances and minimise avenues for fraudulent activities, thus building a strong fraud and risk management system
  • spread awareness through training of other professionals on fraud and risk management
  • take timely and appropriate decisions in case a fraudulent activity takes place in one’s organisation, to prevent damage to property, employee safety and welfare, customer satisfaction or otherwise
  • confidently accept higher roles and responsibilities requiring close supervision of end-to-end operations to prevent fraud in one’s organisation, therefore accepting numerous opportunities for career progression
  • contribute to organisational credibility and development through successful and stringent fraud management systems
  • thoroughly understand fraud and other risks in the banking sector to handle related responsibilities in any organisation within the sector, enabling greater scope for growth

Training Methodology

Zoe Talent Solutions offers effective solutions for all training requirements across multiple industries. The training is a mixed format, including classroom sessions and practical exercises with the training audience. The course content is customisable as per the audience’s professional backgrounds and experience.

The trainer also assigns projects and other interactive tasks among the training group. Mock drills and role-plays also help in enhancing learning.

This is a very innovative approach to training defined by Zoe Talent Solutions and is used for all its courses. It is called the Do–Review–Learn–Apply Model.

Organisation Benefit

With professionals undergoing this Fraud and Risk Management System in Banking Sector training course, organisations will benefit as follows:

  • Strong fraud and risk management systems set up and managed by trained professionals
  • Complete and clear documentation of protocols and guidelines to be followed in operations to prevent fraud and other risks that could disrupt banking services
  • Application of advanced technology to maintain information and track histories of various transactions to investigate chances or sources of fraud and cheating
  • Increased organisational credibility because of better risk and fraud management and enhanced capabilities to find sources of fraud for corrective action
  • Organisational growth and development because of credibility and operational excellence
  • Continual training of employees on fraud- and risk management-related guidelines and protocols
  • Adherence with industry standards for safety of customer information and transactions and protection against fraud
  • Quick decision making and effective corrective action in a timely manner because of key functions handled by trained professionals
  • Customer loyalty and satisfaction because of the security provided through operational systems and processes
  • Protection against great financial losses because of efficient tracking and monitoring systems and effective corrective action plans

Personal Benefit

Professionals opting for this Fraud and Risk Management System in Banking Sector training course will benefit as mentioned below:

  • Detailed knowledge and updated information about all facts and figures necessary for effective fraud and risk management in the banking sector
  • Enhanced skill and confidence to work with advanced technological systems to store information and data to prevent or mitigate fraud
  • Greater abilities and information to define, document and implement stringent operational guidelines and protocols as per required standards to protect the organisation against fraud, in turn gaining appreciation and credibility with greater growth opportunities
  • Increased skill and experience to train other professionals on best practices and necessities for fraud and risk management in the banking sector
  • Improved awareness and analytical skills to identify gaps and predict chances of fraud and other risks to one’s organisation
  • Effective decision making skills in the event of fraudulent activities to devise relevant and appropriate corrective action plans, thus preventing significant financial losses to one’s organisation
  • Better potential and exposure to contribute to organisational credibility and growth as well as customer loyalty and satisfaction
  • Enhanced skillset and capabilities to undertake any role in the area of fraud and risk management, thus adding many dynamic skills and abilities to one’s professional portfolio

Who Should Attend

  • Managers and heads in organisations in the banking sector who need to understand fraud management well
  • Bankers and other executives involved in any transactional or operational function in banks
  • Legal and financial advisors who can help combat fraud or provide expert advice in the event of fraud
  • Potential shareholders who should understand the prospect of a financial institution
  • Auditors who need to ensure adherence to required guidelines and universal standards
  • Any other professional interested in understanding fraud and risk management in the banking sector in detail

Course Outline

The Fraud and Risk Management System in Banking Sector course covers the following topics regarding fraud and risk management in the banking sector:

Module 1 – Types of Banking Risks

  • Credit risk
  • Market risk
  • Operational risk
  • Liquidity risk
  • Business risk
  • Reputational risk
  • Systemic risk
  • Moral hazard

Module 2 – Broad Categories of Attacks or Fraud

  • Session stealing
  • Man-in-the-middle fraud
  • Key loggers
  • Phishing

Module 3 – Principles of Effective Fraud Risk Management

  • Fraud risk governance
  • Fraud risk assessment
  • Fraud prevention
  • Fraud detection
  • Monitoring and reporting

Module 4 – Types of Fraud Risk Management

  • Preventive fraud risk management
  • Detective fraud risk management
  • Responsive fraud risk management

Module 5 – Essential Steps in Fraud Risk Assessment

  • Plan
  • Identify
  • Assess
  • Prioritise
  • Communicate
  • Implement
  • Monitor

Module 6 – Factors Providing Opportunities for Fraud

  • Inability to judge performance quality
  • Failure to discipline fraud perpetrators
  • Lack of access to information
  • Ignorance
  • Apathy
  • Incapacity
  • Lack of audit trails

Module 7 – Fraud Prevention Mechanisms in the Banking Sector

  • Multi-factor authentication
  • Transaction monitoring
  • Employing dual or triple controls
  • Raising fraud awareness
  • Reconciling business/corporate accounts daily

Module 8 – Analytical Techniques to Detect Fraud

  • Classification
  • Statistical parameters calculation
  • Numbers stratification
  • Joining random diverse sources
  • Duplicate testing
  • Gap testing
  • Entry date validations
  • Numeric values summation

Module 9 – Benefits of a Good Fraud Management System

  • High fraud detection rates
  • Protection of customers from fraud
  • Protection of banks’ market share
  • Monitoring of user behaviour
  • Case management tools
  • Threat assessments
  • Anti-fraud measures
Online Courses
Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
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Middle East – Head Office

918, Blue Bay Towers,
Al Abraj Street (Marassi Drive),
Business Bay, Dubai, UAE

UK Office

337, Forest Road, London,
England, E17 5JR

Ph: +44 7443 559344

Join Our Team as a Trainer

We are proud to have a team of highly experienced expert training professionals from all over the world.

If you feel you have the right skills to become a part of our training team. Please use the link below.

>Apply Now

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Due to the recent COVID-19 pandemic, we've decided to offer live online webinar training classes for all of our courses.

You can participate in our training sessions with the safety & comfort of your own home or office. This helps you fulfill your learning requirements, while availing massive discount on regular course fees.

Register for a live online session now.

To register for a course, please fill the information request form on the course page, or reach us through the live chat or WhatsApp using the apps below.

Live Online Training

Now participate in a live online course for a highly discounted fee of Only $850, as a limited introductory offer.

(Terms and conditions apply)