AUDITING & MANAGING

FOREX ACTIVITIES
Overview
This practical workshop is aimed at those who wish to
gain an understanding of the management
techniques, concepts and practices in Foreign
Exchange Management and control. This course is for
you who are auditing the bank or somehow have an
interest in the management and control of FOREX
activities. It will also appeal to Backroom staff whose
nature of work necessitates a good grasp of FOREX
and Money Market activities. This is not a general
course. It is specially tailored to suit the needs of the
Bank Internal Auditors. It provides the Auditor with the
necessary concepts, practice and program to conduct
an FX Audit. The immediate benefit in attending this
coaching session is that you get a complete Audit
Programme on FOREX.

Available Course:
25 February 2008
Singapore Carlton Hotel

Understanding the strategies for improving and

managing the risk/return profile and performance of
FOREX position is crucial for successful Treasury
Management. This coaching session includes a
conceptual overview of Treasury Management
concepts, such as line distribution, dealer correlation
and valuation of position. Key FOREX inputs and
outputs are defined using hands-on exercises with the
CFE-In-Practice Case Studies. This informative
program covers a wide range from product
knowledge, elements of risk, return and optimization,
control and FOREX risk management. In other words,
learn everything you need to know about managing a
FOREX department so that profit can be optimized
and loss can be recognized. Too many organisation
make too much profit to be lost in FOREX too quickly
too. That is why it is vital to manage your FOREX
department actively.

A BUSINESS UNIT OF THE PINNACLE GROUP INTERNATIONAL

(TPGI PTE LTD)

Methodology
This coaching by a Certified Fraud Examiner consists of a
lively series of short participative lectures conveyed using plain
uncomplicated explanations. Learning will be facilitated
through discussion and case studies. Ample coaching
materials will be given to participants so that these will be
constant source of reference to them. Ample time will be
allotted for the transfer of ideas.

Workshop Objectives
On completion of the Coaching Session, participants will be
able to:

Understand and assess the risk and return of a

FOREX portfolio
Determine the most attractive exposures from a
risk/return perspective
Determine the range and likelihood of future FOREX
portfolio values; given the range and likelihood,
determine how much equity or capital is required
Identify the major sources of concentration and
diversification in a FOREX portfolio
Assess strategies for improving performance of
treasury portfolios

Who Have Benefited

CPAs, CFAs, PhDs, ACCAs, LLBs, LLMs, Risk Managers,
Compliance Officers, Operations Mangers, Treasury
Managers, Training Managers, Relationship Managers, HR
Managers, Internal Control Officers and most Bank Internal
Auditors.

Who Should Attend

Treasury Managers

Credit Managers

Portfolio Managers

Accountants

Risk Professionals

Compliance Officers

Operations Managers

Finance Managers

Training Managers

Relationship Managers

Fraud Control officers

Research and Ratings personnel

Internal Control Officers

All Bank Internal Auditors

About Your Course Leader

TOMMY SEAH
Regent Emeritus of ACFE (Texas, USA)
World Headquarters
CFE, Forensic CPA, CMC, FCSI, FAIA, FIFA,
ACIB, MIIA, AICFA, CIOD
Member of the Singapore Institute of Directors,
Certified SOX Professional, Qualified AS5
Instructor, Certified System Investigator
Chairperson, CSI World Headquarters

ASIA'
SIA'S FIRST ACFE REGENT
REGENT EMERITUS,
MERITUS, A WORLD
WORLD--CLASS
FINANCIAL MANAGEMENT,
ANAGEMENT, FRAUD
FRAUD PREVENTION AND DIGITAL
FORENSICS INSTRUCTOR,
NSTRUCTOR, AND ASIA'
SIA'S NO.1 FRAUD BUSTER
AS WELL AS FINANCIAL ECONOMIC CRIME INVESTIGATOR!
NVESTIGATOR!

Tommy is the Independent Third Party Central Bank Compliance

Reviewer of a $25 billion asset management company. He is a
Risk Management Specialist and a member of the Global
Association of Risk Professionals (GARP). Tommy was awarded
the title of Regent Emeritus, the highest honour given any
member of Association of Certified Fraud Examiners Board of
Regents based in Texas (USA) and Only Asian to receive
such honour. CFE is a very well recognized post-graduate
professional qualification by The World Bank, The Asian
Development Bank, Bank Negara, Bank Central Philippines and
the USA Central Intelligence Agency in its recruitment of auditors
for combating Money Laundering, Terrorist Financing, Financial
Economic Crimes and Fraud.
Tommy, a Fellow Member of two internationally recognized and
leading UK Accountancy body, he holds professional graduate
diplomas from two Banking Institutes including the prestigious
Chartered Institute of Bankers (UK). In addition, he is also a
member of the Information Systems Audit and Control Association
(ISACA), Institute of Internal Auditors (USA) and the 1st to qualify
as a certified Forensic CPA in Singapore.
His technical services in providing technical training and
consultancy in AML and Basel II systems implementation is much
sought after by numerous banks in the region, including
Singapore, Germany, USA, Malaysia, China, Indonesia, Brunei,
Thailand, Philippines and Taiwan. For the past 28 years, Tommy
has trained numerous bank auditors and consulted by numerous
lawyers in the region. Financial Instruments, Foreign Exchange,
Money Market Options, Derivatives and Swaps are his special
interests. He devotes a substantial portion of his time in research
work and is presently available on retainer to selected established
banks for loss prevention consultancy. Today, he is still very much
a hands-on accountant, auditor, investigator and SOX 404
Compliance examiner.
Tommy's previous experience includes systems-based auditing in
an American International Bank, where he was the Senior
Regional Auditor responsible for the Bank's audit in the Asia
Pacific region. He has also held the top executive position of Chief
of Internal Audit in prime off shore bank where his audit duties
cover the Singapore and Hong Kong operations of the bank. His
brief covers all areas of the bank's audit of operations and IT
systems. He also has practical working experience in the
Operations Department of a foreign bank.

Programme Outline
Morning (PRODUCT KNOWLEDGE)

Is there a fundamental difference between Money

Market & Foreign Exchange Market?

Program Details
25 February 08, Singapore Carlton Hotel

Normal Fee: SGD 1300

Early Bird Fee before 25 Jan 08: SGD 1050

What is a POSITION?

Who controls the position in the bank?

What is the best practice in the management of Certification of Achievement signed by Prof. Tommy Seah &
endorsed by Pinnacle Training Academy)
TRESURY LINES?

How does Interest Rate Swaps and Currency Swaps

*Group Discount: 25% off normal fee for 2 or more sign-ups

( Fees are inclusive of Training materials, Lunch, Refreshments,

work?

Should your banks be involved in any of these?

Case Studies and discussions.

Registration Form
Please provide us with the full details of the following:
Company Name: ...............................................................

Afternoon (AUDIT)

HR / Training Manager: ......................................................

Email: .................................................................................

What is the correct audit approach?

Why use the Systems based approach for FOREX Address: .............................................................................
audit?

Postal Code: .......................................................................

Where lies the auditor's safety in a FOREX audit?

Country: ..............................................................................

What must be the FX audit focus?

Telephone: ..........................................................................

Q & A Session

Fax: .....................................................................................

Detailed Coaching Outline

Participant 1:
Name: ............................................................................................
Job Title: ........................................................................................

1.

Data requirements and sources for active FOREX

management

Email: ............................................................................................

2.

Default quantification for each obliger and utilization

and recovery in the event of default; and an overview
of the different sources for this data

Mobile: ...........................................................................................

Telephone: .....................................................................................

Participant 2:

3.

Understanding the distinction between MDDR line and Name: ............................................................................................

FX line

4.

Components of FOREX risk

Email: .............................................................................................

5.

Methods of obtaining default probabilities

Telephone: .....................................................................................

6.

Requirements for internal monitoring systems

Mobile: ...........................................................................................

7.

Probability of loss given default in a FOREX portfolio

Participant 3:

8.

Criteria for which FOREX position will be held in a

portfolio or, alternatively, sold to other investors i.e.
closing out

Name: ............................................................................................

Job Title: ........................................................................................

9.

An organization's required rate of return and its risk

appetite

10. Policy setting and implementation; investing

guidelines, monitoring performance investment
tactics, position control and management
11. Quantification of FOREX concentrations (Note: This
program will describe and use the widely discussed
CFE-In-Practice FOREX Case Studies)
Due to unforeseen circumstances, the programme may change and TPGI
reserves the right to alter the venue and/or speakers

Job Title: ........................................................................................

Email: ............................................................................................
Telephone: .....................................................................................
Mobile: ...........................................................................................

Authorisation
Signature: ......................................................................................
Name: ............................................................................................
Designation: ...................................................................................
Email: .............................................................................................
Telephone: .....................................................................................

Enquiries
For more information please contact:
Linda Lim
DID: +65 6332 9904
Email: linda.lim@tpgi.org
Analyn Fernin
DID: +65 6332 9906
Email: analyn.fernin@tpgi.org

Payment Methods & Details

Please indicate your preferred mode of payment:

Bank Transfer
Cross Cheque
VISA / Mastercard
(Online Registration Only)

American Express
(Please fill in details below)
Card Holder's Name:
Card Number:
Expiry Date:

Terms & Conditions

1. A place will be confirmed ONLY upon receipt of
your payment. Payment must be received 2 weeks
prior to the course date. TPGI Pte Ltd reserves the
right to refuse admission if payment is not received on
time. Kindly note that all prices are exclusive of
foreign taxes & 7% GST applies for Singapore
companies.
2. An additional of 4% administrative charge is
required if payment using American Express Card and
$50 SGD bank processing fee via bank transfer or
bank draft. All charges will be borne by the client.
3. Should you be unable to attend, a substitute is
welcome at no extra charge. Alternatively, your
registration can be credited to our future training
programmes (Please notify us 2 weeks prior to the
course date).
4. A full refund, less a 10% administrative charge will
be made for notice of withdrawal in writing at least 14
days prior to the training. Regrettably, no refunds can
be made for written notification received less than 2
weeks before the commencement of the training
programme.
5. TPGI reserve the right to cancel or alter the
contents and timing of the training programme of the
identity of the speaker for reasons beyond its control.

I have read and hereby agreed to all Terms and

Cardholder's Signature:

Conditions above.

Notes:

Please tick the any of the course/s offered by

Pinnacle Training Academy (PTA) which may be of
interest to you:

1. All cheques must be made payable to TPGI Pte Ltd

..............................................................................................

2. For payment by bank transfer, please quote

Auditing and Managing Forex Activities & Invoice
Number.

Financial Statement Fraud & Data Analytics Masterclass

3. The Bank Details are as follows:

Account Name: TPGI Pte. Ltd.
SGD Account Number: 101-332-203-7
Bank Details: UOB Bank, 80 Raffles Place, UOB
Plaza, Singapore 048624

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A BUSINESS UNIT OF THE PINNACLE GROUP INTERNATIONAL

(TPGI PTE LTD)

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