Fraud Awareness for Financial Institutions

  • Fraud Awareness for Financial Institutions

    Make your managers better aware of fraud and how to minimize fraud risk at your financial institution

    An excellent one-day fraud primer for developing and implementing an anti-fraud program specifically at banks and other financial institutions, Fraud Awareness for Financial Institutions engages participants in an absorbing learning experience to develop familiarity with the practical aspects of fraud detection and prevention at banks, investment firms, credit unions, insurance companies, and other financial services providers.

    Whether you are a bank executive, auditor, accountant, senior financial executive, financial services operations manager, loan officer, regulator, examiner, or even branch manager, this invaluable seminar provides you with essential coverage of:

    How fraudsters exploit weaknesses in financial services organizations

    How fraudsters think and operate

    The tell-tale signs of different types of internal and external fraud against financial services companies

    Detecting corruption schemes such as bribery, kickbacks, and conflicts of interest, and the many innovative forms of financial records manipulation

    Conducting a successful fraud risk assessment

    Basic fraud detection tools and techniques for financial services companies, auditors, and investigators

    Fraud prevention lessons from the financial meltdown of 2007-2008

    Taught by a Certified Fraud Examiner and Certified Fraud Control Manager, this effective one-day training session is filled with interactive exercises, case studies, and post-module quizzes, and also shares industry-tested methods for detecting, preventing, and reporting fraud.

    Course Summary

    Course Duration: 1-Day

    Recommended Follow-On Sessions

    • Corporate Fraud Prevention and Detection
    • Advanced Interview Techniques for Investigating Internal Fraud and Abuse

    Continuing Professional Education (CPE) Credit
    8 cpeUpon course completion, we will provide you with an achievement certificate for 8 continuing professional education (CPE) credits that can be used to fulfill requirements for maintaining a variety of professional credentials for fraud examination, accounting, auditing, and information security.


    Format: Instructor-Led Class (1 Day)

  • Recommended Attendance by Position
    • Bank executives
    • Accountant
    • Senior financial executive
    • Financial services operations manager
    • Loan officer
    • Regulator
    • Examiner
    • Branch manager
    • All operations department heads
    • Internal fraud investigators / examiners
    • Human resource managers
    • Security managers
    Why should these people attend?
    Because they all lead, share, or support various roles and responsibilities that are crucial for controlling fraud within an organization.

    Course Prerequisites
    This course will explore various business processes and environments to help you better understand how to prevent and detect fraud within your organization. Prior business is experience is recommended, but not required.
  • Fraud Awareness for Financial Institutions Content Outline:

    Module 1: Why No Financial Services Institution Is Immune to Fraud

    • Statistical Perspective.
    • What Is Fraud?
    • Myths and Realities about Financial Services Fraud
    • Review Points
    • Collaborative Class Module Quiz

    Module 2: The Human Element of Fraud

    • Who Are the Bad Guys?
    • Insider Threat
    • The Fraud Triangle
      • The Fraud Triangle in Financial Services
      • Pressure at Lehman: An Extreme Example
      • Opportunity and Rationalization
      • Rationalizing High-Level Fraud
    • A Fraud Diamond?
    • Review Points
    • Collaborative Class Module Quiz

    Module 3: Internal Fraud: Loan and Mortgage Fraud Basics

    • Loan Fraud (Nonresidential Mortgage)
    • Mortgage Fraud
      • Types of Internal Mortgage Fraud to Beware Of
      • Red Flags of Employee-Level Loan and Mortgage Fraud
      • Preventing Employee-Level Loan and Mortgage Fraud
    • Review Points
    • Collaborative Class Module Quiz

    Module 4: Employee-Level Embezzlement

    • Looting Customer Accounts
    • Looting Non-Customer Funds
    • Theft of Confidential Information
    • Insider Abuse of Computer Systems
    • Red Flags of Employee-Level Embezzlement
    • Preventing Employee-Level Embezzlement and Information Theft
    • Review Points
    • Collaborative Class Module Quiz

    Module 5: Internal Fraud: Management Level

    • Looting and Embezzlement
    • Illegal Financial Transactions/Corruption
    • Fraudulent Financial Reporting
    • Deceiving Borrowers, Investors, and Regulators
    • Red Flags of Management-Level Internal Fraud
    • Management-Level Fraud Prevention Checklists
    • Review Points
    • Collaborative Class Module Quiz

    Module 6: External Fraud against Financial Services Companies

    • Externally Perpetrated Loan Fraud (Non-mortgage)
    • Externally Perpetrated Mortgage Fraud Schemes
    • New Forms of Identity Theft and Fraud
    • Red Flags of External Fraud
    • External Fraud Prevention Checklists
    • Review Points
    • Collaborative Class Module Quiz

    Module 7: Conducting a Successful Fraud Risk Assessment

    • Getting It Done
    • Procedures for Conducting a Fraud Risk Assessment
    • Roles of the Board and Management in Fraud Risk Assessments
    • Review Points
    • Chapter Quiz

    Module 8: Legal and Regulatory Compliance for Controlling Fraud Risk

    • Fraud Rules to Take Seriously
    • Hypothetical Case: Compliance and Info Security
    • Develop and Implement a Response Program
    • Future Regulation: A Prediction
    • Review Points
    • Collaborative Class Module Quiz

    Module 9: Fraud Detection in Financial Services Companies

    • Basic Detection Methods
    • Advanced Fraud Detection Tools and Techniques
    • Essentials of Fraud Auditing in Financial Institutions
    • Essentials of Automated Auditing
    • Review Points
    • Collaborative Class Module Quiz
  • This training is provided by private on-site engagement only,
    for as little as $500 per participant.

    Request Proposal