Course Description
This comprehensive 5-day course provides in-depth knowledge on auditing and managing foreign exchange reserves. Participants will learn essential processes for identifying, measuring, and prioritizing risks associated with reserves management. The course covers central bank reserve management, audit procedures, and risk control strategies.
Learning Objectives
- Understand the key principles of foreign exchange reserve management
- Master audit processes for central bank reserves
- Develop skills in risk assessment and control for reserves management
- Learn best practices in compliance and performance measurement
- Gain insights into strategic asset allocation and portfolio management
Course Modules
Day 1: Introduction to Foreign Exchange Reserves Management
- Overview of foreign exchange reserves
- Objectives and importance of reserves management
- Regulatory framework and governance
- Key stakeholders in the reserves management process
Day 2: Risk Management in Foreign Exchange Reserves
- Types of risks in reserves management
- Risk identification and assessment techniques
- Developing a risk management framework
- Risk mitigation strategies
Day 3: Audit Process for Foreign Exchange Reserves
- Audit objectives and scope
- Planning and conducting audits
- Evaluating internal controls
- Reporting audit findings and recommendations
Day 4: Performance Measurement and Compliance
- Key performance indicators for reserves management
- Benchmarking and performance evaluation
- Compliance monitoring and reporting
- Best practices in transparency and accountability
Day 5: Strategic Asset Allocation and Portfolio Management
- Principles of strategic asset allocation
- Portfolio construction and optimization
- Active vs. passive management strategies
- Emerging trends in reserves management
Practical Wins for Participants
- Develop a comprehensive risk assessment framework for reserves management
- Create an audit plan tailored to foreign exchange reserves operations
- Design a performance measurement system for reserves management
- Formulate a strategic asset allocation plan for a central bank portfolio
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
