Audit and Foreign Exchange Reserves Management Process Event, 21.Apr.2025

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