Banking and Financial Services Internal Audit Professional Certification
This course provides Chief Internal Auditors with practical guidance to strengthen their role and influence within their organization. It focuses on enhancing their professional profile while also improving the effectiveness, reputation, and overall performance of their internal audit teams.
Overview
This training prepares professionals to perform effective and compliant audits within banking, insurance and financial services institutions. This course provides practical guidance on auditing core functional areas such as credit, market, operations, trade finance, payments, risk management, derivatives and private banking.
Participants will learn modern internal audit techniques, risk‑based audit frameworks and strategies to add value through objective assurance and governance insights.
Course Outline
- Role and responsibilities of internal auditors in BFSI organizations
- Overview of banking, insurance, and financial services operations
- Audit objectives, governance, and compliance requirements
- Introduction to risk-based internal auditing
- Key regulations (RBI, central banks, global regulators)
- Basel norms overview (Basel II/III fundamentals)
- Internal controls and risk management frameworks
- AML (Anti-Money Laundering) and KYC compliance audits
- Compliance monitoring and reporting
- Credit risk assessment and loan appraisal review
- Retail and corporate lending audit processes
- Non-performing assets (NPAs) and early warning signals
- Loan restructuring, provisioning, and recovery audits
- Treasury operations and dealing room audits
- Market risk and liquidity risk review
- Investment portfolio audit and valuation checks
- Derivatives and complex financial instruments audit
- Audit of digital banking channels (UPI, mobile banking, APIs)
- Payment systems, clearing, and settlement processes
- FinTech ecosystem risks and controls
- Fraud detection, cyber fraud, and operational risk
- Letters of credit, bank guarantees, and trade finance audits
- Export-import financing and documentation checks
- Risk controls in trade finance operations
- Wealth management and private banking audit practices
- Core banking systems and IT general controls (ITGC)
- Data governance, cybersecurity, and access controls
- IT risk management and system audit techniques
- Process efficiency and operational audit reviews
- ESG (Environmental, Social, Governance) risks in BFSI
- Climate risk and sustainability reporting audits
- Use of data analytics in internal auditing
- Emerging risks: AI, blockchain, and digital assets
- Audit planning, scoping, and risk prioritization
- Fieldwork execution and audit documentation
- Reporting audit findings and recommendations
- Stakeholder communication and follow-up actions
- Professional ethics and auditor independence
- End-to-end audit simulation (retail banking and lending)
- Trade finance and treasury audit case studies
- IT and cyber security audit scenarios
- Audit report writing and presentation exercises
Prerequisites
- There are no strict formal prerequisites for this certification.
- Basic understanding of banking, finance, or business operations is helpful.
- Suitable for professionals with exposure to audit, risk, compliance, or finance functions.
- Prior experience in the BFSI sector is an advantage but not mandatory.
- A willingness to learn and apply internal auditing concepts in financial services is recommended.
Who Should Attend
- Chief Internal Auditors and Heads of Internal Audit.
- Incoming or aspiring Chief Internal Auditors.
- Risk Management and Compliance Officers.
- Internal audit team members and auditors within banking and financial services.
- Professionals seeking to strengthen governance and audit functions in BFSI environments.
Certification
- The exam consists of 20 multiple-choice questions covering all course modules.
- A minimum of 15 correct answers is required to pass.
- Participants are given up to two attempts to achieve a passing score.
- A certificate will be awarded upon successful completion of the exam.
About Trainer
The program is delivered by an experienced finance professional with strong expertise in International Financial Reporting Standards (IFRS) and global financial reporting practices. The trainer has extensive industry and teaching experience, helping professionals understand complex accounting concepts in a simple and practical way.
He is a qualified expert with a proven track record in training, consulting, and advising on financial reporting, auditing, and compliance. His approach focuses on real-world applications, case studies, and interactive learning to ensure participants gain both knowledge and practical skills.
He is a seasoned trainer known for simplifying IFRS concepts and enabling professionals to confidently apply them in their roles.
Learning Outcomes
- Understand the role, scope and responsibilities of internal auditors in BFSI institutions.
- Gain clarity on key elements of modern banking operations and functional areas subject to audit.
- Apply audit methods for credit risk, market risk and operational risk reviews.
- Conduct effective audit procedures for retail banking operations.
- Perform audits of corporate banking, dealing room, payment systems and clearing services.
- Audit specialized areas such as trade finance, derivatives and private banking.
- Develop professional audit reports that communicate findings and recommendations.
- Enhance audit governance, risk assessment and compliance practices within BFSI entities.
Student Reviews
"“A well-structured program with clear explanations. It significantly improved my understanding of financial reporting standards.”"
"“The trainer explained complex topics in a simple way. The course was very useful for my role in auditing and compliance.”"
"“Highly practical and engaging training. I now feel more confident in preparing and analyzing financial statements under IFRS.”"
"“This certification added great value to my career. The content was relevant and easy to follow, even for challenging topics.”"
Frequently Asked Questions
This course equips audit professionals with practical skills to conduct effective internal audits across key areas of financial institutions, including credit, market risk, corporate and retail banking, dealing rooms, trade finance and other critical functions.
It’s ideal for internal auditors, audit managers, risk and compliance officers, banking professionals, finance specialists and those aspiring to advance their careers in audit and risk management within the BFSI sector.
You’ll gain a comprehensive understanding of modern banking operations, audit planning and execution, auditing of risk areas such as credit and market risk, auditing retail and corporate banking processes and evaluating controls in functions like trade finance and clearing services.
Training is delivered by experienced industry professionals using a mix of practical case studies, real‑world examples and interactive sessions to ensure you can apply auditing concepts directly to your organization.
Participants will enhance their audit expertise, improve governance and risk assessment skills, increase confidence in evaluating complex financial processes and strengthen their professional credibility in the BFSI sector.
While prior audit or finance experience is helpful, the course is structured to support both experienced auditors and professionals looking to transition into internal audit roles within financial institutions.
It enhances your ability to perform high‑impact audits, supports professional growth into senior audit and risk roles and demonstrates your commitment to governance and compliance excellence in the financial sector.
Yes, the program can be customized for in‑house delivery to meet organizational objectives and strengthen internal audit capabilities across teams.
Yes. The online training is accessible worldwide.
Yes, there will be an assessment of 20 questions based on the training topics at the end of the course, you will have to score 75% to pass.
You will get 2 attempts to pass the test.
The assessment tests practical understanding of auditing concepts. With active participation, most participants pass on the first attempt.
No, the certification is valid indefinitely, demonstrating auditing proficiency. While not mandatory, refresher training every 3-4 years is recommended to update skills.
Yes, you will be able to pay the course fees in instalments. Reach out to [email protected] to see the options available to you.
Sure, you can watch the recordings of the sessions you cannot attend and get back to us if you have any doubts to clear.
Group discounts are available to groups of more than three candidates. You can get up to 20% discount depending on the number of participants.
Yes, if you notify at least 24 hours in advance before the 1st class of the training and there is an availability in a different batch then you will be able to switch your start date.
Our courses are designed to provide high quality learning and outcomes that exceed expectations. If for some reason your expectations are not met. You will be given a refund in accordance with our 100% satisfaction policy.
You will receive meeting login for Zoom live classes and training materials.
All the participants will be added to WhatsApp/SMS group and email thread. You can clarify doubts at any time via WhatsApp, SMS or email.
Yes, we provide mentorship, doubt resolution, and guidance for assessment preparation.
The digital certificate is issued immediately upon passing the assessment.
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Upcoming Schedules
| Date | Time | Duration | Mode | Price | Action |
|---|---|---|---|---|---|
| 13:30 – 17:30 Kolkata (UTC+5:30) | 5 days, 4 hours /Day (Total 20 days)- Jun 8 , 9, 10 , 11 and 12, 2026 | Live Online | $499.00 $399.00 |
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