Event Details

In an era of rapid technological advancements and evolving economic and financial landscapes, the banking industry faces numerous challenges in upholding soundness and security.



"Facing Up the Hurdles to Uphold Sound and Safe Banking", IIAP's 1st industry-focused conference for internal auditors in the banking industry, is a timely event that aims to bring together the supervisory authority/ regulator, thought leaders, and internal audit professionals to explore, discuss, and share expectations and leading practices that can help overcome these challenges from the lens of internal audit.

Jun 30, 2023

08:00 - 17:30 GMT+8

Add to Calendar

Dusit Thani Manila
Makati City, Metro Manila, Philippines
Show on map

Speakers

  • Ms. Chuchi Fonacier (Deputy Governor Financial Supervision Sector at Bangko Sentral ng Pilipinas)

    Ms. Chuchi Fonacier

    Deputy Governor Financial Supervision Sector at Bangko Sentral ng Pilipinas

    Read Bio
  • Ms. Lyn Javier (Assistant Governor Policy and Specialized Supervision Sub-Sector Financial Supervision Sector at Bangko Sentra ng Pilipinas)

    Ms. Lyn Javier

    Assistant Governor Policy and Specialized Supervision Sub-Sector Financial Supervision Sector at Bangko Sentra ng Pilipinas

    Read Bio
  • Atty. Florabelle Santos-Madrid (Senior Director Financial System Integrity Department of Bangko Sentral ng Pilipinas)

    Atty. Florabelle Santos-Madrid

    Senior Director Financial System Integrity Department of Bangko Sentral ng Pilipinas

    Read Bio
  • Ms. Mary Grace Facto (Chief Audit Executive at Pacific Cross Insurance Inc.)

    Ms. Mary Grace Facto

    Chief Audit Executive at Pacific Cross Insurance Inc.

    Read Bio
  • Mr. Nate Vergara (Audit Manager - Digital Banking, IT, Analytics at Union Digital Bank Inc)

    Mr. Nate Vergara

    Audit Manager - Digital Banking, IT, Analytics at Union Digital Bank Inc

  • Mr. Jonathan Burgos (Regional Sales Director of Diligent)

    Mr. Jonathan Burgos

    Regional Sales Director of Diligent

    Read Bio
  • Ms. Ee Shean Lee (Head of Audit, Sustainability and Climate Risk at Standard Chartered Bank)

    Ms. Ee Shean Lee

    Head of Audit, Sustainability and Climate Risk at Standard Chartered Bank

    Read Bio
  • Mr. Mohammad Tabatabai Irani (Head of Audit, Information Security Risk at Standard Chartered Bank)

    Mr. Mohammad Tabatabai Irani

    Head of Audit, Information Security Risk at Standard Chartered Bank

    Read Bio
  • Ms. Edel Mary Vegamora (Fellow at ICD's Society of Fellows)

    Ms. Edel Mary Vegamora

    Fellow at ICD's Society of Fellows

    Read Bio

Agenda

  • 08:00 - 08:30Opening Ceremonies
    08:30 - 09:30PS1/Keynote: How shall Internal Audit Sustain Relevance as Banks Face More Complex Risks Today?
    In an ever-changing financial landscape, banks are confronted with increasingly intricate risks that demand strong and ethical governance, proactive risk management, effective internal controls, and value adding, reliable and effective internal audit. The call for the internal audit function to step up and implement a robust and agile approach becomes paramount.

    Target insights from this session: the significant and evolving role of internal audit in the face of mounting complexities within the banking industry and what else must internal auditors do to remain relevant and elevate the impact and value provided to key stakeholders in this dynamic environment.

    Ms. Chuchi Fonacier

    Deputy Governor Financial Supervision Sector at Bangko Sentral ng Pilipinas

    09:30 - 09:45Networking Morning Break
    09:45 - 10:45PS2: Latest Key BSP Issuances and Regulatory Focus and Priorities
    Recognized as the Philippine’s central monetary authority, Bangko Sentral ng Pilipinas (BSP) is mandated to promote an economic environment conducive to a balanced and sustainable growth.

    In this Session, various expectations based on the latest BSP regulatory issuances and key focus and priorities affecting the banking industry shall be highlighted. Also, insights on how internal auditors can effectively fulfill the duties expected by the regulators like BSP to promote sound and safe banking and financial stability in the country will be tackled.

    Ms. Lyn Javier

    Assistant Governor Policy and Specialized Supervision Sub-Sector Financial Supervision Sector at Bangko Sentra ng Pilipinas

    10:45 - 12:00PS3: Expectations to Fortify the 3rd Line Role in the Banks' Fight against Financial Crimes
    Financial crimes such as money laundering, terrorist financing, proliferation financing, corruption, and frauds pose significant threats to the stability and integrity of both local and global financial system. In this session, the crucial need to strengthen the 3rd line function in order to combat effectively the key financial crime threats facing the banks will be highlighted.

    Target insights from this session: (a) what are the weaknesses exploited by these lawless elements, (b) how IA can take active part in the strengthening and proactive monitoring of operational areas that are susceptible to financial crimes, timely detection, and swift response to these incidents, and (c) how IA can further provide more value and help enhance and elevate the bank’s ability to safeguard its own interests, its customers, and the banking ecosystem.

    Atty. Florabelle Santos-Madrid

    Senior Director Financial System Integrity Department of Bangko Sentral ng Pilipinas

    12:00 - 13:00Lunch break
    13:00 - 14:15PS4: Harnessing the Power of Technology to Navigate the Evolving Expectations from IA
    In today’s rapidly evolving economic, regulatory, and financial landscape coupled with an era of technological advancement, disruptive business model, and innovations, the banking industry is driven to be ahead in its risk-sensing capabilities. As such, banks rely on effective governance and risk management, a robust internal control and, efficient processes to safeguard and protect the business and interests of its customers. And internal audit play a crucial role in ensuring the effectiveness and efficiency in the bank’s operations. With the right technology and optimizing its use, internal auditors can elevate their overall contribution to the bank’s successes.

    Let us gain insights from this Session on what and how the emerging tools can help harness capabilities in detection and protection from fraud, financial crimes, and cybersecurity risks and enhance sustainability reporting, automated controls testing, and continuous monitoring.

    *Topic & Synopsis are subject to change

    Ms. Mary Grace Facto

    Chief Audit Executive at Pacific Cross Insurance Inc.

    Mr. Nate Vergara

    Audit Manager - Digital Banking, IT, Analytics at Union Digital Bank Inc

    Mr. Jonathan Burgos

    Regional Sales Director of Diligent

    14:15 - 15:15PS5: Audit of Sustainable Finance Framework and Reporting
    Sustainable Finance is becoming increasingly important given the high clients’ demand for green and sustainable labeled products. In recent years, there has been a growing trend towards a standardized sustainable finance reporting framework that aims to provide a consistent, transparent, and comparable set of metrics for banks to report on their sustainability performance and risks. This information is used by investors, clients, and other stakeholders to evaluate an organization’s sustainability performance and to make informed decisions. Inaccurate and unreliable reporting can have significant risks (for example, legal risk, reputational risk, including greenwashing risk, etc.) for the reporting bank.

    This session will highlight the key risks, challenges, and areas to watch from the third-line perspective.

    Ms. Ee Shean Lee

    Head of Audit, Sustainability and Climate Risk at Standard Chartered Bank

    15:15 - 15:30Networking Afternoon Break
    15:30 - 16:30PS6: Auditing Insider Threat
    Insider Threat is the risk to organizations from employees, former employees, contractors, or trusted third parties with knowledge about the organization or access to computer systems. The threat includes fraud, theft of confidential information, or sabotage. This could be either intentional or accidental.

    This session will cover an approach for auditing the insider threat capabilities and some leading practices that may be applied.

    Mr. Mohammad Tabatabai Irani

    Head of Audit, Information Security Risk at Standard Chartered Bank

    16:30 - 17:30PS7: Review of Lessons Learned from selected Banking Crisis Scenarios; A High-Level Revisit of Audit Focus Areas & Audit Strategy
    Early this year, the US banking sector was reported to be in “crisis”, with three (3) banks collapsing one after the other since March, leading to raised concerns about the integrity and transparency of financial institutions. Another bank, considered to be of significant global impact, was reportedly undergoing a crisis. These selected banking crisis scenarios had reportedly some ripple effects regionally and offshore.

    In this session, insights on the lessons learned from the collapse and/or subsequent rescue of these banks, as drawn from publicly available sources, will be discussed. The Key Audit Focus areas that can be inferred will be highlighted, with a high-level revisit of audit focus areas and audit strategy. The discussion will also reiterate the auditor's independence in assessing the primary role of bank management and the board in the governance, risk management, internal control and regulatory compliance processes of the bank, especially as regards higher-risk issues cited in audit examinations. This high-level discussion is aimed at instilling a mental discipline, which would ensure that a bank's '3rd Line of Defense" , i.e., the internal audit function, would remain relevant and true to its mission in a bank.

    Ms. Edel Mary Vegamora

    Fellow at ICD's Society of Fellows

    17:30 - 17:45Closing Ceremonies

General Information

REGISTRATION FEE INCLUSIONS:


  • IN-PERSON
  • Attendance for the whole day event, 9 CPE credits for IIA Certifications , Meal (AM Snacks, PM snacks, and Lunch), and Certificate of Attendance


NOTICE:


  • IIAP reserves the right to shift to full virtual should the minimum number of onsite attendees is not met or government imposed restrictions or fortuitous event will prevent face to face meeting.
  • Unauthorized reproduction and/or use of IIAP virtual seminar videos and materials is against copyright, intellectual property and data privacy laws. Any violation will lead to civil or penal action.
  • CANCELLATION, SUBSTITUTION AND NO-SHOW:
  • Cancellations received less than 7days prior to the event will be charged a cancellation fee, which is 50% of the registration fee.
  • Substitutions are allowed within the same event without incurring a cancellation fee.
  • No-show registrants will be charged 50% of the registration fee.

Documents

Brochure_BanksIAConference_2023.pdf
Brochure_BanksIAConference_2023-0609.pdf

Tickets

In-Person_Member (Sold Out)
Member Price ₱4,000
In-Person_Non-Member (Sold Out)
₱6,000
Virtual-Member
Member Price ₱2,000
Virtual_Non-Member
₱4,000
Menu