About The Course
In the digital age, financial crime against banks and other financial services institutions is accelerating rapidly. Fraud prevention now represents one of the biggest areas of concern for the financial services industry and is likely to become one of the largest drivers of IT expenditure in the coming years. In fact, organisations lose 5% of revenue to fraud each year, with banking and financial services (and government) most commonly victimised. That is why financial institutions like yours need to take proactive steps to combat fraud.
At the conclusion of this skills programme, students will have more knowledge about what fraud is, who typically commits the act and why, and the types of fraud faced by financial institutions. Students will also learn about the consequences of fraud to the sustainability of the organisation. You will also learn how to develop policies and procedures to minimise and manage common types of fraud within financial institutions, and how to monitor their effectiveness.
What you will learn
Upon completion of this programme, the learner will be able to:
- Describe and identify fraud as it occurs in a financial institution.
- Develop control mechanisms to minimise and manage fraud in a financial institution.
- Monitor and update fraud control policies and procedures.
Course Content
Section 1: Fraud as it occurs in financial institutions
Section 2: Control mechanisms to minimise fraud
Section 3: Monitor fraud control policies and procedures
Course Structure
Lectures, structured classroom discussions, case studies, practical examples and exercises.
Assessments
Formative assessment is done through practical exercises and discussions, and summative assessment is done through submission of a PoE, making use of practical workplace activities.
Accreditation
This programme is registered and accredited as a learning programme on the BNVQF (Botswana National Vocational Qualifications Framework).
Certification
Certification of learning achievement will be issued upon successful completion of the summative assessment and the learner being deemed competent.
Entry Requirements
It is assumed that learners are in a management function of a financial institution, or will be employed in a management function, and are responsible for driving or monitoring fraud and risk programmes within the organisation.
Duration
One day