Market risk is a key risk for financial services organizations. Regulators and their supervisors focus on this risk, emphasizing the necessity of having accurate models that can measure the capital impact of market activities on the financial viability of the institution. Regulatory requirements and supervisors’ expanded expectations are giving internal audit a more relevant and active role in the assessment of market risk. In addition, an organization’s board has direct responsibility of market risk oversight and governance, so internal audit should provide it with independent assurance in conformance with the Standards.
This course provides internal auditors with a baseline skill-set necessary to test and evaluate the effectiveness of the organization’s market risk management framework and processes.