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Sep, 18, 2012 News Release Main Page
Genesis furthers its Risk Management specialty area by conducting Internal Auditor Seminars
 

Genesis has seen renewed interest in risk training for bank internal auditing staff. Since last year, Genesis has run multiple seminars in locations such as Boston, London, Madrid, Mexico City and São Paulo. Heightened regulatory oversight may explain part of the increase in demand, but that is not the only factor.

Customized, in-company programs are structured from the viewpoint of the auditor and have covered consumer finance and retail banking as well as commercial and corporate banking. There is also high demand for courses that address understanding and meeting the requirements of Basel II and III.

Fritz Newman, Audit Seminar Leader says: “From a trainer’s perspective, Internal Auditors are almost the ideal audience. They are apt to be quick, yet careful readers. Their vocation requires them to regularly confront new situations and rapidly form substantiated opinions, as well as to work well in a small team environment.” 

Newman went on to state that he foresees a “significant demand in training for Internal Auditors over the next several years.  For whatever reason, and it may have to do with their independent reporting lines, the training of Internal Auditors has not always kept pace with the training received by their colleagues in the Risk or Business units.  This is particularly apparent in the case of new products and the risks that they pose.”

 
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