Objectives :

  • Familiarize participants with the internal control in banks and the pillars of this function and principles of the system 
  • have also been issued by the Basel Committee for the control of the banks.
  • Inform participants on the components of the system of internal control in banks and institutions of the banking sector and display elements typical role to be played by these elements in the banking institutions as it came to the decisions of the Basel Committee on banking supervision and the mechanism of interaction that must take place between them.
  • Familiarize participants with the most important controls that must be on the board of directors and executive management created and adopted in the bank to build an effective system of internal control in the bank.
  • Inform participants on the role to be played by external actors (the central bank, the external auditor, the Securities Commission) to strengthen the internal control system in the bank as well as the presentation regulatory methodology in assessing the efficiency of the internal control systems.

Contents :

  • The concept of the internal control system in banks.
  • Internal control system in banks in the light of the internal control standards.
  • Internal control system components:
  • The regulatory environment Control Environment .
  • Risk assessment Risk Assessment .
  • Events supervisory Control Activities .
  • Communication and Information Communications and Information .
  • Surveillance Monitoring .
  • The role of an effective internal control system in achieving good governance Corporate Governance in banks .
  • The central bank instructions on internal control.

The Central Bank of Jordan began in 1965 to study the necessary means of setting up a team for theoretical and practical training aimed at promoting human cadres of the banking and financial sector and study its employees needs and satisfy their desires to advance their scientific and practical abilities . These efforts culminated in the creation of the Institute of Banking Studies in accordance with Article (37) Paragraph (d) of the Central Bank of Jordan Law and in accordance with the Institute,s Articles of Association No. (69) issued on 1970. The Institute   was   officially   inaugurated on   October 9, 1971 and was housed then at the Central Bank,s premises.

In the early 1990,s , the  Institute  witnessed a new stage ; the construction of the Institute,s permanent   headquarter   in  Tla,a  Al  Ali ,  a suburb of the capital  Amman . The complex was constructed on an eight dunums plot of land and comprised of administration units, academic and training activities halls, library, laboratories, cafeteria, health clinic and a multipurpose hall. Also , the Institute has two branches, one in Irbid and the other in Aqaba.  The purpose of  these  branches is to widen the distribution of academic and training activities conducted  by the Institute to cover the various regions of the Kingdom.

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