Understanding Agency Banking

• An overview of Agency banking and the benefits thereof
• An in depth look at the control environment and implementation of controls
• Analysis of the various risks impacting agency banking
• Practical guidelines for working with agents
• Tools to account for transactions and integrate with financial reporting
• The development of a roadmap for implementation of an agency banking model

Content

Agency Banking Overview

• Introduction and scope of the training program
• Definition of agency banking
• Typical activities
• Prohibitions
• Typical structures
• Agency banking in the world

Risk Environment

• Industry analysis
• Risk analysis
• Risk management
• Money laundering
• Consumer protection

Control Environment

• Key roles and responsibilities of financial institution
• Identifying and implementing appropriate controls
• Establishment of agency banking relationship
• Assessment of agents
• Supervision of agents

Reconciliation & Procedures

• Settlement of transactions
• Technology requirements
• Accounting policies
• Reconciliation of transactions
• Management & Financial reporting

Strategic Implementation

• Strategic analysis to determine model and market
• Developing a roadmap for agency banking
• Implementation of best practices
• Practical implementation in the organization

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.