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Implementing Operational Risk in Foreign Exchange Activities - Webinar

  • Webinar
  • 90 Minutes
  • October 2021
  • Region: Global
  • Compliance Online
  • ID: 4899567

Why Should You Attend:


The effective management of risk is an important aspect of all business activities. In Foreign Exchange operations, risk management is even more critical because many of the day-to-day operational risks are not well understood. Not understanding ones “enemy” is a sure prescription for disaster.

This course represents a practical approach to explaining the unique risks in foreign exchange operations, as well as how to implement an effective operational risk management system for these transactions.
  • Foreign Exchange - restating basic principles
  • Foreign Exchange settlement risk - the weak link in the chain
  • CLS Bank and the reduction of foreign exchange settlement risk
  • Foreign Exchange Operational Risk Case Study
  • Foreign Exchange best practices
  • The Foreign Exchange Process Flow - the seven stages of foreign exchange trade and settlement, and the best practice in each stage.
Stanley is a Principal Associate and Director of Citadel Advantage Ltd., Since 2001 Citadel Advantage has been working with banks and financial institutions to make them safer and more profitable, through consulting and training, specifically in the key areas of Governance, Risk Management and Compliance.

Stanley has over 40 years of banking and IT experience, 33 of which were with the Standard Bank of South Africa where during the 1990s he filled an industry level role holding several key positions including that of Chairman of the PASA Risk Committee. He also represented South Africa at two sessions, in New York, of UNCITRAL (the United Nations Commission on International Trade Law).

He holds a Master Degree in Economics and a Bachelor of Commerce (BCom.) degree, both from the University of South Africa, Pretoria.

Stanley has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia. He has also acted as advisor to a number of central banks on payment systems, oversight, policy and payments risk issues.

More recently, he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.
  • Operations and business staff at all levels involved in any aspect of foreign exchange.
  • Foreign exchange dealers and brokerage companies
  • Multinational corporations
  • Commercial firms
  • Import/Export firms
  • Import/Export brokers and agents
  • Stock Transfer Secretaries
  • Money managers
  • Commodity trading advisors
  • Insurance companies
  • Government and central banks
  • Pension and hedge funds
  • Compliance Managers
  • Compliance Analyst/Investigators
  • RIA Management
  • Registered Investment Advisors
  • Due Diligence Departments or Individuals
  • Corporate Management
  • Directors, CEOs, CFOs