Fundamentals of Trust is a basic course focusing on a high-level understanding of non-complex fiduciary activities, as well as applicable examination techniques. This course is taught by both a vendor and agency subject matter experts.
Course content is foundational and not designed for experienced fiduciary subject matter experts.
The length is four days.
| At-a-Glance | |
|---|---|
| Length | 4 days |
| Delivery | In-Person |
| Prerequisite/Pre-course | Yes |
| Continuing Education | No |
Objectives
Upon completion, participants should be able to:
- Assess the impact of fiduciary activities on a financial institution and apply the uniform interagency trust rating system.
- Evaluate compliance with governing laws and fiduciary principles.
- Analyze operations and internal controls and assess adequacy of audit coverage of fiduciary activities.
- Assess the adequacy of processes related to investment of funds, including some unique asset holdings and non-traditional investment products and services.
- Identify risks in fiduciary activities and assess the adequacy of risk management practices.
Target Audience
The course is intended primarily for examiners. This course may also be useful to supervisors or other staff that need a general understanding of the fiduciary business. Prior participation in a fiduciary examination is helpful but not required.
Pre-Course Assignment
The completion of a pre-course assignment is required to attend this course. The assignment is a series of online training modules and a final assessment. The estimated completion time is 12 to 14 hours.