Located at the heart of Asia, Singapore offers global investors unparalleled access to the Asian markets – one of the world’s fastest-growing regions. Besides having a strategic geographical location, its excellent business infrastructure, global connectivity and a robust legal and juridical framework enable investors to access the Asian market. This translates into a strong reliance on financial technology, cyber technology and other new avenues to access into this competitive market. Financial Institutions in Singapore have kept up with the pace of a modern commerce. Understanding your exposures to the strong reliance on technological development becomes a key aspect for financial advisers who are expected to help their financial institutions to safeguard from all kinds of technology related threats.
This course aims to provide the inside out of the threats associated to technological reliance, cyber usage and emerging modern commerce. These important aspects are learnt thru interactive activities such as case study and group participation in responding to stimulated situation.
Target Audience
- Financial advisers
- Investment advisers / consultants
- Relationship manager
- Assistant relationship manager
- Private banker
- Client on-boarding specialists
- Product / Investment specialists
Course Objectives
- Understand technological risk expose in a typical financial institution
- Understand the regulatory requirements and expectations on financial institution.
- Understand how technological risk can be managed in a typical financial institution.
- Acquire techniques for financial adviser to help their financial institution in managing technological risk
Course Outline
Technological Risk in a Typical Financial Institution
- Identify critical systems
- Risk awareness within the organisation
- Understand the evolving of technological risk over the years
Regulatory Obligations
- Understand the regulatory framework in Singapore associated to technological risk
- Synopsis of MAS Risk Management Guidelines
- Understand the implications and expectations from MAS
Evaluating Technological Risk in a Typical Financial Institution
- Assessing the issues associated to a system failure
- Assessing the chances and likely events for a cyber security breach
- Assessing the possibility and likely events associated to external phishing technique for identity theft
- Financial adviser’s role in the technological risk management preparation
Managing Technological Risk in a Typical Financial Institution
- Crisis management associated to a system failure
- Overcoming customer’s confidence after a cyber attack
- Preventing external phishing approach for identity theft
- Understand the regulatory requirements and expectations on financial institution.
- Financial adviser’s role in the combating technological risk exposure