Know Your Technological and Cyber Risk Exposure

About This Course

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.

Who Should Attend

  • Financial advisers
  • Investment advisers / consultants
  • Relationship manager
  • Assistant relationship manager
  • Private banker
  • Client on-boarding specialists
  • Product / Investment specialists

Learning Outcomes

  • 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

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

Teo Puay Wei

BSc Finance

Puay Wei possessed 15 years of working experience in the financial industry. He started his career in the late 1990s and held roles as chief compliance officer and chief risk officer. He specializes in risk management and has exposure to many key Asia Pacific markets.

At his various capacity, he has to deal with complex and non-routine regulatory and risk related matters associated to anti- money laundering and financing of terrorism, code of conduct & ethics, conflict of interest, anti-bribery & corruption, technology risk management, information security, and risk management framework. He has also been involved in training on these subjects.

Puay Wei holds a Bachelor of Science (Finance) from National University of Ireland, and a Diploma in Compliance specializing in Fund Management from International Compliance Training. He is a Financial Industry Certified Professional awarded by The Institute of Banking and Finance.

Puay Wei left his role as a Head of Risk, Asia Pacific for Aberdeen Asset Management Asia Ltd to start consulting and training work in the financial industry for the Asia Pacific region.

The Financial Training Scheme (“FTS”)

The Financial Training Scheme (“FTS”) is a training incentive scheme supported by the Financial Sector Development Fund (FSDF). The scheme supports financial sector-specific training programmes that raise the competency of the financial sector.

All our programmes are approved for listing on the Financial Training Scheme (FTS) Programme Directory and are eligible for FTS claims, subject to all eligibility criteria being met. For latest development on the Enhanced Funding Support for IBF FTS, please visit the Financial Training Scheme site.

Early Bird Discount

Enjoy 10% early bird discount when you register one (1) month before the course commencement date.

Know Your Technological and Cyber Risk Exposure


Course Features
  • Duration
    1/2 Day
  • CPD
    4 Hours
  • RRCE
    4 Hours
This course is offered for our on-site corporate classroom training.
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