This 4-hour course offers a concise and practical overview of digital risk governance for mid-career professionals in the financial services sector. It equips participants with tools to assess the impact of digitalisation, identify and mitigate emerging risks, and apply risk management strategies to digital initiatives involving AI, Cloud, IoT, Blockchain, and more.

Assistant Relationship Managers, Relationship Managers, Team Leads, Mid-career Risk Professionals, Compliance Managers, Digital Transformation Leaders, and Operations Teams in Financial Institutions handling Digitalisation Projects.

• Develop methodologies to evaluate and analyse risks from emerging technologies.
• Identify and assess digital risk and compliance issues arising from digitalisation.
• Analyse case-based challenges in areas such as AI/ML, IoT, Blockchain, Cloud, IP , robo-advisers, and algorithmic trading.
• Apply cyber-risk and data governance techniques to manage digital transformation responsibly.
• Recommend risk mitigation and control strategies aligned with business and regulatory expectations.

Part 1: Introduction to Digital Risk

• What is digital risk and why it matters
• The dual nature of digitalisation – innovation vs. risk
• The role of governance in digital risk management
• Regulatory expectations (IBF, MAS TRM, OSPAR, DPT)

Part 2: Identifying & Analysing Emerging Digital Risks

• Frameworks for analysing digital risks in financial services
• Use cases and risk profiles:
  • Blockchain
  • Cloud services
  • Internet of Things (IoT)
  • Artificial Intelligence / Machine Learning (AI/ML)
  • Intellectual Property (IP)
  • Robo-advisers and Algorithmic trading
• Mapping digital risks to business impact and compliance issues

Part 3: Controls and Mitigation Strategies

• Key digital control measures and security principles
• Cyber-risk approaches (e.g., zero trust, identity access control)
• Physical and electronic data protection
• Data loss, privacy, and intellectual property safeguards
• Embedding risk mitigation in digital innovation and transformation

Part 4: Practical Case Discussion and Lessons

• Case-based discussion: Applying risk analysis methodology to a real or simulated workplace case
• Lessons learned from recent digital risk incidents
• Role of cross-functional teams (Risk, Compliance, Tech) in response planning

Assessment – MCQ