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
Kenneth Wong
Kenneth has more than 27 years of financial services industry experience in APAC. He started his banking career with Barclays Bank Singapore in 1993 and he was promoted to the role of Regional Senior IT operations manager managing a team of 6 computer operators to ensure the smooth operations of the entire wholesales banking systems, private banking, trading and settlement applications in adherence to the SLAs. His responsibility also included regional application support and regular operational recommendation to the management to meet regulatory and audit compliance. His key accomplishment was the regionalization of the entire IT operations covering core banking, SWIFT, trading, confirmation matching and NOSTRO reconciliation system in Singapore to support Tokyo, Australia and Hong Kong business. He has also been invited to conduct SWIFT operations training for overseas financial institutions in Singapore.
After Barclays, Kenneth worked for several global banking software vendors (eg. Fiserv, Misys, Fair Issac, Wincor Nixdorf etc) as well as system integrators (eg. NCS, Fujitsu, Virtusa etc) in senior roles like Head of Solution Consulting, General Manager (Solutions), FSI Practice Director, Senior Director (Solution development) servicing the FSI customers in APAC. Hence, he has more than 20 years of banking applications, solutioning and architecting experience. Kenneth is knowledgeable on the banking process and practice across Consumer, Wholesale, Private banking as well as Capital market in the APAC market. Being a FSI practitioner, he constantly keeps himself updated on banking industry trends, banking software development trends and cyber security trends as well as he is familiar with the Fintech/Regtech/Insurtech ecosystem. He often represented NCS as an industry speaker in various industry events. He is also a registered mentor volunteered under Polyfintech 100 in Singapore.
In his regional capacity working for Misys, Fiserv, Wincor Nixdorf & Fair Issac, Kenneth also conducted regular banking solution and product training for customers and partners in APAC region. (1998 – 2008) In NCS & Sun Microsystems as FSI Practice Director and Industry Solution Specialist (2018 – 2019), he also regularly conducted internal training to equip the technical and consulting resources with banking domain knowledge prior to their project deployment and customer engagement.
Kenneth holds a Bachelor Degree in Business Administration by University of West London as well as a Graduate Diploma in Marketing issued by The Chartered Institute of Marketing, UK. He also holds a Diploma in electronics and communication by Singapore Polytechnic.
The Financial Training Scheme (“FTS”)
The Salmon Thrust CPD Series is aimed at raising the competencies of Covered Persons. This course is recognised under the IBF Financial Training Scheme. Completion of this course can be counted towards the fulfilment of the non-STS portion for CACS CPD.
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 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.
