Technology Risk Management Guidelines

monetary authority of singapore 1 Technology Risk Management Guidelines January 2021 Technology RISK Management Guidelines JANUARY 2021 monetary authority of singapore 2 Contents 1 Preface .. 5 2 Application of the MAS Technology Risk Management Guidelines .. 6 3 Technology Risk Governance and Oversight .. 7 Role of the Board of Directors and Senior 7 Policies, Standards and Procedures .. 9 Management of Information Assets .. 9 Management of Third Party 10 Competency and Background Review .. 10 Security Awareness and Training .. 11 4 Technology Risk Management Framework .. 12 Risk Management Framework .. 12 Risk Identification .. 13 Risk Assessment .. 13 Risk Treatment .. 13 Risk Monitoring, Review and Reporting .. 13 5 IT Project Management and Security-by-Design .. 15 Project Management Framework .. 15 Project Steering Committee .. 15 System Acquisition .. 15 System Development Life Cycle and Security-By-Design.

Monetary Authority of Singapore 5 1 Preface 1.1 The technology landscape of the financial sector is transforming at a rapid pace and the underlying information technology (IT) infrastructure supporting financial services has grown in scope and complexity in recent years. Many financial institutions (FIs) are

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  Management, Technology, Risks, Singapore, Monetary, Authority, Monetary authority of singapore, Technology risk management

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