Business Continuity Management
In our financial industry, setting out sound business continuity management (BCM) principles is important for our financial institutions to adopt, so as to strengthen their ability to recover critical business functions in the event of disruptions.
The key principles for financial institutions to apply take into consideration the activities that they engage in and the markets in which they conduct transactions.
This e-training programme comprises 7 modules and an assessment. Answer all quiz questions at the end of each tutorial in order to complete the training.
- That BCM is the responsibilities of the board of directors and senior management
- The recovery strategies and recovery time objectives
- Interdependency risk
- What is wide-area disruptions
- Concentration risk
- The need to test business continuity plans
Module 1: Who is Responsible for Business Continuity Management?
- The Need for Business Continuity Management
- The Expectation of Customers and Counterparties
Module 2: Recovery Strategies and Recovery Time Objectives
- Critical Business Activities
- Recovery Time Objectives
- Incidents Management
Module 3: Interdependency Risk
- Risk Management
- Vendors Management
Module 4: Wide-Area Disruptions
- Plan for Wide-Area Disruptions
- Pandemic Preparation
Module 5: Concentration Risk
- Separation Policy
Module 6: Testing of Business Continuity Plans
- Financial Institution’s Readiness
- Document Test Results and Constantly Make Improvements Needed
Module 7: Case in Focus
The Financial Training Scheme (“FTS”) provides funding for financial sector-specific training programmes which are recognized under FTS. This scheme is only eligible for company-sponsored participants who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore, and who have successfully completed a FTS programme. Financial Institutions (MAS licensed or exempt entities), involved in or supporting financial sector activities, are eligible to submit claims for company-sponsored participants.
For all FTS programmes commencing on or after 8 April 2020 to 31 December 2021, MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90% co-funding of direct training costs, subject to existing grant caps of S$2,000 per programme.
IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95% of course fees subsidies until 30 June 2021. This existing scheme will also be expanded to include workers in eligible FinTech firms.
For more information, please refer to IBF website.
Terms and Conditions
1) This e-training programme takes approximately an hour to complete.
2) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by 31 December 2021.
3) Access to the e-training materials is valid to the end of the calendar year.
4) Upon successful registration, an online course access email will be sent to you within 2 working days. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.
5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.
6) It is recommended to login the web browser via a personal computer.
7) For assistance please contact email@example.com or call 6670-6808.
(Operating Hours: 9.00am to 5.00pm)
This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.
SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.