RIMS Risk Forum Singapore

Thomas Kok will open our agenda with a presentation on “Business Resilience and the New Technology Risk Management (TRM) Guidelines”. He will share the impetus for change, including the new operating and threat landscape for organisations to compete and serve their customers. He will also cover the unique approach used in co-creating the guidelines between the regulator and the industry, and the key highlights of the new TRMG relating to business resilience.

His presentation will be followed by a panel discussion on “The Proposed Revised BCM Guidelines – Professionals’ Insights and Perspectives”. The Monetary Authority of Singapore (MAS) released its Consultation Paper on Proposed Revisions to Guidelines on Business Continuity Management on 7 Mar 2019.  One of the proposed changes is to redefine the meaning of ‘business function’ to be ‘a service that a financial institution ultimately provides to its customers’. This panel, made up of different stakeholders, will discuss the proposed revisions, their advantages and challenges, each sharing from their professional perspective. Panellists would include a BCM consultant and service provider amongst others.

• Thomas Kok Head of Group Technology Information & Cyber Risk, OCBC Group

This session will discuss the changing nature of Cyber Risks around the world and in Singapore. Conducted by Julie Cain, Sr. Strategic Advisor, Information & Technology Risk, ETS (Education Testing Services) and Wolfram Hedrich, Executive Director of Asia Pacific Risk Center & Marsh McLennan Insights, this class will extend theoretical knowledge of cyber risks into practical application. The instructors will talk about pre-existing risks and what to look out for. It will also set the stage to understand how cyber risks extend to ERM and BCM.  

Key Takeaways:

• ​How can participants assess and effectively communicate upcoming cyber threats across their organisations, to all teams with and without background in cyber?
  
• How to identify cyber resilience of their organisations and assess pain points that could pose a threat in the future?
• Based on the instructors' first-hand experience, participants will take home strategies that have worked in companies around the world. This is of particular benefit to companies that have operations around the world and have to customise strategies for different countries.

• Julie Cain, Senior Strategic Advisor, Information & Technology Risk Management, Educational Testing Service
• Wolfram Hedrich, Executive Director, Marsh APAC​

This session will discuss Enterprise Risk Management and how to prepare and protect your organisation against cyber threats and attacks. This session, led by RIMS Board Member and Novartis Pharmaceuticals Director of Risk Management Jennifer Santiago, will introduce you to the basics of ERM and how that applies to cyber risks specifically. This will be followed by a group strategy building exercise facilitated by Wolfram Hedrich, Executive Director of Asia Pacific Risk Center & Marsh McLennan Insights, and a discussion on the exercise by Jennifer and Wolfram. 

Key Takeaways:

• ​What are key points to keep in mind while developing or updating an organisation's ERM strategy, with a focus on building cyber resilience across the enterprise?
  
• How can an ERM strategy enable an organisation to make bolder strategical decisions while ensuring low risk exposure?
• What are the best practices and experiences of international companies e.g. Novartis, Marsh, and their clients working in Singapore and ASEAN?

• Jennifer Santiago, Director Risk Management, Novartis Pharmaceutical Corporation 
• Wolfram Hedrich, Executive Director, Marsh APAC

This session will introduce Business Continuity Management from a cyber-risk perspective. Conducted by a BCM Risk Management expert Sigfried Ching, Managing Director, PwC, the class will discuss how BCM and Cyber Risks intersect using real world experiences and examples. This will be followed by a case study based exercise and discussion on the group activity by Sigfried.

Key Takeaways:

• ​How should participants approach cyber risks while building an organisation's resiliency plan?
  
• From the BFSI (banking, financial services and insurance) perspective, how can they learn and teach their teams effective BCM strategies that can build a culture of stronger cyber security and threat resilience across their companies and largely, their sectors?

Speakers:

• Sigfried Ching, Managing Director, PWC​​