International Training & Assistance (ITA)
for Bank Supervisors
Seminar on Technology Operations and Risk Management
Federal Reserve System Courses
June 18 - June 21, 2018 (Washington, D.C.)
Type of Participant Targeted
The Seminar on Technology Operations and Risk Management (STORM) is designed to provide participants with a high- level overview of technology risks present in today's financial institutions as well as related risk management practices and supervisory expectations.
Course Overview
This seminar aims to provide training in the technology supervision of financial institutions, introducing foundational concepts on information technology risk, risk management, and integrated supervision. Technology risk topics will include cloud computing, cybersecurity, mobile banking, fintech, and payment systems and operations. Additionally, risk management expectations for information security, data governance, vendor management, business continuity, and audit will be discussed. Finally, the seminar is intended to give guidance on how links between technology and business risks can be made and incorporated into an integrated supervisory approach.
Course Objectives
Upon completion, the participant will
- Recognize and understand major technology risks and have a basic knowledge of the major topics facing financial institutions today
- Identify the connection points between technology and business risks to ensure they are appropriately integrated into a supervision approach
- Discuss technology risk management expectations, including the purpose and critical elements of programs for information security, data governance, vendor management, and business continuity
- Recognize the supervisory expectations for appropriate technology governance, including organizational structure, strategic planning, and audit