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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

International Training & Assistance (ITA)
for Bank Supervisors

Technology Risk Supervision SeminarFederal Reserve System Courses

Type of Participant Targeted

The Technology Risk Supervision Seminar is an intermediate-level course designed primarily for information technology (IT) examiners. The seminar is also appropriate for safety and soundness examiners who are exposed to IT-related issues during examinations and who have a basic understanding of IT concepts, supervision, and risks for financial institutions.

Prerequisites

None.

Course Overview

The goal of this 4-1/2-day seminar is to provide training in IT supervision of financial institutions.

Course Objectives

The course builds on foundational concepts of networks and operating systems and covers applied topics of risks including system management, controls, data management, and emerging technologies. At the conclusion, participants should be able to

  • Recognize and understand more advanced concepts of bank technology and architecture
  • Identify business and supervision risks related to a financial institution's IT environment
  • Assess the impact of identified risks on the institution's operations
  • Discuss examination results and concerns with the financial institution's management
  • Analyze and assess the impact of the risks and exposures of existing and emerging technologies including, but not limited to virtualization; network, security and log management solutions; "Bring Your Own Device (BYOD)"; cloud computing; vendor management; data loss prevention; mobile devices, payments, and risks; and social media risks
  • Make relevant control recommendations to the financial institution's management

Post-Course Intervention

After completing the Technology Risk Supervision Seminar, the participant should be given on-the-job IT assignments that will increase the retention of the competencies presented during class. Such on-the- job assignments include

  • Completing the evaluation and identifying key risks of a non-complex financial institution's IT environment with the assistance of a more senior IT examiner
  • Preparing, or assisting in the preparation of, examination findings concerning a financial institution's technology risks
  • Conducting or participating in a discussion with bank management regarding IT examination findings and concerns

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Last update: February 7, 2014