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Template

MAS Technology Risk Management Assessment

Satisfy MAS TRM and Outsourcing Notice 644 with this single assessment

  • Service Provider Information and criticality
  • Service Criticality Assessment (MAS Notice 644)
  • DOMAIN 1: INFORMATION SECURITY CONTROLS
  • DOMAIN 2: DATA RESIDENCY & CROSS-BORDER
  • DOMAIN 3: BUSINESS CONTINUITY & DR
  • DOMAIN 4: INCIDENT MANAGEMENT
  • DOMAIN 5: CHANGE MANAGEMENT
  • MAS TRM Guidelines alignment
MAS Technology Risk Management Assessment
 

Singapore's Monetary Authority requires financial institutions to assess technology risk from third-party vendors under TRM guidelines and Outsourcing Notice 644. This assessment is structured to meet MAS expectations. Use it for compliance reporting and vendor evaluations. Technology criticality tier and risk mapping built in.

Singapore's Monetary Authority requires financial institutions to assess technology risk from third-party vendors under TRM guidelines and Outsourcing Notice 644. This assessment is structured to meet MAS expectations. Use it for compliance reporting and vendor evaluations. Technology criticality tier and risk mapping built in.

Why consistency matters

Vendor risk assessment is foundational to everything downstream: tiering decisions, monitoring priorities, remediation focus, board reporting. If your assessment is ad-hoc, everything else is unreliable.

A solid assessment framework gives you:

  • Comparable vendor scores - actually compare vendors against each other
  • Audit-ready documentation - show auditors exactly how you assessed and why
  • Faster cycles - standardized questions mean less customization
  • Clear escalation triggers - when a score drops, you know what to do

How to use this:

You have two paths forward. You can build this yourself using the template. Start by customizing it for your specific industry and risk profile, then send it to vendors to complete. As responses come in, you'll track them in a spreadsheet and score them manually. It takes time and effort to coordinate, but you own the entire process and can adjust it whenever you need.

Alternatively you can use ComplyScore®.
Instead of vendors filling out spreadsheets and you doing manual scoring, vendors answer once in the platform and scoring happens automatically. Risk trends appear in real-time, so you're not waiting weeks for data. Every vendor gets assessed using the exact same framework without shifting criteria or inconsistencies.
And here's the key difference: monitoring continues automatically without you having to rebuild the framework every quarter.