MAS IAC Software Solution

Digitalize your operations, foster a culture of responsibility and ethical behavior, and demonstrate compliance with MAS five outcomes.

MAS IAC software
Manage all five MAS outcomes with a single tool

MAS expects financial institutions to achieve and demonstrate compliance with five high-level outcomes aimed to promote the accountability of senior managers, strengthen oversight over material risk personnel, and reinforce conduct standards among all employees. Corporater enables organizations to manage all five MAS outcomes efficiently with a single digital tool.

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Corporater MAS IAC Solution

The Money Authority of Singapore (MAS) is proposing to require financial institutions to clearly identify and delineate the responsibilities of senior management and of employees in material risk functions. The proposed Guidelines on Individual Accountability and Conduct (IAC) identifies five outcomes that should be met to ensure that senior management and employees are held accountable for their responsibilities and incentivized to ensure that they and their staff meet these expectations.

Corporater MAS IAC solution is an integrated digital tool that enables financial institutions (FIs) to meet MAS regulatory requirements, enhance integrity, and drive cultural change while protecting them and their senior managers against the risks of non-compliance. Empower your CCO and compliance managers to manage all five MAS outcomes holistically in one central system. The solution is designed with intuitive user interface making it easy for users to access the information they need, assign roles and responsibilities, complete their tasks, and generate reports to demonstrate compliance to MAS regulators and key stakeholders.

Manage all five MAS outcomes

  • Outcome 1: Senior managers who have responsibility for the management and conduct of functions that are core to the FI’s operations are clearly identified.
  • Outcome 2: Senior managers are fit and proper for their roles and held responsible for the actions of their staff and the conduct of the business under their purview.
  • Outcome 3: The FI’s governance framework supports senior managers’ performance of their roles and responsibilities, with a clear and transparent management structure and reporting relationships.
  • Outcome 4: Material risk personnel (MRPs) are fit and proper for their roles, and subject to effective risk governance, and appropriate incentive structures and standards of conduct.
  • Outcome 5: The FI has a framework that promotes and sustains the desired conduct among all employees. FIs are free to decide how best to meet these outcomes in a way that is relevant to the nature, size, and complexity of their operations.

Corporater supports MAS recommended approach to achieving the five outcomes:

STEP 1: ASSESS

Assess whether your FI meets the 5 Outcomes. E.g., Is it clear who is responsible for reach core management function? Consider measure in specific guidance.

STEP 2: ADOPT

Adopt appropriate measures for your FI. Adapt specific guidance as necessary, based on nature, size, and complexity of your business.

STEP 3: REVIEW

Regularly review effectiveness and adequacy of measures. Take into account gaps between observed behaviors and desired standards of conduct.

Solution Benefits

Demonstrate IAC compliance to MAS

Empower your organization to manage all five MAS outcomes and demonstrate compliance with the MAS guidelines for IAC with a single digital tool. Map out your operational structures, hierarchies, and reporting relationships. Communicate protocols and procedures, define roles and responsibilities, establish clear accountability, promote proper conduct, and generate comprehensive reports that can be used as a proof of compliance for MAS regulators.

Identify emerging risks and opportunities

Ensure that you senior managers keep their certifications current to stay fit and proper for their roles. Set up alerts and notifications for past due tasks and assignments. Conduct risk assessments and execute actions to mitigate the impact of non-compliance to the regime.

Enhance integrity & drive cultural change

Establish prudent behavior and ethical business standards through accountability and proper conduct. Use the solution to communicate roles, responsibilities, company updates, protocols, procedures, business results, and corporate performance reports. Assign tasks to your employees and hold them accountable for the tasks’ completion. Set up automated notifications for post due tasks.

Generate compliance reports

Generate and distribute compliance reports and certification records to key stakeholders and MAS regulatory body. Keep an audit trail of accountability with document version control. Select deployment frequency and specify recipients. Export your reports in Word, Excel, PPT, or PDF format.

MAS IAC software
  • SaaS, on premise, or private cloud deployment
  • Industry-leading security for your data
  • Flexible configuration and customization
  • Rapid implementation
  • Ongoing support and innovation

“Corporater accountability module for UK SMCR, and other accountability regulations like Australia BEAR, Ireland SEAR, Hong Kong MIC, Singapore MAS and the like is very impressive. One of the best and most well thought out solutions for these regulations. Corporater understands the depth of the requirements and how they impact organizations.”

Michael Rasmussen

GRC Analyst and Pundit | GRC 20/20 Research LLC

Key Capabilities

Corporater MAS IAC solution comes pre-configured with best practice frameworks, templates, and functionalities needed for effective regulatory compliance management.

Compliance Dashboards

Create custom compliance dashboards to have a complete overview of your compliance status, initiatives, and activities.

Automated Workflows

Automate your business processes and workflows to streamline operations, increase accountability, and ensure adherence to your procedures.

Compliance Reports

Generate compliance reports and submit them through review / approval process. Include visual elements such as charts and graphs.

Data Visualization

Visualize your data story with custom-colored charts, graphs, risk heat maps, strategy maps, and more. Add your brand colors and design elements.

Flexible Configuration

Create a digital twin of your organization. Corporater features an agile, flexible configuration environment managed directly by end users.

Meeting Management

Set up meeting invites, create agendas, tag projects to be reviewed and discussed, add attachments, and send out meeting invites to attendees.

Business Framework Support

Establish, visualize, and align goals, objectives, and thresholds across the organization according to well-known business frameworks.

Access Control

Assign custom user access based on user role and control user permissions to manage content visibility and access to specific dashboards and features.

Alerts & Notifications

Create custom alerts to notify key stakeholders when a KPI moves above or below a specified threshold, when a goal is reached, or when a new issue arises.

Ready to get started? Request your free demo today.

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Why top organizations choose Corporater

Deployment of your choice

Select deployment option that fits your needs: SaaS, on premise, or private cloud.

Powerful Data Integration

Integrate data from various sources to have a full picture of your business.

Flexible Configuration

Have it your way – create a solution that fits your specific business requirements.

Rapid Implementation

Get up and running in weeks, not months, with Corporater ready-to-go accelerators.

Industry-leading Security

Corporater is VL5 Veracode Verified and offers the highest level of security.

World-class Customer Support

We are here for you with premium support and continuous innovation updates.

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