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AIAC AI ASSURANCE COUNCIL™

CAIA-FI-SG-F · Foundation grade · Assurance

Certified AI Assurance Financial Institutions Foundation — MAS

AI governed the MAS way: the Technology Risk Management Guidelines, the Guidelines on Artificial Intelligence Risk Management — including their agentic-AI scope — and the FEAT Principles, applied to AI systems in Singapore-regulated financial institutions.

Reference
CAIA-FI-SG-F
Level
Foundation
Examination
2 hours
Delivery
Remote, proctored
Credential
Valid 2 years

§ 1 — Intended candidates

Who this certification is for

The competency standard for AI assurance inside MAS-regulated financial institutions. Where a horizontal governance credential stops at principles, this one is specific to how a Singapore financial institution is actually expected to govern AI — the supervisory expectations a MAS-regulated firm answers to.

Who it is for. Risk, compliance, technology-risk, model-risk, and internal-audit professionals in banks, insurers, payment institutions, and capital-markets firms regulated by MAS — and the consultants and assurance providers who serve them.

Prerequisites
No formal prerequisites. Candidates are expected to have professional experience in a risk, technology, audit, or compliance function.
Status
Open for registrationOpen for registration · Examinations from October 2026

This is the Foundation grade of the AI Assurance — Financial Institutions family — Practitioner and Fellow follow it. Also at Foundation in this family: Certified AI Assurance Financial Institutions Foundation — EU/DORA.

§ 2 — Examination domains

What the examination covers

The examination is mapped to MAS Technology Risk Management Guidelines, the MAS Guidelines on Artificial Intelligence Risk Management, and the FEAT Principles. Weightings are indicative until each syllabus issues.

  1. 01

    MAS Technology Risk Management25%

    The TRM framework applied to AI systems: technology governance, risk identification, and the controls a regulated institution is expected to evidence.

  2. 02

    FEAT Principles and the Veritas methodology20%

    Fairness, ethics, accountability, and transparency in financial AI, and the Veritas methodology for evidencing them on a live deployment.

  3. 03

    MAS AI risk guidance20%

    The MAS guidelines on AI risk management, including supervisory expectations for agentic AI in financial services.

  4. 04

    Model risk management for AI/ML20%

    Validation, monitoring, and documentation of AI and machine-learning models in a regulated financial institution.

  5. 05

    Outsourcing, third parties, and accountability15%

    Outsourcing, third-party and cloud dependencies, and board and senior-management accountability for AI.

Curriculum mapping indicates alignment of learning content with published frameworks. It does not constitute endorsement by, or certification under, any standards organisation or regulator.

§ 3 — Preparation

What preparation is anchored to

Anchored to published MAS materials — the TRM Guidelines, the FEAT Principles, the Veritas documents, and the MAS AI risk guidance — with applicable ISO/IEC 42001 concepts. Candidates prepare independently against the published materials; the AI risk-guidance module is aligned to the final published guidance and revised on any material change.

The Council certifies individuals — it sells no preparation of any kind, and how a candidate prepared is never visible to an assessor. How impartiality is protected.

§ 4 — How to certify

One route: the examination

Register through the candidate portal, verify your identity once, and sit. On a pass, the credential and its public register entry are issued.

The full rules — registration, identity verification, examination conduct, adjustments, retakes — are in the candidate handbook.

Fees and the pass standard are fixed in the scheme rules and confirmed ahead of the October 2026 examination window.

§ 5 — Assessment

How candidates are assessed

A two-hour scenario paper centred on a supplied deployment in a Singapore-regulated financial institution, producing a structured AI risk assessment against the MAS instruments the syllabus names.

Every script is marked twice — an AI assessor first and provisional, an independent human assessor second and final. The credential carries a unique identifier any employer can check on the public register.

§ 6 — Questions

Questions about this certification

Is this endorsed by MAS?
No. The curriculum is mapped to published MAS materials; mapping is not endorsement by, or certification under, any regulator.
Do I need to work at a bank?
No — the credential suits anyone assuring AI for MAS-regulated firms, including consultants and assurance providers.
What are the prerequisites?
No formal prerequisites. Candidates are expected to have professional experience in a risk, technology, audit, or compliance function.
When can I sit the examination?
Registration is open now through the candidate portal; examination sittings run from the October 2026 window and are scheduled at booking.
How is the examination marked?
Every script is marked twice, in a fixed order: an AI assessor first, producing a provisional mark, and an independent human assessor second, whose determination is final on any divergence. No result is issued on automated marking alone, and no adverse decision — a fail, a suspension, a withdrawal — is ever made without a human assessor.
How long is the credential valid?
2 years from the date of issue, recorded on the public register. The term and what follows it are set out in the revalidation policy.

Scheme-wide questions are answered on the FAQ and in the candidate handbook.

§ 7 — Further reading

Background reading

§ 8 — Register

Register for this examination

Create a candidate account and register now; sittings are scheduled from the October 2026 examination window, and fees are confirmed ahead of it. The marking standard is identical however you prepared.

Register — candidate portal