Threat, Vulnerability And Risk Assessment (TVRA)
What is TVRA Certification?
TVRA (Threat and Vulnerability Risk Assessment) is a set of requirements issued by the Monetary Authority of Singapore (MAS) for all Singapore-based financial institutions with an overseas physical presence. TVRA forms part of the Technology Risk Management Guidelines, aiming to deepen the financial institutions’ technology risk management capabilities and be ready to handle IT security incidents and system failures.
The MAS expects financial institutions to perform a TVRA on data centers in both Singapore and overseas, as long as the latter supports the financial institution’s Singapore operations.
Benefits of TVRA Certification
Risk Reduction
Increases productivity
Credibility
Cheap rate with best services
Efficiency & Productivity
Increases productivity
Who can be certified TVRA Certification?
Manufacturing Companies
Service Sector
Petroleum Industry
Electrical Industry
Piping Equipment
Gas Equipment
Machine Supply
Pipe Fitting
Engineering Industry
Panel Gas Supply
Oil & Gas Industry
Petroleum Equipment
Chemical Industry
Gas Meter Equipment
Electrical
Offshore Industry
Document required for TVRA Certification
- Technical File, Product Master File (TCF)
- Product Testing
- System Manual
- System Procedure
- Policy
- Objectives
- Mission & Vision
- Plant Master File
- Standard Operating Procedure (SOP)
- Checklist
- Forms
- Formats
- Records
The extent of Documented Information differs as per:
- Product and it's uses
- Testing requirement of products
- Directive in which product classified
- Self Certification or Compliance Certification
- Notify body Certificate
Role of Shamkris and Process of TVRA Certification
Shamkris adopts a results-oriented approach to compliance product certification, A simple & practical method of product certification organization in timely compliance and fulfills the product certification requirement. Shamkris support 100% on documentation required to comply with product certification either by self-certification or notify body certification to depend on directives.
The implementation process is described below:
Time Frame
Task
Process
Day 1
Scope defined
Self Certification/NoBo
Selection
Cost Estimates
- Finding directive and EN standard applicable to the product
- Selecting the appropriate certification scheme
- Based on the scope of the product and certification scheme
Week 1
Developing Documents
- Technical file, Plant Master file and Test Protocol
- Management System Manual, Management System Procedures, Policy, Objectives, Forms etc.
- Review of Standard Operating Procedures (SOP)
Week 4
Implementing Product Management System
- TVRA Awareness training to QC manager and Production Manager
- Implementing a well-documented manual throughout the life cycle of the product
Week 8
Internal Audit
MRM
CAPA
- Internal audits identifying nonconformities related to TVRA requirements
- Management Review Meetings
- Corrective and Preventive Action plan for nonconformities
Week 10
Self Certification/NoBo
Audit
N-C Closing
- Shamkris acts on your behalf and assists you in the third-party audit
- Closing of any nonconformities identified by the Self Certification/NoBo
Week 12
Self Certification/NoBo
- TVRA certificates issued for years
- Surveillance Audits yearly
Year on Year
Yearly Compliance
- Support of Yearly documentation for audit