Operational Risk Management and Resilience

Operational risks are categorized into four key areas: Risks originating from failed internal processes, people, systems, and external events. To maintain stability, banks must build resilience by proactively managing and mitigating these risks, ensuring they can withstand disruptions and continue operating smoothly. Assess how effective your operational risk management is and identify potential gaps and their impact.

Are you asking yourself

Have new regulatory requirements been implemented in an audit-proof way – i.e., has the bank established a comprehensive operational risk management framework including data, ICT and vendor risk management?
Has the bank established effective monitoring and reporting to assess and demonstrate on an ongoing basis that businesses operate within operational risk appetites?
Are cybersecurity threats assessed and managed through robust measures to protect the bank’s assets and data?
Has the bank developed a proactive strategy to identify and mitigate technological disruptions that could impact operations?
Is the bank prepared to address geopolitical and economic uncertainties that may affect its operational stability and strategic objectives?

What you will get from us:

Audit-ready compliance: New regulatory requirements implemented in an audit-proof manner across all business units and functions, minimizing operational risks, the risk of non-compliance and associated penalties
Effective monitoring and reporting solutions that allow you to keep ongoing oversight over operational risks and the performance of related key controls
Robust control frameworks and technological strategies for operational – including data, ICT, and vendor – risk management
Preparedness for geopolitical and economic challenges through business continuity management by ensuring operational stability and resilience

Our Approach

Interviews

Interviews with key stakeholders are conducted to assess existing processes and controls and map them against risk appetites and regulatory expectations
Risk Identification

A comprehensive gap analysis based on policies and procedures is conducted to identify gaps and assess their impact
Health Check

The effectiveness and efficiency of the controls assessment and testing approach is evaluated through a health check by our experts
Risk mitigation

Recommendations regarding how to address gaps and improve efficiency and effectiveness of the framework are provided, as well as guidance how to establish effective monitoring and reporting on operational risks