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Operational Resilience

The FCA has made operational resilience a requirement for banks, building societies, PRA-designated investment firms, enhanced scope firms and other financial institutions.

An operational resilience framework involves identifying important business services, setting impact tolerances, and mapping and testing to respond to operational disruptions.

Our Operational Resilience course will provide you with a better understanding of what the FCA means by operational resilience and how to comply with the FCA's requirements.

We have a free untracked version of this module for everyone to review the course content.

Learning objectives

  • Appreciate what is meant by operational resilience and how it differs from operational risk and business continuity
  • Recognise different types of operational disruptions
  • Know the key elements of an operational resilience programme and operational mapping
  • Identify important business services
  • Set appropriate impact tolerances for important business services
  • Take appropriate action in line with FCA guidance to map operational resilience across your firm and perform scenario testing
  • Communicate operational resilience plans effectively and provide adequate governance

    What can you expect your employees to learn?

Introduction

What is operational resilience?

  • What are operational disruptions?
  • You decide: Why is it important?
  • Operational risk versus operational resilience
  • What is the difference between operational resilience & business continuity or disaster recovery?

What is the history of operational resilience?

  • Let's look at the key elements of an operational resilience programme in more detail
  • You decide: Who is responsible for operational resilience?
  • What are the implementation deadlines for operational resilience?

What are important business services?

  • Key factors in identifying important business services
  • You decide: Is it an important business service or not?

What are impact tolerances for operational resilience?

  • Key considerations when setting impact tolerance
  • Examples
  • Scenario: The call centre

What is operational resilience mapping?

  • More on mapping
  • You decide: True or false?

Scenario testing

  • You decide: What scenarios to test?
  • Cyber resilience 

Lessons learned exercises

  • You decide: The elements of an operational resilience self-assessment
  • Self-assessment documentation

You decide: The elements of an operational resilience self-assessment

  • Self-assessment documentation

Developing communications plans for when important business services are disrupted

  • Getting communications right
  • You decide: Recognising the benefits

Governance & operational resilience

Supervisory review & feedback

Critical third-party providers - the proposed new rules

 

Summary

Affirmation

Assessment

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Your questions, answered

How can I benchmark my team's cyber security awareness?

An anonymous cybersecurity awareness survey can assess your team’s understanding of critical security practices. Skillcast offers ready-to-use surveys to benchmark awareness levels and identify areas needing extra focus.

Are Skillcast courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarationssurveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Is our training content still compliant with the latest legislation?

  • You can check the latest course content updates in our library updates page: https://www.skillcast.com/compliance-course-library-updates
  • For major legislative changes, we:
    • Will send you email alerts to ensure you are notified
    • Offer you a free trial of newly created or updated content
    • Host webinars with compliance experts to explain the changes and how our training supports your ongoing compliance

Can you translate our content into other languages?

Yes, we offer translations in a wide range of languages. Let us know your needs, and we’ll confirm availability or work with you to plan translations for your selected modules.

How can I give employees a secure way to record suspicious activity so we can act quickly?

Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.

What file types are supported by the Skillcast system?

Features

Supported file types and details

File Exchange

File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB

SCORM files

Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB

xAPI file

Max file size: 2GB

Videos

File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help

Images

File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB

CPD evidence

File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Policy documents

PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Offline activities evidence

File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Client logo files

File types provided by client: EPS, PDF, AI and SVG

Registers

PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files

Declarations

JPG, JPEG, PNG, GIF, XLS and XLSX files