Operational Resilience
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55 Minutes
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For all staff
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UK
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.
What you’ll learn in
this course
- 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
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