Are you Ready to Comply and Submit your Operational Resilience Reports?
Attend this practical 1 day course conducted by senior expert with over 30 years of market experience to learn about the regulator’s expectations and how to best prepare your organisation for their requirements, as well as how and what to report. The programme will provide a roadmap to setting up robust operational resilience framework and prepare to comply and submit your Operational Resilience Reports.
In the recent years Financial Regulators in the UK and internationally recognised that financial institutions have to not only strengthen their financial resilience but also operational one. From the FCA perspective firms must perform mapping and testing to show that they are able to remain within impact tolerances for each important business service. The deadline to set up the framework and submit reporting has been set up 31 March 2025.
Operational resilience is particularly important in periods of challenging economic times when political landscape, high inflation, climate change and technologies disrupt traditional business models.
This practical course conducted by senior FCA expert provides a comprehensive overview of the key aspects of FCA operational resilience, ensuring participants leave with practical knowledge and actionable strategies.
The course is beneficial for senior managers, compliance officers, risk managers, and anyone responsible for operational resilience within their firm that covers key topics such as identifying important business services, setting impact tolerances, and conducting scenario testing
Attend this practical 1 day course conducted by senior expert with over 30 years of market experience to learn about the regulator’s expectations and how to best prepare your organisation for their requirements, as well as how and what to report. The programme will provide a roadmap to setting up robust operational resilience framework and prepare to comply and submit your Operational Resilience Reports.
In the recent years Financial Regulators in the UK and internationally recognised that financial institutions have to not only strengthen their financial resilience but also operational one. From the FCA perspective firms must perform mapping and testing to show that they are able to remain within impact tolerances for each important business service. The deadline to set up the framework and submit reporting has been set up 31 March 2025.
Operational resilience is particularly important in periods of challenging economic times when political landscape, high inflation, climate change and technologies disrupt traditional business models.
This practical course conducted by senior FCA expert provides a comprehensive overview of the key aspects of FCA operational resilience, ensuring participants leave with practical knowledge and actionable strategies.
The course is beneficial for senior managers, compliance officers, risk managers, and anyone responsible for operational resilience within their firm that covers key topics such as identifying important business services, setting impact tolerances, and conducting scenario testing
Course Content
Introduction to Operational Resilience
Definition and importance of operational resilience
Observations and insights into important Business Services
Criteria for identifying important business services
Group activity: Identifying important business services in your organisation
Definition and importance of impact tolerances
Group activity: Setting impact tolerances for identified business services
Importance of mapping and testing
Third party activities
Group activity: Developing a mapping and testing plan
Common vulnerabilities in operational resilience
Group activity: Conducting a vulnerability assessment
Developing response and recovery plans
Group activity: Creating a response and recovery plan
Recognise and consider FCA handbook requirements
Lessons Learned and Continuous Improvement
Conducting lessons learned exercises
Group discussion: Sharing experiences and best practices
Open floor for questions
Speaker
The course is conducted by a highly experienced regulatory consultant, previously a compliance and risk director who has undertaken a number of Interim Head of Risk & Compliance roles associated with outsourcing, monitoring and assurance projects.His interim roles included FCA-approved head of Risk & Compliance and Money Laundering office positions for a large insurance firm, investment, Financial Technology and Consumer Credit firms.
His breadth of experience includes working across the Insurance, Investments, Consumer Credit, Fund Management and Private Wealth Management sectors.
Paul successfully led a number of companies through regulatory authorisation applications, regulatory change of control applications and variation of regulatory permissions.
He has also undertaken senior Risk & Compliance interim consultant roles that have required strategic assessments and restructuring. Paul has also led and continues to lead FCA S166 reviews as well as acting as FCA Liaison for firms where support has been needed. He is currently advising a number of firms on the FCA compliance matters and regulatory risk management while acting as the Head of Risk & Compliance for a small investment management firm.
