Many firms have decided to continue with their March board meeting as the date to present their 2023 Operational Resilience self-assessment.
The self-assessment is the cornerstone of the Operational Resilience programme and documents a firm’s resilience journey.
The 2023 self-assessment should reflect the progress your programme has made over the past 12 months by highlighting:
- How you have ensured the resilience programme remains visible and the self-assessment alive, through the last 12 months
- How business changes over the past 12 months have impacted IBS selection
- How the firm has matured the granularity of mapping
- What work has taken place to address known resilience vulnerabilities
- What is the investment strategy to remain inside impact tolerances and for addressing known resilience risks
- How you are measuring and reporting on operational resilience
- How you have evolved your testing plan
FourthLine is assisting a number of financial service firms with their Operational Resilience self-assessments and we are in a unique position to offer you self-assessment advisory, quality assurance and benchmarking support.
To enquire how our Operational Resilience specialists can help your firm with creating a self-assessment, enquire here or book a time with one of our consultants here now
