Operational Resilience
Foster strength and agility
Today, the importance of a robust approach to operational resilience for financial services firms can be in no doubt. aCCelerate GRC Operational Resilience enables organisations to connect their programmes directly to their operational risk, enterprise risk, and other GRC information. Data, actions and outcomes are understood in the context of the firm’s overall risk appetite and strategic goals. This enables faster decision-making in times of crisis, stronger resiliency, and ongoing regulatory compliance.
Improve operational resilience
For financial services firms, operational resilience is the ability to prevent, adapt, respond to, recover and learn from operational disruptions. Looked at another way, operational resilience is an outcome that a firm’s risk and control framework leads to. aCCelerate GRC’s connected approach to operational resilience enables firms to engage with the information needed to make the right decisions, to stay compliant and meet the business’s strategic goals in the face of a crisis. aCCelerate GRC Operational Resilience enables organisations to:
- Maintain a business services library – Build and manage a single source of truth about the organisation’s business services
- Create impact tolerances – Use assessments to identify and understand potential impacts on business services with a range of criteria.
- Track impacts on business services – Build key indicators that can automatically flag the crossing of an impact tolerance thresholds, based on API data feeds.
- Connect risks and controls – Link risks and controls to the risk appetite, to related business services, and to resources necessary to deliver those services.
- Manage actions and learn lessons – Automate key actions, engage with impact event management, and access this rich information archive to learn lessons.
- Support scenario analysis – Capture important information that can be used to create and test operational resilience scenarios.
- Share operational resilience insights – Through powerful, integrated BI reporting, provide the business, the board, and regulators with the operational resilience intelligence they need.
