In this blog article, you will find the webinar recording of the session on Operational Resilience delivered by David Tattam, Chief Research and Content Officer, and Justin Eley, Head of Product at Protecht in partnership with the Governance Institute of Australia.
Here are some of the key learnings from the session:
- Appreciate what Operational Resilience means and why it is critical to all organisations going forward
- Appreciate the drivers of resilience and the regulatory focus
- Understand what a practical operational resilience capability looks like
- Appreciate the linkage with other resilience functions such as BCP/DRP and Contingency Planning
- What needs to be done to achieve operational resilience?
Operational Resilience is about our ability to avoid, withstand and recover from major stress events. The world seems to be experiencing a much higher frequency of stressful events and major disruption seems like a regular occurrence. Our recent focus has therefore turned to making our organisations more resilient so that we are better prepared for whatever is thrown at us.
In addition, in the financial services sector, the regulators are demanding much more, so the organisation is able to demonstrate adequate levels of resilience. This requires a lot of work, mapping of processes, identification of key resources, mapping of risks and controls to those resources, and being able to test stress scenarios against your systems and processes.
This webinar takes a practical look at what is required to become resilient.
If you would like to know more about how Protecht can help your business, request a demo of our Protecht.ERM system now.