Operational Risk and Resilience

Regulatory standards, like APRAs CPS230 Operational Risk, are designed to strengthen the management of operational risk. Our approach is focussed on supporting organisations deliver better business outcomes in managing risk, and delivering to the requirements of regulatory standards. To understand our approach we outline below how we leverage a maturity based model to foster better insight, challenge norms, and focus on collaborative problem-solving.

Maturity Model

Promote discussion

Generate discussion

Focus on value from risk

Problem-solving

Practical solutions

Read about APRA CPS230
Read more about our maturity model
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Operational Risk Training

Ensuring all employees have an understanding of the requirements of Operational Risk is fundamental to embedding the practices in your business. Meta Risk Education Academy provides online elearning courses about Prudential Standards and risk management.

MetaRisk Education Academy

Embedding operational risk to deliver great customer and business outcomes

The actions of leaders across the business are critical for successful operational risk and business outcomes. We focus on helping organisations assess, define and embed operational risk through engagement of the Board and senior management through our risk maturity model.

Our approach considers 6 key elements to develop operational risk in an organisation. The elements are key principles, risk framework, role of the board, operational risk, business continuity and service providers - which all align to the APRA standard.

Key Principles

Our approach is to support better operational risk management for your organisation, through practical frameworks, systems and processes which embed the activity within the front-line business.

Risk Framework

We focus our maturity model on the overall framework elements, being the risk management framework and the relationship to the risk management strategy.

Role of the Board

The model supports clarity in the articulation of the role of the board and how those detailed elements support executing the boards overall accountability for operational risk, business continuity, and service providers.

Operational Risk

This area can be quite complex and challenging, with the key elements in the maturity model focused on embedding operational risk in everything your employees deliver for customers.

Business Continuity

Things may go wrong, and great organisations reduce this from occurring and have alternative processes. The maturity model helps your organisation assess the whole of your business in respect to tolerances and processes.

Service Providers

Ensuring third and fourth parties are assessed is a key component of the maturity model, with a focus on policies, processes and reporting to satisfy the key requirements.

Risk Maturity Asssessments

We help you enhance business outcomes and returns with an effective and cost-efficient self-assessment process that puts you in control rather than relying on others.

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