Operational risk and operational resilience

The ever-increasing focus on operational resilience has provided firms with an opportunity to look at their organisations with fresh eyes and kick the tyres on their existing approaches to understanding and responding to what could go wrong. Becoming resilient will require more than simply continuing to perform existing risk management practices. However, this does not mean that firms have to start from scratch.

In the longer term we would expect there to be strong links emerging between the way that firms manage risks and the way they manage the (operational) resilience of their most important services. However, in the short term, we are finding that firms are focused on making swift and demonstrable progress on building their resilience frameworks and identifying and mapping important business services and tolerances, rather than investing in activities to drive greater alignment.

Download our paper to explore how resilience and risk practitioners could work together to leverage their respective disciplines.