Introducing Mason Advisory's Operational Resilience Framework for Financial Services and Insurance

Is your firm ready for updated UK financial sector operational resilience regulations?

At Mason Advisory, we understand the critical importance of operational resilience in the ever-evolving landscape of financial services. That’s why we’re excited to introduce our comprehensive Operational Resilience Framework. It is designed to align with Prudential Regulation Authority (PRA), FCA (Financial Conduct Authority) and DORA (Digital Operational Resilience Act). requirements, principles, and guidelines. But it also provides the practical foundations from which to integrate true resilience across your whole organisational ecosystem.

Key Components of our Framework

Regulatory compliance: Our framework is built upon the foundation of PRA requirements, including SS1/21 for operational resilience and SS2/21 for the management of outsourcing and third-party risks. We also incorporate guidelines from the European Banking Authority (EBA) and CREST for cyber resilience assessment and testing.

Best practice standards: We go beyond regulatory mandates by integrating industry best practices such as ISO22301 for Business Continuity Management (BCM), ISO27001 for Information Security Management Systems (ISMS), COBIT 2019, and ISO 38500 for IT Governance and Management.

Structured approach: Our framework is supported by a structured approach and proven methodologies, developed by our operational resilience consulting team. This ensures the effective implementation of regulatory requirements through a set of deliverables, artefacts, and templates tailored to your organisation’s specific needs.

Implementation Approach

Op-res strategy: We work with you to develop a comprehensive operational resilience strategy, outlining the key objectives, risk tolerances, and governance frameworks necessary for success.

Operating model: Our team assists in designing an operating model that defines roles, responsibilities, and processes for operational resilience management across your organisation.

Scenario testing: We conduct rigorous scenario testing to evaluate your organisation’s resilience to various disruptions and identify areas for improvement.

Compliance assessment: Our experts perform a thorough compliance assessment across multiple areas, highlighting gaps, issues, and key focus areas for improvement. This assessment forms the basis of your operational resilience roadmap.

Why Choose Mason Advisory?

Enterprise-wide focus: True resilience cannot operate in siloes. Our joined-up approach ensures that your resilience roadmap covers all the bases, from steering the right culture and ways of working, through the technology and capability stack, and right across the supply and customer chain.

Tailored solutions: We understand that every organisation is different. That’s why we tailor our approach to leverage your existing operational resilience capabilities while incorporating proven methodologies to drive meaningful, sustainable change across your people, process, technology and third-party stakeholders.

Holistic support: Our framework offers flexibility, allowing you to select the relevant components that align with your organisation’s needs. From strategy development to tooling implementation, we cover every aspect of operational resilience management, ensuring a comprehensive and cohesive approach designed to tackle your challenges head-on.

Expert guidance: With our team of experienced consultants by your side, you can navigate the complexities of operational resilience with confidence, knowing that you have industry-leading expertise at your disposal.

Take a look at our Operational Resilience Framework Brochure to find out how we can support your organisation.

If you would like to speak to one of our experienced consultants on your operational resilience requirements email us at fsi@masonadvisory.com or call us on +44 (0)333 301 0093.

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