Fortify Your Resilience with Defensible Frameworks
As Australia’s APRA CPS 230 deadlines draw near, we recognize the challenges regulated entities face. Let us help you simplify the complexities of operational risk management, third-party management and business continuity, so you can achieve compliance with confidence.
Why Choose Us?
Holistic Risk Management
A comprehensive platform to effectively manage operational risks, addressing both internal vulnerabilities and external threats.
Enhanced Decision-making
Gain real-time oversight with detailed reports and interactive dashboards, enabling data-driven, informed decisions.
Powerful Process Visualization
Create detailed end-to-end process maps using an intuitive visual tool to identify critical resources and potential bottlenecks.
Tolerance Monitoring and Testing
Leverage a scenario library for continuous testing of critical functions, covering internal operations and third-party systems.
Solution Components
Register of Critical Operations
Register of Critical Operations
Maintain a centralized view of critical operations for streamlined risk and continuity planning
Resource Mapping
Resource Mapping
Enhance visibility into dependencies to optimize resource allocation and resilience strategies with visualized end to end mapping
Tolerance Monitoring
Tolerance Monitoring
Set and monitor predefined thresholds for operational resilience, ensuring alignment with regulatory standards and organizational goals
Scenario Library
Scenario Library
Create, manage, and test comprehensive scenarios to assess operational resilience under various disruptions
Centralized Risk Repository and Risk Registers
Centralized Risk Repository and Risk Registers
Maintain a unified repository for all risk-related data, providing a single source of truth for effective risk management
Incident Management
Incident Management
Capture incidents and associate to critical operations
Business Continuity Management
Business Continuity Management
Conduct business impact analysis & test BCP periodically
Third Party Risk Management
Third Party Risk Management
Assess and mitigate risks from external vendors to ensure business continuity and compliance
Low Code Dashboard & Reports
Low Code Dashboard & Reports
Leverage low-code tools to create customizable dashboards and generate actionable reports with ease
Key Features
Enhance operational resilience with our unified dashboard, designed to monitor critical operations and important business services in real time. This feature provides the ability to conduct self-assessments, track key performance indicators, and generate downloadable reports for compliance and performance analysis
Visualize and manage elevated risks with our Risk Heatmaps, designed to provide a clear view of vulnerabilities and failed controls across your Important Business Services (IBS) and critical operations.
Streamline the management of your Important Business Services (IBS) with a centralized platform that allows you to define and monitor critical services using predefined templates. This feature ensures that services remain within resilience tolerance levels
Efficiently map the end-to-end processes that underpin your Important Business Services (IBS) using our inbuilt drawing tool. This feature enables you to create detailed process flows, identifying critical components such as personnel, facilities, procedures, technology, information, and third-party dependencies. With a clear visual representation, you can effectively conduct stress testing to assess resilience and identify potential vulnerabilities
Strengthen your Business Continuity Planning (BCP) by conducting comprehensive Business Impact Analysis (BIA) of all critical activities within your Important Business Services (IBS). This feature enables you to assess potential risks, perform stress testing, and develop actionable strategies to ensure uninterrupted operations during disruptions.
Frequently Asked Questions
What are the APRA’s expectations on operational resilience?
Risk Central can be used to define the Strategic Objectives and supports Performance Management.
This module can be used as a simple library of Objectives and Key Performance Indicators. The module works as a comprehensive Balanced Scorecard as well for robust Performance Management. Specific or common Scorecards can be assigned to multiple Roles and Users enabling both individual and common goals to be achieved. Risks can be linked to Objectives and KPI’s can be associated to KRI’s using custom formulas to achieve the ‘Likelihood of Success’ ‘Objective Centric Risk and Certainty’ management metrics.
Automated workflows and Initiatives management ensures that everything is actionable and measurable.
What is the deadline for compliance with APRA CPS 230?
Firms must comply with APRA CPS 230 by 1 July 2025, ensuring their operational risk management and resilience frameworks align with regulatory requirements
How do I prepare for operational resilience audits or reviews?
To prepare, ensure your firm has:
1. Mapped out all critical business services.
2. Documented scenarios and testing outcomes.
3. An established governance framework.
4. Evidence of a robust response and recovery plan.
How does operational resilience differ from business continuity?
While both involve managing disruptions, operational resilience focuses on ensuring critical services remain available during crises, whereas business continuity focuses on restoring operations after disruptions.
What are the penalties for non-compliance with operational resilience regulations?
Non-compliance may result in fines, enforcement actions, or reputational damage. APRA CPS 230 emphasizes the importance of proactive measures to mitigate risks.
How do third-party relationships affect operational resilience?
Outsourcing or third-party services play a critical role in delivering business services. Firms must ensure third parties meet resilience standards and monitor risks associated with outsourcing.
What is scenario testing in operational resilience?
Scenario testing in operational resilience involves simulating severe but plausible disruptions to assess whether your organization can continue delivering critical operations within defined impact tolerances. It is a key requirement under APRA CPS 230.
Recommended Resources
Overview of the Australian Operational Resilience Regulatory Guidelines
The objective of this Prudential Standard CPS 230 is to establish and…
Impact Tolerance – Setting Impact Tolerance is a Vital Step to Build and Enhance Operational Resilience of an Organisation.
Impact Tolerance is quantifying the level of disruption, a critical business service…
Key Highlights of APRA`s Discussion Paper on Strengthening Operational Risk Management
Events of recent years like COVID-19, cyber-attacks, flood and storms etc. has…