Operational Resilience 2025: reimagining model risk management for FS

Operational Resilience 2025: reimagining model risk management for FS

The FCA’s recent push on operational resilience is driven by the harm disruptions to business can cause to consumers and the financial system. While you’ve all set out your approach, now is not the time to take your foot off the pedal. The last two years have shown that you need to be more responsive than ever to what’s around the corner. So what’s the next step?

Impact tolerances

Organisations must operate within their impact tolerances across model developers, validators and auditors using a wide range of tools and data, In the context of an ever-more complex landscape, how do you simplify and optimise your operation and set yourself up now for 2025?

Build forward securely

The toolbox must be adaptive, transparent and holistic. And it’s not just your processes; 3rd party risk management is now in the spotlight, too. How do you build a secure system of record that combines strong risk management processes, cyber resilience, ethics, monitoring and validation across everything that you do?

Data, goals, purposes

To capture all artefacts, you need an automated, continuous, robust and standardised approach to the model risk management process that optimises AI/ML in order to contribute to overall operational resilience. How do you get the data you need to ensure your model aligns with your business goals and purposes?