It was mentioned in class that we can use industry fraud cases to build a more realistic scenario, but I’m still wondering how to actually do that in practice. I'm curious about how to translate their failures into our own environment. How do we take their control breakdowns, escalation delays, and dependency failures and adapt them to a desk with different products, systems, and risk profiles? And how do we use those cases to find our own weak spots instead of just copying someone else’s situation?
We discussed how the operational resilience playbook is designed last week. However, in real-world situations, I think it’s not always clear where ownership really sits, is it at the group level or across the whole enterprise? And if front-line units just follow “standard processes” instead of taking accountability for resilience, how can we make sure that the resilience playbook actually works when disruption happens?
Roles and accountability will be covered in the lesson on Governance. On how can we make sure that the resilience playbook actually works when disruption happens? Test always test and iterate
I understand how we should build Operational Resilience MECE 3 structure for a business to bounce back when controls fail. But in context to the oil trading business for the assignment, where do we get detailed information to create the playbook, should we use online sources?
It was mentioned in class that we can use industry fraud cases to build a more realistic scenario, but I’m still wondering how to actually do that in practice. I'm curious about how to translate their failures into our own environment. How do we take their control breakdowns, escalation delays, and dependency failures and adapt them to a desk with different products, systems, and risk profiles? And how do we use those cases to find our own weak spots instead of just copying someone else’s situation?
We discussed how the operational resilience playbook is designed last week. However, in real-world situations, I think it’s not always clear where ownership really sits, is it at the group level or across the whole enterprise? And if front-line units just follow “standard processes” instead of taking accountability for resilience, how can we make sure that the resilience playbook actually works when disruption happens?
I understand how we should build Operational Resilience MECE 3 structure for a business to bounce back when controls fail. But in context to the oil trading business for the assignment, where do we get detailed information to create the playbook, should we use online sources?
I was wondering if there were any instructions available for A5. Thank you!