Course description
Course outline and objectives
Cyber risk management and security are generally accepted to existential risks for all financial services firms, but are often left to specialist IT teams. Compliance and Risk professionals have a duty to provide specific assurance to their Boards based on their role and skill-set but their ability to do so is often affected by the increasingly specialist nature of the cyber security environment.
By the end of the session, participants will:
- Understand how the FCA's requirements fit into the broader control and regulatory framework
- Understand the extent and nature of their oversight and advisory roles to the Board and the business
- Recognise how to leverage existing tools such as the risk assessment, risk appetite, risk appetite statement and the Conduct Risk Framework
- Recognise the key differences between "normal" risk assessment and assessing the cyber threat - and the value that each can add to the other
- Understand what guidance from FCA and other sources is available and how to leverage it
- Gain strategies for developing effective working papers
- Understand the links between cyber security and the Consumer Duty and how they affect each other
- Understand what "good" looks like in terms of senior management oversight and governance and their role in delivering it
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