CPS 230 para 17 Review of Operational Risk Management
As part of the risk management framework reviews required under CPS 220 and SPS 220 the entity must review its operational risk management, covering each of the operational risk elements the framework is required to cont
3
artefacts
0
held by a system
2
at each review
hard
to go live
Document repository
where the evidence lives
teal = a system already holds it · olive = produced at each review
system holds itEvidence a system already holds
none for this control
periodic reviewEvidence produced at each review
- Review reports covering operational risk management · Document repository
- Reviewer independence and competence records · HR system / LMS
governing documentDocuments that govern the control
- Scope evidence covering every required framework element · Policy repository / GRC workspace
First move
This control is evidenced by people and documents, not systems. Put the document under version control with an owner and review date, and log each review as a record with reviewer and date. Do not try to automate it.
Common gaps auditors find
- Framework review skips the operational risk elements
- Scope narrower than the elements required by paragraph 16
Do this for your whole sheet
Paste the rows you run your controls from and get this mapping for every control at once, with the periodic-review ones flagged and a first move per row. No account for the first run.
Build my evidence sheetCPS 230 para 16 Operational Risk Elements of the Risk Management Framework · CPS 230 para 18 Integration with the Risk Management Framework and Recovery Planning