CPS 230 para 24 Management of the Full Range of Operational Risks
The entity must manage its full range of operational risks including legal, regulatory, compliance, conduct, technology, data and change management risk, with senior management responsible for operational risk management
3
artefacts
0
held by a system
1
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
- End to end process ownership records · Document repository
governing documentDocuments that govern the control
- Risk taxonomy evidencing each named risk category · Document repository
- Senior management responsibility assignments · Document repository
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
- Named categories such as conduct or data risk absent from the taxonomy
- Ownership assigned by function rather than end to end process
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 23 Senior Management Information to the Board on Resilience Decisions · CPS 230 para 25 Information and Technology Capability and Asset Health