RCSA: The Changing Dynamics of Self-Policing Risk

Article

Risk Control and Self-Assessment (RCSA) has transformed from a periodic review to a dynamic, AI-enhanced process. As organizations align RCSA with strategy and adopt real-time monitoring, how can the framework evolve further to navigate future challenges?

Jan 27, 2025

Penny Cagan, Senior Risk Advisor, PwC

Tags: Resilience Operational and Non Financial Risk Stress Testing

RCSA: The Changing Dynamics of Self-Policing Risk

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

RCSA has shifted from annual reviews to real-time processes, incorporating triggers and end-to-end accountability across business functions.
Integrating RCSA with strategic business processes enables organizations to identify vulnerabilities and streamline risk management.
Leveraging AI can enhance RCSA by automating monitoring, identifying trends, and analyzing control deficiencies more efficiently.
Combining scenario analysis with loss data transforms RCSA into a forward-looking tool, addressing both emerging and inherent risks.