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Article
The Art of Making Risk and Control Self-Assessments Meaningful
A senior risk leader urges organisations to transform RCSAs into dynamic, insight-driven tools that enhance resilience and strategic alignment.
Sep 19, 2025
Armel Massimina, Operational Risk Lead, National Bank of Kuwait (International)
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
- RCSAs must evolve from compliance to dynamic tools integrated into strategy
- Controls need context awareness and performance testing for effectiveness
- Success relies on leadership buy in clear roles strong capability and consistent methodology
- Shift from annual static reviews to timely updates aligned with business changes
- Clarify ownership link risks to objectives to drive engagement
- Connect RCSAs to strategic risks and operational controls for coherence
- Test critical controls proportionally with governance oversight
- Annual attestations build accountability from frontline to board
- KRIs must be meaningful tied to risk appetite with quantitative and qualitative insights
- Effective RCSAs enhance operational resilience and disruption readiness
- Technology helps but requires quality data and strong governance
- Leadership orchestration ensures alignment and cohesion
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