The COO, Agile and Operational Resilience

Questions arising for the COO in relation to agile and operational resilience working in harmony:

  • How should the COO navigate this delicate balancing act between both operational, even organisational resilience, and business agility?
  • What are the real challenges and issues in trying to balance resilience on the one hand and agility on the other? How conflicting are they?  
  • What systems, processes, even people, can a COO put in place to systematise and account for both agility and resilience at the same time?
  • What actionable and practical advice for COOs would you give so they can try to achieve this balance?
  • What do COOs have to bear in mind in terms of security, access and privacy, i.e. do COOs need to provide robust and resilient services that are secure, yet allow for flexible access and agile services? Please expand. 
  • How can COOs use data to deliver both resilience and agility? How important is visibility on how a business operates, i.e. dashboards, drill down on operational data etc?
  • If COOs get the balance between resilience and agility right, what will it allow them to achieve, where are the opportunities? 

It is a misconception that operational resilience and agility are opposing forces, battling for supremacy, driving in opposite directions, when they are complementary. For any company to progress, embedding resilience and embracing agility is fundamental to delivering enhanced business performance, whilst minimising risk in this pursuit. 

The COO sits at the centre of each company and therefore is well positioned to oversee the adoption of resilience and agile policies and their governance: this statement is somewhat of a simplification as every COO mandate is different, in ownership and influence. To this end, it is their influence on the CEO that is key to success, where leadership, culture, education, governance, and technology are the component parts that enable the marriage of operational resilience to agility to work in harmony.

Consumer Duty – A Hot Topic

Terry Yodaiken, Armstrong Wolfe Advisor The July 2023 deadline for firms to have completed effective implementation for the FCA’s Consumer Duty initiative is fast approaching and exactly where asset managers are in their implementation journey’s is a hot topic.  To...

Converging Paths: The Synchronicity of Product Visionaries

In the realm of innovation, where revolutions unfold, it is crucial to comprehend the profound significance of design.Design is not about mere appearances; it is the fusion of aesthetics, functionality, and human experience. Our duty as pioneers of the digital age is...

Management challenges within hybrid working

Hybrid working has become the pyramidal battleground between the authority of the company to define its working patterns and the right of the individual to select their own. This point of tension rests upon an understandable, although some would say aged corporate...

3 of 24 things on the Control Officer’s mind

1. What’s in a name? 2. Can you measure culture? 3. Emerging technologies 1. What’s in a name? Within the continued evolution of controls and 1st line risk management, some banks are renaming their control function, risk management. Most say it would make sense to...

Workforce Management: Caught in the hybrid cul-de-sac

The honeymoon period for hybrid working is over, the hopes of a new epoch in working practices has hairline cracks, and companies that embraced this new dawn are facing difficult decisions. It is too simplistic to draw a line mid-Atlantic to define where banking and...

Mental Health Forum Summary – UK Mental Health Week 2023

The use of data to manage stress and mental health in the workplace is crucial for maximising productivity. In 2022, Armstrong Wolfe launched an ESG data management programme with our alliance partner Sutherland. From this programme, we concluded three things: Many...

The role of the COO in developing and implementing ESG strategies

Armstrong Wolfe are looking to establish the current roles and responsibilities of the COO where they relate to managing and interacting with their organisation’s ESG strategy, and to offer a possible framework of solutions to facilitate productive ESG management. In...

24 Things on the CCO’s Mind

Q1 Chief Control Officer Survey: What are the 3 top things you wish to debate with your peers in Q2 2023? In March 2023 iCOOC members participated in a Control and Business Risk survey. Despite a pressing need to adapt operating models and securing funding to further...

Creating High Performance Teams by Enabling Effective Followership

Q1 iCOOC Forum Summary - Creating High Performance Teams by Enabling Effective Followership Character has, throughout history, been one of the most prominent factors in determining the attributes of a good leader. Yet modern leaders are often disconnected from this...