Description

A focused course, tailored for you

Technology Risk for a Retail Brokerage at Scale

A working playbook for the MD who owns technology risk across trading platforms, custody systems, and the client-facing app.

Trading platform availability, custody integrity, and client-app cyber exposure live in three different scoring worlds. The quarterly tech-risk slide has to roll them up into one residual rating the CRO and risk committee will sign.

$199 one-time

Tailored to your situation. Access within 24 hours. 30-day money-back.

Includes a hand-built implementation playbook delivered alongside course access, generated for your specific situation.

Why this course

Technology risk in a large retail brokerage is not a single domain. It is the trading and order-routing platform with Reg SCI obligations, the custody and post-trade systems with SEC 17a and FINRA recordkeeping obligations, the client-facing web and mobile apps with cyber and fraud exposure, the cloud providers and core SaaS vendors that all of the above depend on, and the identity, access, and change pipelines that touch every one of them. Each stack has its own scoring history, its own owner, its own audit cycle. The committee, the regulators, and the model risk team need one residual rating and a defensible method. Building that without flattening the technical detail, and without making the slide unreadable, is the core problem. The second problem is keeping the method stable across quarters so the trend line means something. The third is making it survive an SR 11-7 style review when risk modelling is taken seriously as a model.

What you walk away with

A consolidated technology risk taxonomy that covers trading, custody, client channels, identity, and third-party dependencies in one register.
A residual rating method that turns telemetry, incidents, and control posture into a defensible number per stack and per consolidated view.
A regulator-grade evidence pack for Reg SCI, FFIEC IT, FINRA cyber, and SEC cyber disclosure, refreshed each quarter from the same source.
A quarterly readout template that the CRO and risk committee can use without translation and that holds up under SR 11-7 style model review.
A third-party tech-risk extension that handles cloud, SaaS, and custodial connections without doubling the workload.

The 12 modules

Module 1. The retail-brokerage technology risk taxonomy

Builds the single taxonomy that covers trading and order routing, clearing and custody, client web and mobile channels, identity and access, change and release, third-party SaaS and cloud, and post-trade reconciliation. Defines the scope each line of defence owns and the seam where the consolidated view sits. Outputs the master register template used by every later module.

Module 2. Reg SCI scoping for the trading and clearing stack

Walks through Reg SCI obligations for SCI systems and SCI critical systems in a retail-broker context. Covers the inventory of in-scope platforms, change management and testing evidence, business continuity and disaster recovery proof, and the 24-hour SCI event reporting flow. Produces the SCI evidence checklist and event playbook you can drop into the quarterly readout.

Module 3. FFIEC IT booklets aligned to your stack

Maps the FFIEC IT Examination Handbook booklets that matter to a retail-brokerage technology risk function: Operations, Information Security, Business Continuity Management, Outsourcing Technology Services, and Architecture, Infrastructure, and Operations. Translates each into the control statements your register already carries and identifies the gaps that examiners flag most often.

Module 4. FINRA cyber and SEC cyber disclosure obligations

Covers FINRA Rule 4370 business continuity, FINRA cyber expectations from the recent priorities letters, SEC Regulation S-P safeguards, and the SEC cyber incident disclosure rule for materiality assessment and Item 1.05 8-K reporting. Builds the decision tree that takes an incident from detection to materiality call to disclosure draft with the right people in the room.

Module 5. NIST CSF 2.0 as the common control language

Adopts NIST CSF 2.0 as the cross-stack control vocabulary so trading platform controls, custody controls, and client-channel controls speak the same language. Walks through Govern, Identify, Protect, Detect, Respond, Recover for the retail-broker context and produces the mapping spreadsheet that ties internal controls to CSF subcategories with evidence pointers.

Module 6. Third-party and SaaS technology risk

Handles the part of the stack you do not run. Covers cloud provider shared-responsibility evidence, critical SaaS vendor assessments, custodial and clearing-firm connections, market data vendors, and the FFIEC outsourcing booklet expectations. Builds a third-party tech-risk register that ties to the master register without doubling effort and produces the vendor evidence cadence.

Module 7. Identity, access, and change pipelines

Covers the controls that touch every stack: privileged access management, application identity, just-in-time access for production, segregation of duties for traders and operations, and the change and release pipeline that pushes code to client-facing apps. Defines the metrics that feed residual rating and the evidence artefacts auditors and examiners ask for first.

Module 8. Resilience, recovery, and tabletop evidence

Builds the resilience story across recovery time and recovery point objectives, geographic redundancy, scenario testing for trading outages and cyber incidents, and tabletop exercises that include the CRO, general counsel, and head of communications. Produces the resilience evidence pack that satisfies Reg SCI, FFIEC BCM, and FINRA 4370 at the same time.

Module 9. Residual rating method and quantification

The core technical module. Defines a residual rating method that takes inherent risk, control posture from the register, telemetry-driven indicators, incident history, and third-party exposure, and produces a numeric rating per stack and a consolidated view. Includes scenario weighting, Monte-Carlo sensitivity for the loss-driver tails, and a sanity layer that catches obvious miscalibration.

Module 10. Surviving SR 11-7 style model review

Treats the residual rating method as a model. Documents the conceptual soundness, data lineage, implementation testing, ongoing monitoring, and independent review evidence the Federal Reserve SR 11-7 guidance and the OCC model risk handbook expect. Produces the model documentation pack so model risk management can review without rebuilding the work.

Module 11. Quarterly readout and risk committee narrative

Translates the register and the residual ratings into the slides the CRO and the risk committee will actually use. Covers the one-page summary, the trend view, the top five drivers, the regulatory exposure summary, and the appendix that holds the evidence pointers. Produces the readout template and the talking-points sheet for the technology risk MD.

Module 12. Operating the function across a quarter

The operating-cadence module. Walks through the rhythm that keeps the register, the residual rating, and the evidence pack fresh without burning out the team: monthly working-group cadence, quarterly committee preparation, the audit and examiner request flow, and the handoff between the technology risk function and CISO, CIO, third-party risk, and operations. Produces the RACI and the operating calendar.

How this addresses your situation

Specific modules that map to what you said you are dealing with.

Going into the quarterly technology risk committee with a consolidated residual rating that the CRO and the independent directors will accept.

Standing up a defensible response to a Reg SCI inspection, an FFIEC IT examination, or a FINRA cyber sweep without a rebuild.

Producing the materiality assessment and Item 1.05 8-K narrative for a cyber incident inside the SEC disclosure window.

Passing an SR 11-7 style independent review of the residual rating method without restarting from scratch.

What you get with this course

Twelve written modules with downloadable templates, worked examples, and decision trees.
The master technology risk register template, pre-populated with the retail-brokerage taxonomy.
The residual rating method workbook with the quantification engine and sensitivity sheets.
The regulator-grade evidence pack template covering Reg SCI, FFIEC IT, FINRA cyber, and SEC cyber disclosure.
The quarterly risk committee readout deck template and talking-points sheet.
The hand-built implementation playbook tailored to a retail-brokerage technology risk function.
Thirty-day refund window.

What you will have in hand by Day 1, Week 1, Month 1

Hour 0: purchase confirmed, course access in the Art of Service learning environment provisioned.

Within 24 hours: account active, hand-built implementation playbook delivered alongside course access.

Weeks 1-2: modules 1-4, master register populated for your stack.

Weeks 3-5: modules 5-8, third-party and resilience evidence built into the register.

Weeks 6-8: modules 9-10, residual rating method drafted and model documentation pack assembled.

Weeks 9-10: modules 11-12, quarterly readout and operating cadence stood up.

Before and after

Before

Three scoring methods across trading, custody, and client channels. A quarterly slide that takes weeks to build, that the CRO partly trusts, and that nobody can fully defend under a model review. Evidence packs reassembled from scratch each examination.

After

One taxonomy, one residual rating method, one evidence pack refreshed quarterly from the same source. A readout the risk committee uses without translation. A method that survives SR 11-7 style review. The implementation playbook means the team is not rebuilding templates.

What happens if you do not address this

The next regulator visit or material cyber incident will land on a method that is not fully defensible. The CRO will want a residual rating, the board will want a materiality call, and the model risk team will want documentation that does not exist yet. Each of those gaps has a finite remediation window and a finding on the way out.

Who it is for

An MD-level technology risk leader at a large US retail brokerage or wealth platform. Reports into the CRO or directly to the technology risk committee. Owns the consolidated tech-risk view across trading platforms, custody and clearing systems, client-facing channels, and the SaaS and cloud underpinnings. Spends the quarter aggregating evidence from CISO, CIO, third-party risk, and operations. Has examiner contact under Reg SCI, FFIEC IT booklets, FINRA cyber, and SEC cyber disclosure rules.

Who this is NOT for. Not for application security engineers or SOC analysts. Not for first-line IT operations managers. Not for a generalist enterprise risk role with no technology mandate. This is for the leader who has to roll a multi-stack technology picture into a single residual rating that risk committee, CRO, and regulators will all use.

How it arrives

Text-based course in the Art of Service learning environment, plus downloadable templates and worked examples for every module, plus the hand-built implementation playbook delivered alongside course access.

Time investment. Roughly four to six hours per module, ten weeks at a steady pace, faster if a team takes modules in parallel.

Why $199 is the right number

A Big Four advisory engagement on this scope runs into six figures and produces a method the buyer still has to operate. A generic GRC platform handles the register but not the residual rating method and not the regulator-grade evidence pack. A free reading list across Reg SCI, FFIEC, FINRA, SEC, and NIST is several hundred pages and produces no template, no register, and no playbook. This course produces the working artefacts and a method that the buyer's team operates from day one.

FAQ

Does this cover a clearing broker or just an introducing broker?

It covers both, and treats the clearing relationship as a third-party tech-risk in module 6 when the buyer is an introducing broker. The Reg SCI scoping in module 2 adjusts depending on whether the buyer operates SCI systems directly.

How does the residual rating method handle cloud concentration risk?

Module 6 builds the third-party tech-risk register and module 9 weights cloud concentration as an inherent risk driver, with the sensitivity sheet allowing a tail scenario for a single cloud provider failure.

Is the SR 11-7 module a substitute for a model risk management review?

No. It produces the documentation pack the model risk team needs to perform an independent review without rebuilding the work. The independent review itself stays inside the second line of defence.

How current is the SEC cyber disclosure content?

Module 4 reflects the SEC cyber incident disclosure rule and the current materiality assessment guidance, with a decision tree for the Item 1.05 8-K filing flow.

Can the implementation playbook be shared with the team?

Yes, within the buyer's organisation. The licence allows internal use across the technology risk function and the supporting CISO, CIO, third-party risk, and audit teams.

30-day money-back guarantee. If after a week of working through the materials this is not what you needed, reply to the receipt email and a full refund is processed. No questions, no forms.

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.