As a Systemically Important Financial Market Utility (SIFMU), we are dedicated to maintaining the highest standards of operational resilience to ensure continuous service for our clearing members and the financial market. We’ve evolved from simply planning for disruptions to building resilient architecture that empowers people, strengthens processes, and leverages innovative technology.
This approach ensures that no matter the challenge, whether operational, environmental or technological, we remain steadfast in protecting market stability and supporting the investors, firms and institutions who depend on OCC every day.
Our Approach
People
|
Process |
System + Technology |
| We identify key roles needed to execute critical processes and ensure staff redundancy, which includes: |
Our process resiliency strategy includes: |
Our technology infrastructure is designed with resiliency as a foundation: |
- Comprehensive training and capability assessment
- Strategic system access management
- Geographic diversity of resources to mitigate regional risks
|
- Identification of interdependencies between processes, systems, third parties, and data feeds
- Development of robust business continuity strategies
- Regular validation through testing and formal assessments
|
- Multi-region capabilities
- 2-hour Recovery Time Objective (RTO) for RegSCI systems
- Workload shifting across regions
- Developing advanced cloud technology leveraging AWS capabilities
|
Our Advantage
Our integrated approach to business continuity provides:
- Minimal disruption during incidents
- Rapid recovery from any event
- Continuous improvement through testing and evaluation
Our Risk Mitigation
Cyber Events
|
Regional Disruptions |
Resource Availability |
| Cyber attacks represent a significant threat to financial market utilities. |
Natural disasters or infrastructure failures can impact regional operations.
|
Pandemic or labor events can affect staff availability. |
| Our comprehensive security protocols and multi-layered defense systems protect against evolving cyber threats. |
Geographic diversity across multiple regions ensures continuous operations even during regional disruptions. |
Cross-training, tertiary staffing models, and flexible work arrangements ensure operational continuity. |
Our Program Lifecycle
Our Certifications
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