EU Payment Services Directive (PSD2) for Risk Managers
Risk Managers identify, assess, and prioritise organisational risks. This guide covers how EU Payment Services Directive (PSD2) impacts the Risk Manager role, key responsibilities, common challenges, and practical tools for success.
How EU Payment Services Directive (PSD2) Impacts Risk Managers
Risk Managers identify, assess, and prioritise organisational risks. They build risk registers, conduct risk assessments, define risk appetite, and ensure that compliance frameworks address the most material threats to the organisation.
EU Payment Services Directive (PSD2) defines 19 controls across 6 domains that directly affect the Risk Manager role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
Risk Manager Responsibilities Under EU Payment Services Directive (PSD2)
Conducting enterprise risk assessments and maintaining the risk register
Defining risk appetite and tolerance levels with executive leadership
Mapping compliance controls to identified risks for coverage analysis
Monitoring key risk indicators (KRIs) and escalating emerging threats
Integrating compliance, operational, and strategic risk management
Common EU Payment Services Directive (PSD2) Challenges for Risk Managers
These are the most common obstacles Risk Managers face when managing EU Payment Services Directive (PSD2) compliance, and how to address them:
Challenge 1
Quantifying cyber risk in financial terms that resonate with executives
Challenge 2
Identifying gaps between compliance control coverage and actual risk exposure
Challenge 3
Integrating risk data from siloed tools and departments
Challenge 4
Keeping risk assessments current as the threat landscape evolves
Challenge 5
Prioritising remediation when resources are limited
Getting Started with EU Payment Services Directive (PSD2) as a Risk Manager
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against EU Payment Services Directive (PSD2). Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map EU Payment Services Directive (PSD2) controls against other frameworks you already comply with. EU Payment Services Directive (PSD2) maps to 3 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with EU Payment Services Directive (PSD2) toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Risk Managers managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
EU Payment Services Directive (PSD2) by Industry
EU Payment Services Directive (PSD2) for Other Roles
Frequently Asked Questions
What does a Risk Manager need to know about EU Payment Services Directive (PSD2)?
How does EU Payment Services Directive (PSD2) affect the Risk Manager role?
What are the biggest EU Payment Services Directive (PSD2) challenges for Risk Managers?
How should a Risk Manager prepare for a EU Payment Services Directive (PSD2) audit?
What tools help Risk Managers manage EU Payment Services Directive (PSD2) compliance?
Risk Manager: How ready is your organisation for EU Payment Services Directive (PSD2)?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.