PSD2 SCA for Risk Managers
What does PSD2 SCA require of a Risk Manager?
Risk Managers identify, assess, and prioritise organisational risks. Under PSD2 SCA, the work that lands on a Risk Manager is deciding which controls you own outright, which you share, and which belong to another team, then holding evidence for the first group.
Which PSD2 SCA controls land on the Risk Manager
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.
PSD2 SCA includes requirements 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.
What a Risk Manager is accountable for under PSD2 SCA
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
Where Risk Managers lose time on PSD2 SCA
These are the most common obstacles Risk Managers face when managing PSD2 SCA 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
A working order for a Risk Manager starting on PSD2 SCA
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against PSD2 SCA. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map PSD2 SCA controls against other frameworks you already comply with. PSD2 SCA maps to 146 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with PSD2 SCA 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.
PSD2 SCA in your sector
Who else owns part of PSD2 SCA
Questions Risk Managers ask about PSD2 SCA
What does a Risk Manager need to know about PSD2 SCA?
How does PSD2 SCA affect the Risk Manager role?
What are the biggest PSD2 SCA challenges for Risk Managers?
How should a Risk Manager prepare for a PSD2 SCA audit?
What tools help Risk Managers manage PSD2 SCA compliance?
Risk Manager: How ready is your organisation for PSD2 SCA?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.