APRA CPS 230 risk management refers to the processes and controls Australian financial institutions must implement to manage operational risk under APRA’s CPS 230 standard. APRA CPS 230 risk management focuses on ensuring organisations can prevent, respond to, and recover from operational disruptions, including technology failures, cyber incidents, and third-party outages. Effective APRA CPS 230 risk management requires clear governance, defined tolerances, testing of critical operations, and board oversight. Organisations must demonstrate that APRA CPS 230 risk management is embedded across business units and supported by consistent reporting. As regulatory scrutiny increases, APRA CPS 230 risk management has become a board-level priority for banks, insurers, and superannuation funds seeking to demonstrate resilience and compliance.