Disaster recovery for banks was a plan written to help the bank recover in the event of a natural disaster. With continued interdependence on technology, these plans have become more comprehensive to encompass many different types of events that can disrupt normal bank operations. This planning has evolved into what is now known as Business Continuity Management (BCM). BCM plans incorporate analysis of potential system downtimes, resources, and risks to provide sound strategies and detailed plans for recovery and resilience of normal bank operations in various types of “disaster” scenarios. This course outlines the steps to build a sound BCM plan according to regulatory guidance. This course is intended for management, directors, and security personnel, both physical and information.

Learning Objectives:

• Understand the terminology and components of Business Continuity Management
• Understand how to build a strong Business Impact Analysis
• Understand the components of Risk Assessment
• Understand Resilience and the importance of Business Continuity strategies
• Understand how to build a strong Business Continuity Plan
• Understand how to train your employees and test the plan
• Understand requirements for Board reporting
• Develop a sound Business Continuity Management Program for your bank

Course Outline:

• Overview
• Management & Policy
• Business Impact Analysis
• Risk Assessment
• Developing Business Continuity Strategies
• Business Continuity Plan
• Training & Testing
• Review & Reporting

Rev–Jul. 2020. Course Length ≈ 40 minutes.

This course is worth 0.5 CPE credit.