In our financial industry, setting out sound business continuity management (BCM) principles is important for our financial institutions to adopt, so as to strengthen their ability to recover critical business functions in the event of disruptions. The key principles for financial institutions to apply take into consideration the activities that they engage in and the markets in which they conduct transactions.
Course Objectives
Understand:
- That BCM is the responsibilities of the board of directors and senior management
- The recovery strategies and recovery time objectives
- Interdependency risk
- What is wide-area disruptions
- Concentration risk
- The need to test business continuity plans
Course Outline
Module 1: Who is Responsible for Business Continuity Management?
- The Need for Business Continuity Management
- Responsibility
- The Expectation of Customers and Counterparties
Module 2: Recovery Strategies and Recovery Time Objectives
- Critical Business Activities
- Recovery Time Objectives
- Incidents Management
Module 3: Interdependency Risk
- Risk Management
- Vendors Management
Module 4: Wide-Area Disruptions
- Plan for Wide-Area Disruptions
- Pandemic Preparation
Module 5: Concentration Risk
- Separation Policy
Module 6: Testing of Business Continuity Plans
- Financial Institution’s Readiness
- Document Test Results and Constantly Make Improvements Needed