Business Continuity Planning (BCP)

Service Description

Day 1: Introduction to Business Continuity Planning • Understanding the significance of BCP in the financial sector • Legal & regulatory requirements for BCP • Business impact analysis & risk assessment for BCP • Creating a BCP policy & strategy • Defining roles & responsibilities for BCP • Identifying critical business functions & processes • Developing business continuity plans & procedures • Defining recovery objectives & strategies • Documentation & maintenance of BCP documentation Day 2: Crisis Management & Incident Response • Understanding the principles of crisis management • Crisis management team roles & responsibilities • Crisis communication & coordination • Developing incident response plans & protocols • Escalation procedures & decision-making during a crisis • Coordinating response efforts with internal & external stakeholders • Types of BCP exercises (tabletop, simulation, full-scale) • Conducting BCP exercises & simulations • Evaluating & analysing exercise results Day 3: IT Disaster Recovery Planning • Importance of IT disaster recovery in financial institutions • IT disaster recovery lifecycle & key activities • Defining recovery time objectives (RTO) & recovery point objectives (RPO) • Identifying critical IT systems & applications • Developing IT disaster recovery plans & procedures • Backup & recovery strategies for IT infrastructure • Conducting IT disaster recovery testing & validation • Maintenance & updates of IT disaster recovery plans • Continuous improvement & lessons learned Day 4: Business Continuity Governance & Compliance • Establishing a business continuity governance structure • Roles & responsibilities of business continuity management teams • Business continuity awareness & training programs • Compliance requirements for financial institutions (e.g., Basel III, SOX) • Auditing & assurance of BCP • Reporting & disclosure obligations • Integrating BCP with other risk management frameworks • Coordinating BCP efforts with other internal departments • Collaboration with external stakeholders (e.g., vendors, regulators) Day 5: Business Continuity Plan Activation & Recovery • Activating the BCP during a crisis or disruptive event • Incident management & communication protocols • Business recovery teams & responsibilities • Resilience strategies for rapid recovery • Restoring critical business functions & operations • Lessons learned & post-incident review • Monitoring & evaluating BCP effectiveness • Conducting program

Contact Details

• Ability House, 121 Brooker Road, Waltham Abbey, UK

  +442081453355

  info@ermandcompliance.com