FFIEC’s Business Continuity Management Exam Objectives
How quickly your financial institution can get back to serving customers after a cybersecurity attack, hurricane, wildfire, pandemic, or flood often depends on the business continuity management (BCM) program that has been implemented. The Federal Financial Institutions Examination Council (FFIEC) has provided guidance as to the contents of your institution’s BCM program but also emphasizes the importance of a continuous cycle for assessing resiliency by utilizing a ten-step approach. As technology continues to evolve so do the threats that could potentially hamper an institution’s ability to provide financial services to its customers. Business continuity and resiliency plans create a game plan for minimizing interruptions during a crisis.
Just like the emergence of new threats, your BCM program must keep pace. Join us to understand the examination procedures, how to incorporate the ten steps of the business continuity lifecycle, and resilience strategies. In addition, communication with the board and your internal auditor’s role in assessing the BCM’s design effectiveness are key program components. While we can never predict the type or timing of a disaster, we can ensure that our institution has a solid business continuity management program that not only passes an examination but is a valuable tool in the event of a disaster!
What You’ll Learn
- Prepare to meet the 13 examination objectives outlined in the examination manual
- Discuss the 10 steps to the business continuity lifecycle
- Examining Third-Party Service Provider Contracts for Business Continuity
- Ensure the board receives adequate BCP communication
- Communicate the internal auditor’s role in assessing the BCP’s design effectiveness
- Considering new technologies and emerging threats into the plan
- Provide resources to share with your staff and accountholders during a disaster
Who Should Attend
This webinar is designed for senior management, business continuity team members, human resources managers, trainers, compliance officers, internal auditors, risk managers, security officers, and anyone responsible for business continuity management.
Molly Stull began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the “why” behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.
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