The FFIEC has adopted new procedures for business continuity and has recently updated Pandemic Guidance. Get the knowledge you need to shift from “developing” to “managing” your BCP, including activation of your pandemic plan. New glossary terms, examination objectives, board communication, auditor objectives, and pandemic planning will all be covered.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Use recently issued regulatory and federal guidance to withstand the pandemic
- Explain how to shift from developing to managing a business continuity plan (BCP)
- Discuss the 10 steps to the business continuity lifecycle
- Ensure the board receives adequate BCP communication
- Refer to the 38 new terms added to the examination manual glossary
- Use additional reference materials to further enhance the program
- Communicate the internal auditor’s role in assessing the BCP’s design effectiveness
- Guide management in preparing for the next phase of the pandemic
- Prepare to meet the 13 examination objectives outlined in the examination manual
Business continuity program expectations have expanded, and pandemic plans have been activated! Today’s accountholders expect resiliency! The recently updated Business Continuity Management booklet mirrors this by changing the emphasis from a plan to a never-ending lifecycle.
The goal of business continuity readiness is to successfully survive a live threat, whether a cybersecurity attack, hurricane, wildfire, flood, pandemic, etc. Therefore, you must successfully manage your institution’s BCP components to ensure preparedness for a real threat – and the next examination. Just like the emergence of new threats, such as the COVID-19 Pandemic and continued evolution of products and services, your BCP must keep pace. Join us to learn the updated examination procedures, how to incorporate the ten steps of the business continuity lifecycle, and actions to survive the Pandemic. In addition, communication with the board and your internal auditor’s role in assessing the BCP’s design effectiveness are key program components.
WHO SHOULD ATTEND?
This informative session 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.
- Pandemic reference materials for your board, staff, and accountholders
- List of new terms added to the exam procedures glossary – great training tool
- Business continuity contract considerations for technology service providers
- Critical function worksheet in Excel
- Threat risk assessment in Excel
- Checklist for critical business continuity reporting to the board
- Audit exception tracking log in Excel
- Employee training log
- Interactive quiz
SPEAKER: Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a bachelor’s from the University of Akron and an MBA from Ashland University.