Assessing The Effectiveness Of Your Vendor's BCP
||Online Training Course
FFIEC recently released Appendix J: Strengthening the Resilience of Outsourced Technology Services, which detailed their expectations regarding what financial institutions should do to minimize outsourced service disruptions.
However, they neglected to mention how to ensure that your vendors are prepared for a disruption - and how to determine whether the vendors’ Business Continuity Plans are feasible. This training session covers these areas for you.
About This Course
There’s more to assessing a vendor’s Business Continuity Plan (BCP) than ensuring that their Return To Operation (RTO) meets your needs.
For instance, how do you know whether they identified risks to themselves as well as to you, their customer? Have they taken into account interdependencies with other vendors - and have they identified single points of failure? And what happens if the vendor doesn’t want to provide a copy of their plan?
This course steps you through the process to assess your vendor’s Business Continuity Plan to determine whether it is feasible. By attending, you and your team will learn:
- Issues driving regulatory change
- FFIEC guidance requirements for a Business Continuity Plan
- Benefits of a sound Vendor BCP
- Steps to determine whether your vendor is prepared:
- Feasibility Analysis of the vendor’s BCP
- Identification of Single Points Of Failure (SPOF)
- Test Plan Objectives
- Outsourcing the Business Continuity Function: DR Site Outsource issues
- Are YOU prepared? The risks of an inadequate Vendor BCP
- What If…? Alternatives when you can't get the vendor's BCP or you don't get what you ask for
Participants also receive our “Vendor BCP ScoreCard”, which asks 48 questions across the following five components of the BCP:
Our “Vendor BCP ScoreCard” is an invaluable tool to analyze a vendor’s BCP - or to use as an interview questionnaire when the vendor won’t provide their plan. It is provided as part of your enrollment fee for this webinar.
- Business Impact Analysis
- Emergency Procedures
- Pandemic Plan
How To Access Your Materials
Course materials are provided online. You will receive access instructions via separate email.
Also Available: Our Certified Regulatory Vendor Program Manager Course:
Our Certified Regulatory Vendor Program Manager (CRVPM) course provides you with the regulatory knowledge, implementation methodology, and the best practices required to build and manage a compliant program and properly prepare for regulatory exams and audits. Go to http://www.BankTrainingCenter.com/showOTDetails.asp?TCID=1003467 for more details or to order.
|About The Provider:
||CEI is the education division of RISC Associates, a leading regulatory compliance consultancy focused on GLBA 501(b) regulatory issues. Leveraging its more than 30 years of banking, compliance, and information security expertise and field experience, RISC has put together a series of educational courses offered through our CEI division to help bankers better prepare for the compliance issues that they deal with on a daily basis. These course are derived from the popular sessions that we have conducted at various banking conferences around the country, and are focused on helping bankers address the overwhelming regulatory burden.
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