This course is provided by the Compliance Education Institute.
FFIEC Guidance Appendix J released on February 6, 2015 is all about process and procedure to strengthen business resilience for outsourced technology services, but does not cover any issues about determining whether your vendor’s Business Continuity Plan (BCP) is effective. Guidance points out that it’s something that the institution must do as a part of its vendor due diligence. But there’s way more to it than just meeting Return to Operational (RTO) times.
This course picks up where Guidance leaves off and gives you the tools you need to determine whether the vendor’s BCP is feasible even if they won’t give you their BCP.
The areas of study within this course include:
- FFIEC Guidance Requirements for a BCP
- Benefits of Ensuring That Your Vendor's BCP Is Sound
- Feasibility Analysis of the Vendor's BCP:
- Purpose and Objective
- Components of the Plan
- Adequacy of Risk Mitigation Strategies
- Geographic Diversity
- Policies, Standards and Processes
- Training of Personnel
- Alternatives for Independent Components and Stakeholders
- Maintaining the Plan
- Auditor Involvement
- Identification of Single Points of Failure (SPOF)
- Test Plan Objectives
- Outsourcing the Business Continuity Function (DR Site Outsource)
- "What if" Scenarios
Who should take this course?
Vendor management staff, IT staff, COO, CIO, BCP/DR team and compliance and risk staff at your credit union.
About the Presenter
Mick Kless is the founder and CEO of RISC Associates, a regulatory compliance consultancy and compliance automation tools developer, and Compliance Education Institute, the training and education division of RISC. He is a recognized industry expert on vendor management and the creator of the Certified Regulatory Vendor Program Manager (CRVPM) course taken by bankers across the country. Mick has spent over 30 years in financial services, has focused on GLBA 501(b) issues since 2001 and has specialized in vendor management regulatory issues since 2004. He is a frequent speaker at bank and credit union conferences around the country.
This is a 65-minute pre-recorded course and includes:
- Workbook
- Vendor BCP Scorecard Calculator (Excel)
- 1 User ID (can share ID)
- 30 Days to Review
About the presenter: Compliance Education Institute LLC
Mick Kless is the founder and CEO of RISC Associates, a regulatory compliance consultancy and compliance automation tools developer, and Compliance Education Institute, the training and education division of RISC. He is a recognized industry expert on vendor management and the creator of the Certified Regulatory Vendor Program Manager (CRVPM) course. Mick has spent more than 30 years in financial services, has focused on GLBA 501(b) issues since 2001 and has specialized in vendor management regulatory issues since 2004.
For course access questions, email support@compliance-edu.com.
