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New FFIEC Procedures & Pandemic Guidance for Business Continuity Management & Resilience

Apr 22 2:00 PM - Apr 22, 2020 3:30 PM
Apr 22, 2020 2:00 PM - 3:30 PM

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.

Learning Objectives

  • 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 life cycle
  • 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 an ever-ending life-cycle. 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 life-cycle, 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.

Agenda

Speakers

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.

Location

Fees

$259.00 

Live and recorded webinar, handouts, quiz with answer key and training log are included.

Additional Info

Event Type

Webinar

Topics Covered

  • Coronavirus
  • Operations
  • Live Webinars
  • Executive Management