Business Continuity and Disaster Recovery Planning Services

Is your bank's Business Continuity and Disaster Recovery Plan up to date and compliant with new Federal regulatory requirements? Ask yourself these key questions to evaluate your plan's adequacy. If it falls short, NETBankAudit can help.

Is the plan based on a documented Business Impact Analysis and Risk Assessment?
Is the plan scalable-does it address a wide range of disruption scenarios, not just a total disaster?
Is the plan enterprise-wide in scope--covering all business lines and functions--and does it cover both electronic and physical information systems?
Does the plan provide for a comprehensive testing schedule? Are the results of the tests documented and used to update the plan?

Overview

Business continuity and disaster recovery planning has changed materially in recent years. Lessons learned from September 11, 2001, new regulatory guidance, and technological developments have resulted in new requirements and best practices. It's no longer just about recovering from a complete disaster. The current focus is on a scalable plan that is enterprise-wide in scope and addresses all critical systems-both electronic and physical. If your bank's plan has not been materially updated in the past year, it most likely does not address the new requirements outlined in the FFIEC's Business Continuity Planning Booklet.

Scope of Services

NETBankAudit's Business Continuity and Disaster Recovery Planning Services include the following (the scope of an engagement can include one or more of the activities listed below):

Complete plan development and implementation.
Assessment of an existing plan, including an evaluation of compliance with regulatory guidance.
Plan testing, documentation, and updating (including full and partial tests).
Development and documentation of a Business Impact Analysis and Business Continuity Risk Assessment.
Development of a testing schedule, including recommendations for frequency and scope (full test, walk-through, tabletop exercise, etc.).
Assessment of third party service provider relationships and their role in continuity and recovery activities.
Assistance with training and staff awareness.

Why NETBankAudit?

NETBankAudit's approach to assessing business continuity and disaster recovery plans was designed to meet key business and regulatory objectives. We can assist with the development of a completely new plan and with plan testing. We also offer a comprehensive evaluation of existing plans and can assist with any needed enhancements. NETBankAudit's assistance will help you to ensure that your plan is current, appropriate, and consistent with new regulatory requirements and best practices. Our consultants have unmatched expertise and knowledge of best practices and regulatory requirements, due to prior experience as senior bank regulatory officials and financial technology consultants. We maintain relationships with all FFIEC agencies and industry trade associations to stay abreast of new requirements, best practices, and current thinking by regulators.