Challenges
Large financial institutions have a dedicated staff for business continuity planning, assisted by IT personnel who have experience in building a resilient IT infrastructure. Smaller institutions have small staffs with limited specialized expertise. Community banks often assign the Business Continuity Plan Administrator role to an operations manager, compliance officer, or security officer who has limited skills and experience in disaster recovery or business continuity planning. This often results in dissatisfaction with the planning process:
- The planning takes a lot longer than anticipated, and requires a lot of effort
- Planning is inefficient because it is led by people with limited experience who are going through a steep learning curve
- The process bogs down in a mass of confusing details, and doesn’t address key issues and key decisions to be made
- Senior management is often dissatisfied with the planning process and the quality of the plan
- The resulting plan is often ineffective in guiding the organization’s response to disasters
Morlok Technologies offers a business continuity planning process that is customized to the needs, complexity level, and regulatory requirements of community banks. Our process will efficiently lead you through formation of the planning team, Business Impact Analysis, and Risk Assessment. Then we will guide you in creating a concise and effective business continuity plan, followed by testing and ongoing improvements. Morlok Technologies provides BC Planning services to financial institutions in Minnesota, Wisconsin, and throughout the upper Midwest.
How to Get Started
Register today for a free, no obligation review of your existing business continuity plan. We will assess the effectiveness of your plan in guiding recovery efforts, and we will determine how well you meet FFIEC requirements. Then we will show you how our detailed planning process can improve your plan and reduce the risk of business disruption.