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Banking & Finance

1. Ensuring Compliance for a Local Retail Bank's Business Continuity and Disaster Recovery Programs

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Top Management of a local retail bank requested a gap analysis and actionable improvements to ensure their Business Continuity and Disaster Recovery programs were compliant with the regulatory requirements of the Federal Financial Institutions Examination Council (FFIEC).

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Challenges Addressed:

  • Conducting a thorough gap analysis to identify areas of non-compliance

  • Providing actionable recommendations to improve Business Continuity and Disaster Recovery programs

  • Ensuring compliance with FFIEC regulatory requirements

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Our Approach:

  • Performed a systematic review of the organization’s existing Business Continuity and Disaster Recovery plans

  • Identified gaps in compliance with FFIEC standards

  • Developed detailed recommendations to address these gaps and enhance the overall program

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Results:

  • The client successfully implemented the recommended improvements, ensuring full compliance with FFIEC regulatory requirements

  • The IT Department Manager and the Head responsible for Disaster Recovery commended the professionalism and quality of the assessment and recommendations

Banking & Finance

2. Enhancing Operational Capabilities for a Major Investment Bank's Merger​

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As part of its merger with one of the top three banks in the US, the IT and Disaster Recovery Function of a large cap, privately held investment bank sought assurance that its operational capabilities met sector regulatory requirements for continuity of its operations, systems, and automated processes.

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Challenges Addressed:

  • Conducting a risk assessment and impact analysis of core business functions

  • Developing plans and procedures to ensure continuity of operations

  • Setting up a Command Center to manage and coordinate continuity efforts

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Our Approach:

  • Performed a thorough risk assessment and impact analysis of the investment bank's core business functions

  • Developed detailed continuity plans and procedures to ensure seamless operations

  • Established a Command Center to oversee and coordinate continuity activities during the merger

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Results:

  • Full integration of the client's systems and procedures for local and regional continuity with the national bank

  • Assurance of operational capabilities meeting sector regulatory requirements

  • High satisfaction from both parties involved in the merger

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