We prepared a business continuity plan (BCP) for a credit union to satisfy its regulator
Vision
A regulator flagged significant concentration risk within a financial services firm
Work
We identified concentration risk across departments and developed a BCP to alleviate regulatory concerns
DATA ANALYSIS to validate the firm’s concentration risk
EMPLOYEE DISCUSSIONS to understand roles and responsibilities and identify key personnel
RISK IDENTIFICATION to determine what activities are critical and have a personnel concentration risk
BCP to identify and protect the business from external risks
FINANCIAL MODELLING to quantify budget impact of the proposed plans
Results
We eliminated the regulators concerns by delivering a thorough and comprehensive BCP for the credit union.
We strategically modeled the financial impact to align with budgetary restraints.
The regulator accepted a 3-year timeline for implementation.
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