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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