Eze Castle Integration

Eze Business Continuity Planning




 

Eze Business Continuity Planning Process for Hedge FundsHedge funds and investment firms must react swiftly, methodically and successfully when confronted with unexpected business disruptions or else risk significant financial loss. This level of response requires extensive business continuity planning to ensure all aspects of a firm’s business are evaluated and protected.

Effective Business Continuity Planning (BCP) can help minimize financial loss and the negative effects of disruptions on a hedge fund or investment firm’s strategic plans, market position, operations, and reputation.

Eze Castle’s Business Continuity Planning Services (Eze BCP) extend beyond technology to focus on critical operations and processes that hedge funds or investment firms must have available if a disaster strikes. Our Eze BCP consultants are certified experts in business continuity planning and possess deep knowledge of the unique operations of financial services firms.

This combined expertise means a client gains a custom, comprehensive BCP plan developed and managed by professionals that understand the client’s business. And our hedge fund business continuity consultants work with clients to address the full spectrum of BCP.

Eze BCP Features

  • Delivered by Certified Business Continuity Professionals who work exclusively with hedge fund and investment management firms
     
  • Industry-specific experience, knowledge and focus make our team pros at identifying a company's potential exposures -- our team knows the risks facing the hedge fund and investment industry
     
  • Proven methodology to ensure your firm is prepared for the unexpected
     
  • Annual review of BCP documentation and updates to account for business changes
     
  • Employee training sessions and executive roundtables run by an Eze seasoned hedge fund business continuity consultant

Eze BCP Methodology

Hedge funds business continuity Cycle for Hedge Funds1. Risk Assessment

Our business continuity consultants will identify and prioritize potential business risks and disruptions based on severity and likelihood of occurrence. Key elements of Eze Castle’s Risk Assessment phase include:

  • Evaluation of the company’s risks and exposures
  • Assessment of the potential impact of various business disruption scenarios
  • Determination of the most likely threat scenarios
  • Assessment of telecommunication recovery options and communication plans
  • Prioritization of findings and development of a roadmap

 

2. Business Impact Analysis

Eze Castle’s hedge fund BCP experts will collect information on a wide range of areas from recovery assumptions and critical business processes to interdependencies and critical staff. Key elements of Eze Castle’s BIA phase include:

  • Determination of the maximum amount of downtime business processes can withstand
  • Development of recovery point objectives and recovery time objectives for critical functions (e.g. applications, systems, etc.)
  • Identification of critical business processes and workflows and the supporting applications
  • Outlining of internal and external dependencies
  • Determination of critical staff members as well as backups with similar skill sets

 

3. Strategy and Plan Development

Our certified business continuity planners will create department, division and site level plans for your business. Key elements of this phase include:

  • Synthesis of Risk Assessment and BIA findings
  • Development of plans for department, division and site level contingencies
  • Review of plans with key stakeholders to obtain executive sign-off on overall plan
  • Creation of offsite, secure web repository where the firm’s BCP plan is stored for easy access from virtually anywhere during an outage or disaster

 

4. Plan Testing, Training and Maintenance

Business continuity plans are living documents and must be updated annually to ensure they account for changes within the firm as well as any changes in risk scenarios. Key elements of this ongoing phase include:

  • Conducting of tabletop and simulation exercises to help ensure employees are effectively trained
  • Development of employee training sessions
  • Review of BCP, business impact analysis and risks annually by an Eze hedge fund business continuity consultant
  • Execution of the annual review process to guarantee new threats and business process changes are accurately represented in the BCP

Contact an Eze Castle Hedge fund business continuity consultant