ISO 22301: Business Continuity Auditing for Financial and Payment Systems

Course Objectives:

• Understand the principles and requirements of ISO 22301 for Business Continuity Management Systems (BCMS).
• Learn how to audit business continuity practices in financial and payment systems.
• Gain practical knowledge of conducting an audit in line with ISO 22301 standards.
• Evaluate the impact of business continuity on financial and payment systems’ resilience.

Introduction to ISO 22301 and Business Continuity Management

Content:

• Overview of ISO 22301 and its relevance to financial and payment systems.
• Introduction to Business Continuity Management (BCM) and its key components.
• The role of risk management and resilience in financial institutions.
• Key terms and definitions related to BCM and ISO 22301.
• Benefits of implementing ISO 22301 for business continuity in financial operations.
• The structure of an ISO 22301 compliant BCMS.

Key Clauses of ISO 22301 for Financial and Payment Systems

Content:

• Clause 4: Context of the Organization – Understanding the financial system environment.
• Clause 5: Leadership – Importance of leadership and commitment in financial systems’ BCMS.
• Clause 6: Planning – Risk assessment and business continuity strategy.
• Clause 7: Support – Resources, competencies, and awareness for effective business continuity.
• Clause 8: Operation – Operational processes specific to financial and payment systems.
• Clause 9: Performance Evaluation – Monitoring, measurement, and evaluation in financial contexts.

Auditing Business Continuity for Financial and Payment Systems

Content:

• Introduction to auditing business continuity management systems.
• Planning and preparing for an audit of BCMS in financial organizations.
• Identifying critical financial services and payment systems in the scope of the audit.
• Evaluating compliance with ISO 22301 clauses during the audit process.
• Common audit tools and techniques for assessing business continuity in financial institutions.
• Conducting interviews and document reviews to assess BCM effectiveness.
• Reporting audit findings and recommendations for improvement.

Case Studies and Best Practices in Business Continuity Auditing

Content:

• Analysis of real-world case studies of business continuity failures and successes in financial systems.
• Best practices for maintaining resilient business continuity in payment systems.
• The role of continuous improvement in ensuring long-term business continuity.
• Lessons learned from financial industry audits and recovery strategies.
• Final discussions on challenges in business continuity auditing for financial systems.
• Preparing for ISO 22301 certification audits and continuous maintenance of BCMS.

DATE:
1ST BATCH: 2nd – 4th Apr,, 2025
2ND BATCH: 14th – 17th Oct, 2025