Union Bank of Nigeria Plc has been certified for its compliance with the International Business Continuity Management Systems Standard, ISO 22301:2012.
The bank was certified by the British Standards Institution in partnership with local capacity-building firm, Digital Jewels, following its successful fulfilment of the requirements for the internationally recognised standard on Business Continuity Management Systems, according to a statement.
The International Organisation for Standardisation was quoted as saying that the ISO 22301:2012 certification specified requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to prepare for, respond to and recover from disruptive events when they arise.
According to the statement, compliance with the BCMS standard ensures efficient response when the organisation encounters threats.
“In order to achieve certification with the standard, an organisation must demonstrate clear commitment towards assessing both internal and external threats and vulnerabilities and prioritising relevant risks while implementing preventive measures,” it said.
The Chief Risk Officer, Union Bank, Kandolo Kasongo, while commenting on the certification, emphasised the bank’s commitment to benchmarking its processes and operations against international best practices.
