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J.P. MORGAN CHASE BANK-2016
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J.P. MORGAN CHASE BANK-2016
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Last modified
3/31/2017 12:58:30 PM
Creation date
1/10/2017 3:43:03 PM
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Contracts
Company Name
JP MORGAN CHASE BANK
Contract #
A-2016-366
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
12/6/2016
Expiration Date
12/31/2019
Insurance Exp Date
6/1/2017
Destruction Year
0
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J <br />a <br />r <br />z <br />0 <br />LL <br />Z <br />O <br />Q <br />a <br />s <br />a <br />strategies and plans by focusing on several key areas that will drive a more comprehensive and <br />granular planning strategy to ensure businesses are well prepared for disruptions affecting <br />operations for the short and long term. The goal of the program is to enhance the quality, <br />drive consistency and ensure sustainability. <br />Event Management, Escalation and Response <br />J.P. Morgan maintains regional crisis management teams and site incident management teams <br />to address emerging risks and respond to actual recovery issues. Within the Corporate and <br />Investment Bank, a crisis management framework manages business units and customers <br />through a potential or actual business interruption event. This patented process is tested on a <br />regular basis and has been successfully used to manage through a multitude of planned and <br />unplanned events including hurricanes, floods, snowstorms, terrorist attacks, technology <br />interruptions and power outages. The following areas are addressed: <br />• Notification of employees and activation of the plan <br />• Damage assessment of facility, technology and work -in- progress <br />• Evaluation and impact of established service level agreements <br />• Communication with key support providers and customers <br />• Recovery of work -in- progress <br />• Recovery site activation <br />• Impact on support groups and interdependent processes <br />• Movement of work and people <br />• Business unit and technology recovery <br />• Restoration of the process back to the original production location <br />J.P. Morgan is a large, geographically dispersed financial institution with the ability to manage <br />complex events. Automated notification tools, e-mail, instant messaging, and teleconference <br />bridge lines are used to communicate and coordinate activities across all business units and <br />support groups. <br />In an actual business disruption, it can be critical to determine accurately the extent of <br />damage and the resources required to resume and maintain operations. Damage Assessment is <br />comprised of three components, coordinated by groups knowledgeable in their established <br />discipline: the Global Real Estate Group evaluates the facility and select supporting <br />infrastructure; business unit management evaluates the impact of in- progress and expected <br />workload and determines the appropriate level of response; Global Technology Infrastructure <br />evaluates the impact on electronic equipment, including computers, network and servers. <br />Within each line of business at each location, a senior individual is appointed to represent the <br />business at the J.P. Morgan's Firm -wide Crisis Command Center. In the event of a business <br />disruption, J.P. Morgan will activate the Crisis Command Center in order to determine the <br />scope of the disruption, the effect on the business and on our clients. When activated, the <br />Crisis Command Center is staffed 24 hours a day with senior representatives from Real Estate, <br />Security, Technology, Infrastructure, Risk Management, Legal,Compliance, Insurance, Audit, <br />Human Resources, Corporate Communications /Marketing, Finance and each line of business. <br />To keep clients informed during a business disruption J.P. Morgan relies on both written and <br />verbal communications. We provide clients with regular updates summarizing the status of <br />the situation and the impact to clients. Depending on the nature of the disruption and the <br />JP.Morgan <br />
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