Final answer:
Following the identification of mission-critical functions, a treasury manager should conduct a Risk Assessment and Business Impact Analysis, and develop Recovery Strategies for the identified critical functions to continue with Disaster Recovery and Business Continuity Planning.
Step-by-step explanation:
After identifying mission-critical functions for Disaster Recovery and Business Continuity Plans, a treasury manager's next task should focus on conducting a Risk Assessment and Business Impact Analysis (BIA). This step will help in understanding the potential consequences of disruptions to key business operations. It involves determining how a disaster or disruption can impact the organization in terms of financial loss, reputation damage, or regulatory non-compliance.
Subsequently, it is crucial to develop Recovery Strategies for the mission-critical functions that have been identified. These strategies should prioritize which functions must be restored immediately and which ones can wait. Plans must be both detailed and practical, covering resource requirements including personnel, technology, information, and facilities.
In forming a successful collaboration with your manager, it is essential to balance taking initiative while understanding the larger context of your manager's personality, responsibilities, and concerns. A proactive approach to problem-solving, effective work priorities, and time management, along with clear and consistent communication, contribute to a collaborative and successful working relationship.