Ensure that the database backup schedule is enabled within Unified Manager itself. Restoring that backup is the disaster recovery scenario.
You can configure the backup location to be a LUN/NAS mount off of the VM is you wish to keep it remote from the server, however ensure that the connection to that location is adequate to transfer large amounts of data quickly.
This has been there since DFM times. If you are also looking for DR capability of the dfm you can either use the DR capability of VMware or the one documented under Operations Manager Consoles > Help >General Help> Maintenance > Disaster Recovery Support