Vendor Management and Increasing Reliance on Third-Party Providers (presenting with Indiana Bankers Association)

Relationships with third-party vendors are commonplace and many provide a strategic advantage; however, the rewards aren’t without risk to your bank. Intense regulatory scrutiny and variations in third-party service application are challenging the risk management practices utilized by today’s financial institutions. This session will offer best practices to identify key vendor relationships and conduct the appropriate due diligence as well as software solutions available to help you manage all outside relationships. Attendees will learn how vendor management fits into the overall ERM program and how to develop and maintain a simple yet comprehensive vendor management program.

Topics Covered:

• How Vendor Management Program fits in within Enterprise Risk Management
• Vendor Management Program Components
• Vendor Management Policy and Procedures
• Vendor Due Diligence
• Example of Vendor Risk Assessment
• Monitoring and Reporting Assessment Results

Key Learning Objectives:

1. Increase overall knowledge of Vendor Management and what it means to have a Vendor Management Program
2. Understand how Vendor Management is part of your ERM Program
3. Benefits of having a Vendor Management Program established

Who Should Attend:

Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, IT personnel, Presidents/CEOs and senior leaders involved in the risk management process and their ERM program

For more information and to register, click here.