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November 19, 2024
10am-11:30am
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Member Fee (Live or Recording): $165 per connection
Non-Member Fee (Live or Recording): $265 per connection
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Financial institutions have had specific Third-party management guidance to follow for decades. Each of the primary financial institution regulatory bodies have issued specific requirements for working with third parties. To avoid costly fines, reputation risk, and consumer harm, it is essential Third-party management be embedded in all lines of business. Siloed approaches to Third-party management are a thing of the past.
Building, implementing, and managing a compliant Third-party management program is no easy task.
Add to this the increased regulatory scrutiny due to high profile breaches, financial institutions must have a solid understanding of the driving regulatory issues that surround Third-party management, the key ideas required to build and implement a successful and compliant program, and the expectations of examiners and auditors.
Topics include:
- Understanding the new Interagency Guidance
- Key concepts and definitions
- Third-party and Compliance Risk
- The essential elements every Third-party management program should have
- Due Diligence & Risk Rating
- Contract Review, Periodic Review, Policy
- The most common Third-party management missteps
- Ways to reduce risk across the Third-party management lifecycle
This webinar provides a thorough review of the basic requirements and guidance for sustaining a compliant and risk-based program.
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Third-party relationship Owners, Third-party Management staff, 1st, 2nd and 3rd Lines of Defense, Compliance Officers, Risk Officers
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Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC and has more than a two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.