Financial institutions have had specific vendor 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 vendor management be embedded in all lines of business.  Siloed approaches to vendor management are a thing of the past. 

This program provides a thorough review of the basic requirements and guidance for sustaining a compliant and risk-based program.

Topics include:

• Third-party vendor and Compliance Risk
• The essential elements every vendor management program should have
• The most common vendor management missteps
• Ways to reduce risk across the vendor management lifecycle