Operational Risk Forum: Community Bank Vendor Risk Management
List Price
$750
Member Price
$595
Event Id:
664903104
Product code:
504401-19
Format:
Forum: In-Person
Date:
11/6/2018 - 11/6/2018
Third-party relationships are becoming a critical component of operational risk frameworks for organizations of all sizes. Amid mounting pressure from regulators, institutions like yours are challenged with meeting regulatory expectations and ensuring their programs help mitigate the risks related to third-party relationships. Learn how at this forum.
November 6, 2018 – National Harbor, MD
Registration Fees
| Members | $595 |
|---|---|
| Nonmembers | $750 |
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Item Details
This forum can be taken on its own or as a post-conference event at RMA’s Annual Risk Management Conference, November 4–6, 2018. Visit www.rmahq.org/rmaconf2018 for conference details.
Forum Overview
Third-party relationships are becoming a critical component of operational risk frameworks for organizations of all sizes. Amid mounting pressure from regulators, institutions like yours are challenged with meeting regulatory expectations and ensuring their programs help mitigate the risks related to third-party relationships.
Although an attractive option for reducing operating expenses, third-party vendors can present a myriad of risks including financial risk quality, scalability, security, privacy, and regulatory risk. Learn how to manage vendor risk starting with due diligence and vendor selection, continuing through contract review and vendor monitoring, and concluding with post-termination issues. Master the essential elements and controls that should be addressed to reduce risk.
You will:
- Learn how to maintain successful relationships with your third-party vendors.
- Understand why the proper due diligence may help you not only lower costs, but ensure your vendors meet the regulatory expectations.
- Determine how you can use your existing operational risk framework to manage your vendors.
- Establish an ongoing monitoring process for your vendors.