RW Advantage - Webinars

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Event Name:Managing Vendors from Selection and Due Diligence through Ongoing Reviews
Date:Wednesday, February 1, 2017 11:00am CST
Presented By:BankersHub
Panelist(s) Info: Terri Sands AAP, Founder - Secura Risk Management
Credits:1.2 AAP Credits, 1.0 CPE Credit

Financial institutions rely heavily on outsourced vendors for technology and other services.  The significance of our reliance with outsourced vendors is a significant risk if not managed properly.

In this session we’ll take a deep dive into vendor risk management from approving the vendor to ongoing monitoring of the vendor to include reviewing the vendor’s ongoing compliance, network vulnerability, audit verification, financial condition verification and compliance with network Rules. 

This session will cover:

  • Risk assessment;
  • Due diligence in selecting third party;
  • Contract structuring and review;
  • Oversight