Managing Vendor Management and Assessing IT Risks Webinar OnDemand with Live Streaming
We rely on third party service providers and other financial institutions for products and services either to enhance the services performed in-house or to offer services that are otherwise not cost effective. Outsourcing comes with risks, which may be realized in a different manner than if the functions were in-house resulting in the need for controls designed to monitor such risks as loss of funds, loss of competitive advantage, damaged reputation, improper disclosure of information and regulatory action. The decision to outsource should fit into your bank’s overall strategic plan and corporate objectives.
Join us for this informative session where we will discuss the initial and ongoing due diligence and provide you with loads of tools to help guide you through the vendor management process.
What You’ll Learn
Understanding Regulatory Requirements- A review of FFIEC Guidance and GLBA 501(b) requirements for third party oversight
Details of New Interagency Guidance- A deep dive into the recent Interagency Guidance on Third-Party Relationships and the impact on how you manage risks associated with your third-party vendors
Identifying Critical Vendors – How to identify and establish your bank’s critical vendors and the due diligence process required for them
Developing a Vendor Risk Assessment- A review of a sample vendor risk assessment will be utilized to discuss risk factors and internal controls to mitigate vendor risks to your bank
Contract Review Components – Overview of what examiners expect to see in your vendor contracts and best practices for tracking contract terms and expiration dates
Ongoing Monitoring and Due Diligence – A thorough discussion of how to properly maintain up-to-date due diligence files and ensure your vendors are meeting the terms of their agreements
Who Should Attend
This informative session is designed for Risk Managers, Compliance Officers, Information Security Officers and any other individual responsible for vendor management due diligence.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years’ experience in client service, operations, information technology, administrative and board relation... read more.
INCLUDES 30 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a phone for the audio. You can type and send your questions to the instructor. And don’t worry if you miss the webinar, you can still view it for up to thirty days after it takes place!
Live Plus Twelve Months OnDemand Playback:
With this option, you will receive the live version, then you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The link will be available to you (and anyone else in the company) for up to twelve months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
Live, Twelve Months OnDemand Playback PLUS Digital Download:
By adding the Digital Download to your order, you will be adding access to make the webinar part of your training library. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides as well. Access to the Digital Download is for the life of your library.
