Vendor Management - How Model Risk Fits In Webinar

With financial institutions increasingly relying on third-party providers to offer their products and services comes increased risk. Starting with the core system, should you outsource it or keep it in-house? And following with the rest of all the banking products you offer to your business clients or members that depend on technology, how in depth should your due diligence be? In this educational session, the presenter provides best practices based on the FFIEC IT Examination Handbook to help you develop a simple yet comprehensive Vendor Management Program.

In addition, along with Vendor Management, which includes all the third-party providers of systems and software, comes yet another risk’€”Model Risk. The presenter will explain step by step the OCC SR Letter 11-7 following their guidance on Model Risk Management. You will walk away with a clearer understanding of where Vendor Management and Model Risk Management fit it within your ERM program.

Covered Topics

  • How Vendor Management Program fits in within Enterprise Risk Management
  • Vendor Management Program Components
  • Vendor Management Policy and Procedures
  • Vendor Due Diligence
  • Example of Vendor Risk Assessment
  • Monitoring and Reporting Assessment Results
  • Definition of Model Risk and how it applies to your Institution
  • The OCC SR Letter 11-7 ‘ A Step by step explanation
  • Examples of Model Risk ‘ How it affects your institution
  • Example of Model Risk Assessment
  • How to establish your own Model Risk Management Program

Who Should Attend?

Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, Presidents involved in the risk management process and their ERM program

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.

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Related Topics

Instructor

Marci Malzahn
Marci Malzahn

Marcia (“Marci”) Malzahn is the president and founder of Malzahn Strategic, a community financial institution management consultancy focused on strategic planning, enterprise risk management, trea... read more.

Course Title Credits Start Date Start Time Delivery Type Delivery Option Instructor / Location Price
Vendor Mgmt How Model Risk Fits In 0.25 Any Any Webinar Six Month On-Demand Recording Marci Malzahn $295.00 Register Now
Vendor Mgmt How Model Risk Fits In 0.25 Any Any Webinar CD-ROM Video Recording Marci Malzahn $345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) 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 telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player 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 weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. 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 and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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