2025 Vendor Management: All-Day Streaming – 7 CRCM Credits
2024 third-party risk management (TPRM) guidance from the agencies – what to expect and what this tells us about the criticality of program management
Updates, including recent guidance on risks of arrangements with third parties to deliver bank deposit products and services digitally and via other means
Managing relationships with financial technology (fintech) firms
Who at the institution should be involved in these efforts?
Role of the Board and executive management
Vendor selection process – how do we pick the right third party?
Categorization of vendors – identification of critical vendors and how to handle them
Developing and maintaining risk management policies and programs regarding third-party relationships
How this relates to AI and models – what should we be aware of?
Oversight of third-party activities – monitoring and testing
What happens when a vendor fails to meet expectations?
Contract negotiation and management – much more than just a legal requirement
Ongoing monitoring, including on-site visitation when necessary
Policies, procedures, processes, risk assessments, and training
Terminating vendor relationships – how does this work?
Vendors’ ability to comply with applicable law and regulations