What the Board Needs to Know About Vendor Management

Best practices dictate that the board must remain vigilant about hazards posed by outsourcing functions to third parties – or risk significant financial and reputational harm to their financial institution. This session will provide an overview of the key components of a comprehensive vendor management program and the vital role senior management and the board must play. You’ll learn what board members need to understand about third-party risk and what should be expected regarding regular reporting and direct oversight. From risk assessments, to due diligence, to contract management, this webinar will address emerging trends in third-party risk and how they relate to the fundamentals. In addition, you will learn about regulatory guidance, recent enforcement actions, and new areas of focus that can be third-party related – particularly UDAAP.

Continuing Education: Attendance verification for CE credits upon request

This informative session is specifically designed for board members and directors.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.