Financial institutions are increasingly seeking and establish- ing relationships with third parties, to help provide products and services to clients more capably and ef ciently, while also miti- gating risk. The bene ts of these outsourcing relationships are not without risk, however, and nancial institutions must have a strong process in place to properly evaluate, select, onboard, oversee and terminate relationships with these contractors and subcontractors. Attendees will learn key elements of a strong, risk-based, third-party vendor risk management program, intend- ed to limit risk and meets evolving regulatory requirements.

Our discussion will consider existing regulatory guidance on third-party relationships, as well as recently issued guidance ad- dressing the prudent management of risks associated with new, modi ed and expanded product and service offerings.

Whether you are seeking to implement or enhance a vendor risk management program, this session will provide you with the tools you need to make your program a success.