Conference Materials

2021

Concurrent Sessions - Third Party Service Provider Management for Trust Departments

Wednesday, May 12, 2021 3:15 PM - 4:15 PM

Speakers

Elizabeth W Namanny

Elizabeth W. Namanny 
Wealth Management Finance & Risk Officer First Vice President 
TRUSTMARK WEALTH MANAGEMENT
Jackson, Mississippi

Speaker Bio
Machelle Rinko

Machelle L. Rinko, CPA, CIA, CFIRS
MAZARS USA, LLP 
New York, New York

Speaker Bio

Session Description

Elizabeth W. Namanny 
Wealth Management Finance & Risk Officer First Vice President 
TRUSTMARK WEALTH MANAGEMENT
Jackson, Mississippi

Machelle L. Rinko, CPA, CIA, CFIRS
MAZARS USA, LLP 
New York, New York

There is a diverse range of services and a broad range of vendors that can be outsourced related to overall account administration, investment, record keeping and reporting. With the numerous vendors and service providers, the requirements for monitoring and tracking of risk and service levels have increased.  Does your Department or Company have the right processes and procedures in place?  Have you effectively identified those “key” vendors?  We will discuss challenges trust departments have in assessing which vendors are critical when ranked against all an institution’s vendors, how there may not always be a one size fits all process and who should own the process.  In addition, we will discuss the requirements and responsibilities we have as trustees for payment to vendors from trust funds.  

Session Material

Presentation