RMA Third-Party Risk Management Roundtable 2023 | Risk Management Association (RMA) | 27 September 2023 | Mizuho Americas, 1271 6th Ave, New York, NY 10020, USA

Third-party risk management continues to be an area of heightened supervisory focus. Increasing dependence on third-party relationships exposes financial institutions to new and serious risk and compliance issues, so minimizing exposure to financial, legal, regulatory, operational, and reputational risk is more critical than ever.

Financial institutions need to keep in mind that by hiring third parties, they do not outsource the risk. It is important to have proper due diligence and oversight processes in place as third parties are subject to the same cyber risks that banks face—and many others. Since 2014, RMA has hosted peer-sharing sessions to help SMEs find ways to mitigate risks associated with third-party risk management.

This invitation-only session, provides an opportunity to share best practices, technologies, challenges, and solutions for vendors and non-vendors.

What Is on The Agenda?
We’re actively building the agenda with a steering group (peer banks) and registered participants. However, topics will likely include:
• Current observations and trends
• Evolving practices and challenges
• Solutions for workload management
• Assessments and oversights of fourth and Nth parties
• Emerging risks, such as cyber, climate, cloud, and resiliency
• Recently released regulatory guidance (June 6, 2023)

Who will Benefit?
The target financial institution is above $30 billion in assets. We recommend attendees to be Chief Procurement Officers (CPOs), Heads, Directors of Third-Party Risk Management and their delegates. We recommend no more than two registered participants per institution attend.