Third and Fourth Party Vendor Risk Management for Banks and Financial Institutions 2018 | Marcus Evans | 8 February 2018 | NBC Tower, 455 Cityfront Plaza Drive, Chicago, IL 60611, US
Venue
NBC Tower
NBC Tower, 455 Cityfront Plaza Drive, Chicago, IL 60611, US
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| Event Date | Thu Feb 8 EST - Fri Feb 9 EST (almost 7 years ago) |
| Location |
NBC Tower
455 Cityfront Plaza Drive, Chicago, IL 60611, US |
| Region | Americas |
Details
Why You Should Attend:
Third and Fourth Party Vendor Risk Management for Banks and Financial Institutions
New regulations, technologies, standards, and security threats require organizations to implement robust vendor oversight to meet and stay ahead of the latest risks and challenges from new payment methods and systems, data breaches, and cyber-attacks. However, the service provider control evaluation process has long been inefficient and costly. Each outsourcing organization produces and distributes its own proprietary questionnaire to each of its service providers. Service providers strain their resources to respond to diverse client information requests. Inconsistencies from questionnaire-to-questionnaire cause delays for all parties. Time and resource intensive onsite visits further burden both the outsourcer and the service provider.
Key Topics:
• Develop a Strategic Approach to Third Party Vendor Risk Management
• Understand the Importance of the Contract Lifecycle
• Understand the Risk Control Areas to be Reviewed and Analyzed
• Develop Third Party Vendor Assessment Best Practices, Procedures, and Processes
• GRC Tool Analysis and Applicability
Speakers
2018 Speaker:
Tom Garrubba
Senior Director, Shared Assessments Program