Third-Party Risk Management Forum 2023 | Risk Management Association (RMA) | 27 April 2023 | Charles Schwab Headquarters, 3000 Schwab Way, Westlake, TX 76262, USA

This forum 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 and many other risks banks face. Since 2014, RMA hosts peer-sharing sessions to help SMEs find ways to mitigate risks associated.

This peer-sharing event is designed for the financial services Chief Procurement Officers (CPOs) and third-party risk management directors. It provides an opportunity to share best practices, technologies, challenges, and solutions for vendors and non-vendors.