Vendor Management Seminar 2018 | Independent Community Bankers of America (ICBA) | 23 August 2018 | Embassy Suites, 2800 American Blvd W, Bloomington, MN 55431, USA

Community banks may outsource a service, but they cannot outsource the responsibility. In a financial environment wrought with strong enforcement actions, rising regulatory expectations, and massive data breaches, community banks must understand and manage a secure network of relationships to ensure customer data, bank transactions, business activity, and shareholders are protected. Relationships with third-party vendors are commonplace and many provide a strategic advantage; however, the rewards aren’t without risk to financial institutions. Intense regulatory scrutiny and variations in third-party service application are challenging the risk management practices utilized by today’s community banks.

This seminar will assist community banks in navigating the critical considerations needed to effectively implement a sound vendor management program. Whether you are a seasoned risk management professional or new to your role, this program will highlight key efforts needed by all community banks to ensure prudent risk management, while also achieving bottom-line results.

Participants will examine the vendor management lifecycle and discuss:
• Effective strategies for vendor selection
• Evaluating risk associated with service providers
• Guidelines for structuring your vendor agreements
• Methods for monitoring and measuring success of your third-party vendors

Throughout the seminar, practical advice and guidance will be shared including:
• How to remove the guesswork related to employee responsibility and vendor management
• Key compliance considerations to monitor service provider relationships
• New policy, procedures, and retention strategies

2018 Speakers

Ms. Sherry Jessen
CliftonLarsonAllen LLP

Mr. Joshua Juergensen
CliftonLarsonAllen LLP

Mr. Brian Pye
CliftonLarsonAllen LLP