Reducing Risk in Third Party Relationships in the Financial Industry

Date : 25th April 2018 to 25th April 2018

Place : United States, Aurora

Website :https://bit.ly/2pQ2mEx

Contact Person:Training Doyens

Description:

OVERVIEW Financial institutions (FI) often outsource banking functions to qualified third party service providers and software vendors. A third party relationship is any business arrangement between a bank and another entity, by contract or otherwise. This webinar provides assistance to FIs for assessing and managing risks associated with third party relationships. Regulators expect an FI to practice effective risk management regardless of whether the bank performs the activity internally or through a third party. An FI’s use of third parties does not diminish the responsibility of its Board of Directors and senior management to ensure that the banking function is performed in a safe and sound manner and in compliance with the FI’s policies and applicable laws. WHY SHOULD YOU ATTEND This Webinar will prepare your organization to incorporate the best practices that should drive the use of third-parties. Our audience will walk away with ideas on reducing risk in third-party relationships. An FI should adopt risk management processes commensurate with the level of risk and complexity of its third party relationships and should assure that comprehensive risk management and oversight of third party relationships involving critical activities reduce risk based on best practices. AREAS COVERED Plans that outline the FI’s strategy Identify the inherent risks of the activity Detail how the bank selects, assesses Oversees the third party. Proper due diligence in selecting a third party. Written contracts that outline the rights and responsibilities of the FI and the third party LEARNING OBJECTIVES Become familiar with the framework that supports the use of third parties in the enterprise. WHO WILL BENEFIT This webinar will provide valuable guidance to all personnel in: Executive positions Compliance Management Risk Management Vendor management For more detail please click on this below link: https://bit.ly/2pQ2mEx Email: [email protected] Toll Free: +1-888-300-8494 Tel: +1-720-996-1616 Fax: +1-888-909-1882

Reducing Risk in Third Party Relationships in the Financial Industry will be held in Aurora,United States on date 2018-04-25

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Deadline for abstracts/proposals : 25th April 2018

Keynote Speakers : Marc Perl brings over 30 years of professional experience to Teknowlogy Associates. Marc's diverse experience includes risk management, payments processing, data security, product development, software development and software quality assurance. During 20 years at Visa, he was a key member of Visa's Risk Management team, where he developed and managed the compliance program for the Payment Card Industry Data Security Standard (PCI DSS) as part of the Cardholder Information Security Pro

Venue :Training Doyens, Aurora, CO, United States

Check the event website for more details.