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Take advantage of ICBA webinars, seminars, and other events to help you stay ahead of the competition. We offer a variety of courses to fit every need and schedule.
Start: July 30, 2024 10:00 AM CST
Finish: July 31, 2024 1:00 PM CST
This seminar will assist community banks in navigating the critical considerations needed to effectively implement a sound vendor management program.
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.
Learning Objectives:
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.
This seminar will assist community banks in navigating the critical considerations needed to effectively implement a sound vendor management program.