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Event Profile

Seminar: Vendor Management Seminar (SM5842120)

Date(s):
August 12 — 13, 2020
Venue:
Embassy Suites - Bloomington
2800 American Boulevard West
Bloomington, MN 55431-1205 
Description:

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

Program Level: Intermediate
Prerequisites: No previous experience and training necessary.
Delivery Method: Group-Live
Field of Study: Specialized Knowledge

12 CPE Credits

Day One: 8:30 am to 4:30 pm
Day Two: 8:30 am to 12:00 pm

Fee
ICBA Member: (prior to July 10) $595 / (after July 10) $695
Nonmember: $795
Nonbanker: $1,195
Bank Director Program Participants: $495

Hotel Information: Embassy Suites by Hilton Bloomington Minneapolis
Room Rate: $165
Cutoff Date: 7/28/2020

To make your hotel reservation and secure the negotiated room rate:

Phone: Call 952-884-4811 or 1-800-Embassy. Ask for Group: ICBA: Vendor Management Seminar

For more information, call 800-422-7285.

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