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Event Profile
Seminar: Vendor Management (SM5842125)
Date(s):
July 29 — 30, 2025
Venue:Virtual Event
Virtual Event
Description:<p>This seminar will assist community banks in navigating the critical considerations needed to effectively implement a sound vendor management program.</p><p>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. </p><p>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. </p><p><strong>Learning Objectives:</strong> </p><p>Participants will examine the vendor management lifecycle and discuss: </p><ul><li><p>Effective strategies for vendor selection. </p></li><li><p>Evaluating risk associated with service providers. </p></li><li><p>Guidelines for structuring your vendor agreements. </p></li><li><p>Methods for monitoring and measuring success of your third-party vendors. </p></li><li><p>Throughout the seminar practical advice and guidance will be shared including: </p></li><li><p>How to remove the guesswork related to employee responsibility and vendor management. </p></li><li><p>Key compliance considerations to monitor service provider relationships. </p></li><li><p>New policy, procedures, and retention strategies. </p></li></ul>
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Speaker information is not available at this time.
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Sessions information is not available at this time.
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Track information is not available at this time.
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Sponsor information is not available at this time.
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