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Vendor Due Diligence & Effective Vendor Management

Jul 12 2:00 PM - Jul 12, 2022 3:30 PM
Jul 12, 2022 2:00 PM - 3:30 PM
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If something goes wrong with a third-party relationship, the ripples can affect multiple departments. On top of that, consider how much of your budget is paid directly to vendors. This webinar will help ensure your institution is getting the most from vendors while also satisfying the increased examination scrutiny.

Learning Objectives

  • Design an effective vendor management process
  • Reduce the compliance risk associated with critical vendors
  • Avoid common vendor management landmines
  • Understand your default options
  • Create solid staff oversight and quality control

Every time you use a critical vendor you are handing them the keys to your kingdom. What could possibly go wrong? Vendor management continues to be a high priority operational and regulatory issue because every financial institution entrusts some of its most sensitive information, financial resources, and core business processes to third-party vendors. The explosion of virtual operations and remote services has introduced more opportunities, more vendors, and more risks into your processes.

From selecting the best available vendor to identifying and correcting performance issues, this presentation will examine the practical and regulatory requirements for managing third-party relationships and the operational details of creating an effective vendor management program. Join us to gain valuable insight into the best practices of vendor management.

Agenda

Speakers

David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements ,regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy. 

Location

Fees

$259.00 

Live and recorded webinar, handouts, quiz with answer key and training log are included.

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

Webinar

Topics Covered

  • Operations
  • Live Webinars