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Course/Product Description
Title:

Outsource Planning and Exit Strategy

SKU:OT-1004720
Format: Online Training Course
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Description:

Outsource Planning and Exit Strategy

As the outsourcing of critical functions and services continues to increase and technology becomes more complex while vendor interdependencies continue to expand to 4th and 5th parties, additional emphasis must be placed on formal, comprehensive Outsource Planning and developing a well thought out Exit Strategy before any 3rd parties are even considered.

This course covers the 3rd Party Risk Management Lifecycle, with a focus on Outsource Planning and Exit/Transition.It focuses on how a well-planned outsource and exit accomplishes the following five key objectives:

  • Identifies and mitigates risk
  • Aligns the institution’s strategic objectives with outsourced activities
  • Monitors the progress towards achieving strategic objectives
  • Maintains control of budget
  • Minimizes the impact of disruptions and change
This course begins with a review of the regulatory guidance concerning Outsource Planning and Exiting a 3rd party relationship. It then provides a detailed study of the 12 key components of outsource planning, followed by an in-depth discussion of the issues which must be considered when Exiting or Transitioning from one 3rd party to another - or even bringing the service back in-house.

Bonus Materials:
  • Outsource Planning Checklist
  • Comprehensive Exit Strategy document
  • Certificate of Completion
Who Should Take This Course:

Risk Officers, Compliance Officers, CIOs, CFOs, Auditors, Examiners, Vendor Management Specialists, Operations Officers, Info Security Officers, and anyone involved in building and managing a compliant vendor management program.

How To Access This Course:

This course, as well as the Certification, is provided through the Compliance Education Institute. The Institute will email you directly with access instructions for taking your course and starting the process towards earning your CRVPM Certification once you order the course!

Prerequisite: None, though students may want to earn the CRVPM
Designation

Licenses / Designations / Educational Credits:CPE
All US States: 1.6
About The Provider: CEI is the education division of RISC Associates, a leading regulatory compliance consultancy focused on GLBA 501(b) regulatory issues. Leveraging its more than 30 years of banking, compliance, and information security expertise and field experience, RISC has put together a series of educational courses offered through our CEI division to help bankers better prepare for the compliance issues that they deal with on a daily basis. These course are derived from the popular sessions that we have conducted at various banking conferences around the country, and are focused on helping bankers address the overwhelming regulatory burden.
Price: $299.00
More Info: Contact Us For More Information
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