Outsourced Third Party Risk Management - Vendor Management
Outsourced Third Party Risk Management, otherwise known as Vendor Management has been elevated to a top priority with the regulators. Therefore, ensuring your Program is not only going to be effective but also meet with their expectations needs to be a priority for financial institutions. When you outsource, you are placing your confidential customer information in someone else's hands along with the control for the security of that information, but you still retain the responsibility for ensuring the integrity, confidentiality, and security of the information making this Program a crucial part of your overall Information and Cyber Security Program.
Demonstrating the importance of this Program, the OCC and the FRB both issued updated guidance relating to third party relationships in October and December of 2013, respectively while the FDIC reissued its Technology Outsourcing Informational Tools in April of 2014. Then on February 6, 2015, the FFIEC released an update to the Business Continuity Planning Handbook adding Appendix J: Strengthening the Resilience of Outsourced Technology Services. The update includes guidance on Third Party Management, Third Party Capacity, Testing with Third-Party Technology Service Providers, and Cyber Resilience.
Susan Orr has assisted numerous institutions with developing their Outsourced Third Party Risk Management Program and will share her insights into developing an effective program in this webinar.
What You Will Learn:
- FFIEC agencies expectations for your Program
- The latest guidance:
- Appendix J of the FFIEC BCP Handbook
- Appendix D of the FFIEC Outsourced Technology Services Handbook
- FFIEC Supervision of Technology Service Providers, September 2012
- FDIC April 2014 Tools to Manage Technology Providers Informational Brochures
- OCC October 2013 Third Party Relationships
- FRB December 2013 Guidance on Managing Outsourcing Risk
- Classification and Risk Rating criteria
- Required Program elements and essentials
- Needs Assessment
- Due Diligence/Selection
- Risk Assessing
Susan Orr is a leading financial services expert with vast regulatory, risk management, and security best practice knowledge and expertise.
As an auditor and consultant, Susan is dedicated to assisting financial institutions in implementing appropriate policies and controls to protect confidential information and comply with regulatory mandates and best practices. Her expertise as an auditor and former examiner provides her the knowledge and expertise to conduct comprehensive IT general control and data security reviews and assist de novo institutions in the vendor selection process, preparing policies and procedures, and instituting controls. She also consults for numerous security providers and vendors helping them align products and services to meet institution regulatory mandates. Susan is a Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in Risk and Information Systems Control (CRISC), and Certified Risk Professional (CRP).
|Licenses / Designations / Educational Credits:||CEU|
All US States: 2.5
All Canadian Provinces: 2.5
|About The Provider:
||Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.
For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.
We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.
Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.
Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
||Contact Us For More Information
||Share on Facebook
Share on Twitter
Share on Google+
|Currently Scheduled Dates For This Webcast|
|Outsourced Third Party Risk Management - Vendor Management||CD/On-Demand||$325.00||
Overdraft Protection Programs
Achieving Unclaimed Property Compliance Best Practices For The Banking Industry
What To Do When A Customer Dies
Regulation E Final Changes on Prepaid Cards
Uniform Commercial Code Rules: How to Comply to Attach and Perfect Secured Transactions
Legal Liabilities When Check Fraud Occurs
Call Report: Lending Schedules For Banks
Certified Regulatory Vendor Program Manager
TRID Checkup: Areas of Concern and Uncertainty
Calculating Cash Flow
Underwriting Construction Loans
Critical Issues on Certificates of Deposit (CDs)
Bank and Financial Institution Fraud
Loan Processing 101: The Basics
Loan Documentation: Top 10 Mistakes and How to Avoid Them
Loan Officer Boot Camp