Effective Vendor Risk Management

Instructor: Mario Mosse
Product ID: 705193
  • Duration: 90 Min
Vendor risk management is an important component of a financial institution’s operational risk management program. This training program will examine how a sound vendor risk management program, including careful planning, due diligence and selection, and close oversight and monitoring during the life of the contract, is necessary to reduce the risks posed by the outsourcing of critical functions.

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Nov-2019

Training CD / USB Drive

One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

Customer Care

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ComplianceOnline is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CPE credits offered : 1.8

Why Should You Attend:

This webinar will cover the risk management guidance on third-party relationships provided by the OCC Bulletin 2013-29. According to the Office of the Comptroller of the Currency (OCC): “Banks continue to increase the number and complexity of relationships with both foreign and domestic third parties, such as:

  • outsourcing entire bank functions to third parties, such as tax, legal, audit, or information technology operations;
  • outsourcing lines of business or products;
  • relying on a single third party to perform multiple activities, often to such an extent that the third party becomes an integral component of the bank’s operations;
  • working with third parties that engage directly with customers;
  • contracting with third parties that subcontract activities to other foreign and domestic providers;
  • contracting with third parties whose employees, facilities, and subcontractors may be geographically concentrated; and,
  • working with a third party to address deficiencies in bank operations or compliance with laws or regulations."

The same can be said about virtually any financial institution in the world as competition forces them to look at innovative ways to reduce cost and better serve their clients. This webinar will focus on the major risks the institutions’ face and the oversight and accountability that is critical.

Areas Covered in the Webinar:

  • Background
  • Major Risks
  • Critical Activities
    • Risk Management Lifecycle
    • Planning
    • Due Diligence and Selection
    • Contract Negotiations
    • Ongoing Monitoring
    • Termination
  • Oversight and Accountability
    • Board of Directors
    • Senior Management
    • Bank Employees
  • Documentation and Reporting
  • Independent Reviews

Who Will Benefit:

  • Asset Managers
  • Broker/Dealers
  • Supervisors
  • Financial Officers
  • Risk Officers
  • Operational Risk Managers
  • Board Members
  • General (Legal) Counsel
  • Internal and External Auditors
  • CFOs (Chief Financial Officers)
  • COO (Chief Operating Officers)
  • CRO (Chief Risk Officers)
  • CIO (Chief Information Officers)
  • CPAs (Certified Public Accountants)
  • CBAs (Chartered Bank Auditors)
  • CIAs (Certified Internal Auditors)
  • CFEs (Certified Fraud Examiners)
  • Regulators who supervise or examine banks or financial institutions
Instructor Profile:
Mario Mosse

Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in enterprise risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of Operational Risk Management at Prudential Financial, Inc. and with The Chase Manhattan Bank, where he held several senior positions in risk management and internal audit.

Topic Background:

Financial institutions are accountable for the actions of their vendors and outsourcing partners and, in most cases, will suffer the financial and reputational consequences of their shortcomings. Additionally, in the aftermath of the financial crisis, regulatory scrutiny has reached beyond financial institutions, to the vendors that support them.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail [email protected].

Field of Study Minutes CPE
Business Management & Organization 30 0.6
Regulatory Ethics 30 0.6
Specialized Knowledge and Applications 30 0.6
Total Duration - 90 Min Total Credits - 1.8

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

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