This seminar will assist community banks in navigating the critical considerations needed to effectively implement a sound vendor management program. Whether you are a seasoned risk management professional or new to your role, this program will highlight key efforts needed by all community banks to ensure prudent risk management, while also achieving bottom-line results.
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.
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.
Participants will examine the vendor management lifecycle and discuss:
Effective strategies for vendor selection
Evaluating risk associated with service providers
Guidelines for structuring your vendor agreements
Methods for monitoring and measuring success of your third-party vendors
Throughout the seminar, practical advice and guidance will be shared including:
How to remove the guesswork related to employee responsibility and vendor management
Key compliance considerations to monitor service provider relationships
New policy, procedures, and retention strategies
All times stated are Central Time.
|Thursday, Aug. 12||
9:00 a.m. – Noon
Noon - 12:30 p.m.:
12:30 p.m. – 4:30 p.m.:
|Friday, Aug. 13||
ICBA Member Early-Bird: $595
ICBA Member after July 16, 2021: $695
Bank Director Program ICBA Member: $495
Bank Director Program Nonmember: $595
NOTE: Registration fee is valid for one connection, only for the individual registered. For more information, call 800-422-7285.
Program Level: Intermediate
Prerequisites: No previous experience and training necessary.
Delivery Method: Group-Live
Printable Registration Form
If registration is cancelled more than 30 days prior to the event start date, you will receive a full refund. If cancellation is within 30 days prior to the event start date, 20 percent of the registration fee paid will be deducted for costs. A substitute registration will be accepted. No refunds will be issued after the event start date.
Attendance at all ICBA programs will be considered on a first come, first served basis. If the program is cancelled, ICBA’s liability is limited to the registration fee. For additional questions contact ICBA at 800-422-7285.
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This live digital course is for educational purposes only and intended only for participants of the class/event. All rights are reserved by ICBA. No recording or distribution of the content is permitted unless expressly agreed to by ICBA.