Third Party Risk Management - How to Be Overseen as a Vendor

Date:

Time:

Summary:

The use of third party service providers and vendors continues to increase and are key to an organization's ability to function efficiently and serve customers. With this rise in the use of third parties comes increased risk factors that require identification, review and mitigation. Whether a service provider to mortgage lenders that are assessed periodically or an organization with third party vendors to assess, this area of risk management has become a focal point with regulators and all participants in the industry.

Third Party Risk Management programs today must be developed to assess the risk to the business and provide appropriate action plans to address them. A well-governed program has multiple components and requires resources and management support to be successful. Understanding the basic building blocks of a formal third party risk management program is an essential first step.

As a service provider or vendor to mortgage lenders and other industry participants, it is important to understand the assessment process and how to respond to the volume and complexity of due diligence requests in a way that minimizes time and resources.

Objectives:
Attendees can expect to understand:

• Current regulatory landscape
• Why all these assessments?
• Program governance, objectives and outcomes
• Responding to an assessment
• The onsite review process
• Using standard questionnaire and response methodologies
• Collaboration strategies and methods

Speakers:

• Shawn H. Malone, Founder & CEO, Security Diligence, LLC
• Brad Keller, Senior Director, Third Party Strategy, Prevalent, Inc.

Who Should Attend?

• CRO
• CIO
• CISO
• Compliance Officers
• Risk Managers
• Vendor Managers
 

For registration information, call (800)-793-6222 or email education@mba.org