Third Party Risk Management - How to Oversee

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.

Join us for this 90-minute session on Third Party Risk Management with leading professionals in the security, privacy and third party risk industry. We will review Third Party Risk Management program attributes including challenges to implementation, primary focus areas and keys to success.

Objectives:
Attendees can expect to understand:

• Current regulatory landscape
• Program governance, objectives and outcomes
• Third party inventory and risk ranking
• Performing an assessment and onsite reviews
• Post-assessment analysis and mitigation tracking
• Using framework tools and compliance platforms
• Management and board reporting

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