All the federal regulatory agencies have clear expectations around banks’ vendor management programs. Required elements include review of contractual arrangements, identification of critical vendors, continuous and independent reviews, and risk assessments. As well, a review of the compensation arrangements between the bank and its vendors are at issue. Is your program up to these expectations? Make sure you have the proper responsibilities and accountability articulated for your program.
Other Topics Include:
- Who Should be the Focus of Your Vendor Program?
- Concerns/guidance from each Federal Regulator (CFPB, Federal Reserve, and OCC)
- Board & Management Oversight of Regulatory Expectations
- Service Level Agreement (SLA) Recommendations
- Policies and Procedures, Training, and Auditing
Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.
- Includes Audio, Video and Powerpoint.
- PDF Handouts
- Discussion Questions
- 20-25 minutes in length (Perfect to show at your monthly board meeting!)
Who Should Attend?This program is recommended for your Executive staff including every member on your Board of Directors.
“We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank
“After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust
Please note: This site employs features that may cause unexpected behavior in older versions of Internet Explorer. If you experience a problem, try refreshing your screen. If this doesn't solve the problem, click on this link.
You may contact us by using the Online Chat button below.