Here's your starting point of our 4-part series that covers the 3 primary components essential to building an exam proof vendor management operation at your financial institution. Those 3 components are:
Policy - Program - Procedures
Part 1 of the series begins with a high level review of the vendor management umbrella and a brief description of the 3 components described above. Parts 2-4 break down each component of the umbrella in more detail.
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Think of vendor management as an umbrella. An umbrella has three important elements too. The canopy, the rod and the handle. Each plays an important role in ensuring you are covered during a downpour.