Listen to learn the basics of the third party risk management framework, including how it relates to enterprise risk management (ERM).Check It Out
Learn what the scope of a vendor's SOC report means and where to find it along with what typical audit periods are and a few questions to ask yourself while reviewing the narrative.Check It Out
We'll discuss fundamental best practices of third party risk management that you need to implement such as education, tailored ongoing monitoring, outsourcing and not cutting corners.Check It Out
Even though each vendor agreement includes different contractual terms, 5 security and confidentiality provisions should always be addressed. Let's go through them.
Ensuring your critical vendors can survive in disaster helps ensure your financial institution can also survive. Learn what Business Continuity & Disaster Recovery plans are & how our team reviews them.Check It Out
When reviewing and negotiating critical vendor contracts, consider many elements. Here's 5 key provisions to give special attention.Check It Out
You report the vendor's financial health to senior management and board. What happens when the financial health is poor? We will go over the domino effect, the issue in the industry and what you can do about it.Check It Out
You must define specifically who will be a part of your third party risk management program and also, equally important, who is out.Check It Out