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Vendor Management Policy Template and Consulting

We can review your policy documents for compliance with regulatory guidance as well as industry best practices. Or, we can start from scratch.
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CONTACT SALES: (270) 506-5140

A well-written Vendor Management Policy is absolutely essential as the foundation of an effective vendor management structure. The policy should be board approved and very familiar to the senior management team. If vendor management is included in your audit or examination, likely the vendor management policy will be one of the first documents requested.

Our experienced vendor managers have “real world” financial institution experience. We can review your policy for compliance with regulatory guidance as well as industry best practices. A few hours of effort can help identify and proactively address any deficiencies in your policy.

Key benefits
  • Reviewed by on-staff risk management experts who have written policies and worked through numerous exams
  • Objective and independent review of documents you're already using
  • Regulatory expectations and best practices can immediately improve your performance
  • Can provide a model template or help customize the framework of your own policy
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Our experts

Our experienced vendor managers have “real world” financial institution experience. We can review your policy for compliance with regulatory guidance as well as industry best practices.

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Why choose Venminder

In today’s world of increased outsourced risk and heightened regulatory scrutiny, third party risk management is outgrowing the capacity of existing resources at most financial institutions.

The internet of things along with the rapid movement to the cloud necessitates a whole new set of qualifications when assessing vendor risk. Additionally, the sheer volume of assessments, documentation and reporting that is required on all levels of third parties requires an efficient and organized system to properly manage it all.

The perfect solution combines the qualified experts with a robust software platform to ensure your third party risk program meets regulatory requirements and produces excellent exam results. That is what Venminder delivers!

Third Party Risk Policy Sample

DOWNLOAD A SAMPLE

Click here to download a sample
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Do you know your vendors financial condition?

Download a free one page summarized financial statement analysis now

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Meriwest Credit Union Case Study

Read how Meriwest Credit Union changed their vendor management with Venminder

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