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Vendor Management Program Template and Consulting

We can review your program 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 thorough Vendor Management Program document is essential for expanding on the foundation that your board-level Vendor Management Policy created. The program is the underpinning of your vendor management protocol; it should be a hands-on type of document that the lines of business regularly use so they know what their role is in the vendor management process.

Our experienced vendor managers have “real world” financial institution experience. We can review your program 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 program.

Key benefits
  • Reviewed by experts who have written and implemented functioning programs and worked through numerous exams
  • Objective and independent review of the description of the practices employed by your institution to adequately manage its vendors
  • Full adherence to regulatory expectations and incorporating best practices can drastically improve your performance
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Our experts

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

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Regulatory Guidance

please see the FFIEC Examination guidelines, FDIC Financial Institution Letter 44-2008 and OCC Bulletin 2013-29.

 

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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!

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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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