Date: | April 25, 2018 - 1:00pm - 2:00pm |
Timezone: | (GMT-05:00) Eastern Time (US & Canada) |
Location: | Training Doyens, 26468 E Walker Dr,Aurora, Colorado 80016-6104, Aurora, CO, 80016-6104, United States |
Website for Event: | https://bit.ly/2Gif763 |
Topic: | Human Resources |
Description: | OVERVIEW Financial institutions (FI) often outsource banking functions to qualified third party service providers and software vendors. A third party relationship is any business arrangement between a bank and another entity, by contract or otherwise. This webinar provides assistance to FIs for assessing and managing risks associated with third party relationships. Regulators expect an FI to practice effective risk management regardless of whether the bank performs the activity internally or through a third party. An FI’s use of third parties does not diminish the responsibility of its Board of Directors and senior management to ensure that the banking function is performed in a safe and sound manner and in compliance with the FI’s policies and applicable laws. Managing the third-parties is an integral aspect of the FI’s risk management function. The engagement, operation, oversight and termination of third party relationships require each FI to create and maintain a set of policies and procedures to address this risk. The framework for the policies and procedures is often provided by one of a number of federal agencies tasked with oversight of the financial industry. These agencies include, but are not limited to: Federal Financial Institution Examination Council (FFIEC) WHY SHOULD YOU ATTEND This Webinar will prepare your organization to incorporate the best practices that should drive the use of third-parties. Our audience will walk away with ideas on reducing risk in third-party relationships. An FI should adopt risk management processes commensurate with the level of risk and complexity of its third party relationships and should assure that comprehensive risk management and oversight of third party relationships involving critical activities reduce risk based on best practices. As the number and complexity of relationships with third parties increases, the need for a consolidated approach towards the management and risk reduction of third parties becomes more important. The third party relationship may take many forms and address many of the FIs needs. Typically, cost controls are the reason for employing the third party. FIs may: Outsource entire bank functions to third parties, such as tax, legal, audit, or information technology operations. AREAS COVERED What’s a Third Party? LEARNING OBJECTIVES Become familiar with the framework that supports the use of third parties in the enterprise. WHO WILL BENEFIT This webinar will provide valuable guidance to all personnel in: Executive positions SPEAKER Marc Perl brings over 30 years of professional experience to Teknowlogy Associates. Marc's diverse experience includes risk management, payments processing, data security, product development, software development and software quality assurance. During 20 years at Visa, he was a key member of Visa's Risk Management team, where he developed and managed the compliance program for the Payment Card Industry Data Security Standard (PCI DSS) as part of the Cardholder Information Security Program (CISP). For more detail please click on this below link: Email: support@trainingdoyens.com |
Contact Name: | Training Doyens |
Contact Email: | support@trainingdoyens.com |
Contact Phone: | +1-720-996-1616 |