Participants in this webinar will be introduced to 3rd Party Service Provider risk management techniques and approaches. Clearly defining what a third party is and the risks associated with their use, we then delve directly into establishing a salient risk management program. Providing examples for each step in the TPSP risk management plan, participants will walk away with details on creating and implementing a risk management plan that works.
Additionally, every participant will recognize the need for reporting and through this webinar be introduced to new ways to review and report third-party service provider performance. Boards of Directors are under pressure to better understand the strategic use of 3rd Parties and reporting will help them understand that better.
For any risk manager or business leader that is concerned about the risk of third parties, this webinar is a must to attend.
3rdParty Service Providers can effectively ease workload burdens on staff. They can also provide needed expertise, especially in technical areas of the business or they can provide a complete outsourcing venue. Regardless of the role they play, the risks must be defined, analyzed, and controlled.
This webinar highlights the risks and controls of 3rd party service providers. Participants will also receive insights into Board reporting that is dynamic and meaningful.
Additionally, every participant will recognize the need for reporting and through this webinar be introduced to new ways to review and report third-party service provider performance. Boards of Directors are under pressure to better understand the strategic use of 3rd Parties and reporting will help them understand that better.
For any risk manager or business leader that is concerned about the risk of third parties, this webinar is a must to attend.
Why you should Attend
The proliferation of 3rd Party Service Providers began long before COVID-19 and has only grown after. Because we expect the growth and use of 3rd Parties to increase it is important that we understand the risks associated with their use. Once understood, then we can design and implement programs that will help us leverage cost-effective 3rd parties while protecting our organizations from the risks inherent in their use.3rdParty Service Providers can effectively ease workload burdens on staff. They can also provide needed expertise, especially in technical areas of the business or they can provide a complete outsourcing venue. Regardless of the role they play, the risks must be defined, analyzed, and controlled.
This webinar highlights the risks and controls of 3rd party service providers. Participants will also receive insights into Board reporting that is dynamic and meaningful.
Areas Covered in the Session
- Define the enterprise-level risks associated with 3rd parties
- Introduce a 5 step plan for risk management of 3rd parties
- Defining Planning, due diligence, contract negotiation, monitoring, and termination
- Explore different governance methods over 3rd parties
- Determine the appropriate analysis of 3rd parties
- Develop reporting to the Board of Directors
Speaker
Daniel A Clark has over 25 years of experience in Financial Services from regional banks to global giants like Citigroup and GE Capital. His early career roles included: sales, credit risk management and operations. For the last 18 years he has been fully focused on Risk Management and Internal Audit.Who Should Attend
- Members of the Board of Directors
- CEO
- Senior Management
- Middle Management
- Operations Managers
- Risk Officers
- Regulators
- Consultants
