Vendor Oversight: Ongoing Compliance Challenges
Tuesday, January 15, 2019
12:00 pm – 1:00 pm Eastern
Third-party risk represents one of the biggest potential risk factors for financial institutions today. With tightened regulatory standards and heightened cyber risks, regulators are examining more deeply and it’s not enough for banks to simply “check the box” on performing due diligence or oversight. Understanding how to apply a comprehensive and disciplined approach for meeting compliance requirements remains a challenge for financial institutions, big or small. This webinar will provide practical strategies to help overcome these challenges.
What You Will Learn:
- Key regulatory requirements and the vendor management lifecycle
- How to operationalize vendor management: evolving your team from data collectors to risk manager
- Understanding and applying third-party risk profiles and tiering to vendor relationships
- Determining risk and mitigation strategies
- Program benchmarking and operation metrics
- Critical contract terms to leverage control and mitigate risk
Who Should Attend?
Audit, Bank Compliance, IT, Legal, Regulatory Compliance, Risk and Fraud, Vendor Management
Dena Somers, Esq, Founder finreg Partners
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance.
Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by BankersHUB
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.
Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
Additional Hookups: Registering another banker from a different location