Third and Fourth Party Vendor Risk Management for Financial Institutions

New regulations, technologies, standards, and security threats require organizations to implement robust vendor oversight to meet and stay ahead of the latest risks and challenges from new payment methods and systems, data breaches, and cyber-attacks. However, the service provider control evaluation process has long been inefficient and costly. Each outsourcing organization produces and distributes its own proprietary questionnaire to each of its service providers. Service providers strain their resources to respond to diverse client information requests. Inconsistencies from questionnaire-to-questionnaire cause delays for all parties. Time and resource intensive onsite visits further burden both the outsourcer and the service provider.

 

Pre-course questionnaire:

To ensure that you gain maximum benefit from this event, a detailed questionnaire will be sent to you to establish exactly what your training needs are. The completed forms will be analysed by the course trainer. As a result, we ensure the course is delivered at an appropriate level and that relevant issues will be addressed. The comprehensive course material will enable you to digest the subject matter in your own time.