$305.00 – $705.00
Recorded: July 22, 2022
Presented by: Ms. Leah Hamilton, VP and Senior Consultant, ProBank Austin
Over the past decade or so, third-party risk management has crept its way across all examinations from an IT focus to safety and soundness to compliance. Financial institutions routinely rely on third parties for a range of products, services, and activities – core processing, information technology services, accounting, compliance, human resources, and loan servicing – to name a few.
Competition, advances in technology, and innovation in the financial services industry contribute to institutions’ increasing use of third parties to perform business functions, deliver support services, facilitate providing new products and services, or facilitate providing existing products and services in new ways. As such, a strong Third-Party Risk Management (TPRM) framework that incorporates and promotes sound risk management principles and compliance with all applicable laws and regulations is essential.
In 2021, the federal prudential regulators (FDIC, FRB and OCC) issued proposed guidance to promote consistency in their third-party risk management guidance and to clearly articulate risk-based principles on third-party risk management. The proposed guidance is based on the OCC’s 2013 third-party risk management guidance. Additionally, the OCC’s 2020 FAQs are also being considered for applicability.
During this two-hour Third-Party Risk Management webinar, we will cover:
This webinar will be of value to the Board, senior management, compliance, BSA, audit, risk officers, legal and operations staff members who interact with third parties providing services for the institution will benefit from this Third-Party Risk Management webinar.
Program Level: Basic
Prerequisite: Basic Knowledge of Banking
Advanced Preparation: None
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.
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