Effective Vendor Risk Management

Why Should You Attend:

This webinar will cover the risk management guidance on third-party relationships provided by the OCC Bulletin 2013-29. According to the Office of the Comptroller of the Currency (OCC): “Banks continue to increase the number and complexity of relationships with both foreign and domestic third parties, such as:

• outsourcing entire bank functions to third parties, such as tax, legal, audit, or information technology operations;
• outsourcing lines of business or products;
• relying on a single third party to perform multiple activities, often to such an extent that the third party becomes an integral component of the bank’s operations;
• working with third parties that engage directly with customers;
• contracting with third parties that subcontract activities to other foreign and domestic providers;
• contracting with third parties whose employees, facilities, and subcontractors may be geographically concentrated; and,
• working with a third party to address deficiencies in bank operations or compliance with laws or regulations."

The same can be said about virtually any financial institution in the world as competition forces them to look at innovative ways to reduce cost and better serve their clients. This webinar will focus on the major risks the institutions’ face and the oversight and accountability that is critical.

Areas Covered in the Webinar:

• Background
• Major Risks
• Critical Activities
• Risk Management Lifecycle
• Planning
• Due Diligence and Selection
• Contract Negotiations
• Ongoing Monitoring
• Termination
• Oversight and Accountability
• Board of Directors
• Senior Management
• Bank Employees
• Documentation and Reporting
• Independent Reviews

Who Will Benefit:

• Asset Managers
• Broker/Dealers
• Supervisors
• Financial Officers
• Risk Officers
• Operational Risk Managers
• Board Members
• General (Legal) Counsel
• Internal and External Auditors
• CFOs (Chief Financial Officers)
• COO (Chief Operating Officers)
• CRO (Chief Risk Officers)
• CIO (Chief Information Officers)
• CPAs (Certified Public Accountants)
• CBAs (Chartered Bank Auditors)
• CIAs (Certified Internal Auditors)
• CFEs (Certified Fraud Examiners)
• Regulators who supervise or examine banks or financial institutions

Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in enterprise risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of Operational Risk Management at Prudential Financial, Inc. and with The Chase Manhattan Bank, where he held several senior positions in risk management and internal audit.

Topic Background:

Financial institutions are accountable for the actions of their vendors and outsourcing partners and, in most cases, will suffer the financial and reputational consequences of their shortcomings. Additionally, in the aftermath of the financial crisis, regulatory scrutiny has reached beyond financial institutions, to the vendors that support them.

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