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Vendor Management - Agencies Raising Expectations Webinar
July 16, 2024
The banking agencies recently issued proposed guidance on managing the risks of third-party relationships that will replace existing guidance. Vendor management has been an important issue for a long time, but it is apparent that the expectations will be increasing, no matter in what form the proposed guidance is finalized. The rise of fintech companies and their participation in the banking industry has changed the landscape of risk in important ways, and financial institutions need to adapt.
In this webinar we’ll discuss the proposed guidance and what these new expectations are, and how to best improve your vendor management program to implement the changes and expectations. We’ll also go over the elements of a successful vendor management program in any institution, from vendor selection to monitoring.
What You Will Learn
- New proposed third-party management guidance from the agencies – what to expect and what this tells us.
- Managing relationships with financial technology (fintech) firms.
- Developing and maintaining risk management policies and programs regarding third-party relationships
- Oversight of third-party activities.
- Contract negotiation and management.
- Ongoing monitoring.
- Identification of significant vendor relationships – what does this mean and what are the covered activities?
- Vendors’ ability to comply with applicable law and regulations.
Who Should Attend?
Risk Officers and Compliance Staff
Date & Time
July 16th
9:50AM Zoom Sign In | 10:00AM Program Start | 12:00PM Program Concludes
Agenda
Speakers
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Carl Pry
<p>Carl Pry, a Senior Advisor at Asurity Advisors, is a seasoned executive with banking law, corporate finance, and regulatory compliance experience in Fortune 500 institutions, regional banks and industry consulting firms. Carl advises clients on consumer and commercial compliance, fair lending, operations, risk, corporate treasury, and risk management.</p><p>Over the last thirty years, Carl has held senior leadership positions including Managing Director and Senior Advisor at a boutique regulatory compliance consulting firm, Senior Vice President and Compliance Manager for the Compliance and Control Division at KeyBank, Manager of Finance and Performance Management Service Line at Accenture, and Vice President of Regulatory Services at Kirchman Corporation. With strong knowledge and experience as a banking attorney and officer, Carl is a frequent contributor to and currently serves as the Co-Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. As a featured speaker for numerous banking, compliance, and state bar associations, he has led hundreds of training sessions across the country. Carl has served as an instructor at FDIC examiner school and back-up instructor for NCUA examiner school. He has authored training programs covering consumer and commercial compliance, Compliance Management Systems, audit, quality control, tax, privacy and risk management. He also serves as a frequent expert witness in litigation matters.</p><p>Carl is a regular columnist for the ABA Bank Compliance magazine. He has authored scores of articles on financial issues and developed testing and support materials for both the ABA’s Certified Regulatory Compliance Manager (CRCM) and BAI’s Anti-Money Laundering Professional (AMLP) certifications, and served as subject matter expert for web-based compliance and audit educational testing programs for banking training firms. He is the author of “Internet Banking Manual”, a comprehensive guide to business planning, risk analysis and maintaining a presence for financial institutions on the Internet. For LexisNexis, he also authored “The New RESPA Rule: Navigating New Disclosures” and “The Evolution of Reg. Z: Increased Duties and Responsibilities for Lenders,” among other publications.</p><p>Carl holds a JD and an MBA from the University of Toledo and a BSBA from Bowling Green State University. He is also a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP).</p>
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Asurity Advisors | All Sessions |