Establishing an Effective Third-Party Risk Management Program at Your Credit Union
A free webinar brought to you by CUNA Strategic Services and Venminder.
As a credit union, you likely utilize third-party vendors to improve your operation. There's a lot of value that comes from these relationships, but also a lot of risk. Third-party risk management has increasingly become important for regulatory compliance and protecting your credit union.
However, it's not always clear what a mature program looks like and what proper third-party risk management entails. This session will cover some third-party risk management program basics and how to effectively manage the risk.
Attend the webinar to learn:
- The what, why how and where of third-party risk management
- The third-party risk management lifecycle
- Types of vendor risk
- Reporting to senior management and the board
- Best practices and key mistakes to avoid