Financial compliance attorney Timothy Dunfey will highlight the escalating risks associated with third-party relationships and explain the details of relevant regulations you must follow to contain them. You will learn how to protect your institution.
Topics Covered
- What are the risks associated with third-party relationships?
- What risk management process should you follow for these vendors?
- What supervisory process is related to third-party risk?
- How can you assess third-party and vendor risk?
Training Overview
Are your vendor agreements in compliance? Learn how to identify and mitigate third-party risks.
As the unbundling of banking continues and fintech providers abound, financial institutions are more frequently entering into third-party relationships to provide tools accountholders demand. As a result, federal regulators have increased the emphasis they place on the risks of vendor agreements.
You need to understand these risks and manage them by mastering FIL-44-2008, OCC 2013-29, subsequent guidance, and related case studies.
- What are the risks associated with third-party relationships?
- What risk management process should you follow for these vendors?
- What supervisory process is related to third-party risk?
- How can you assess third-party and vendor risk?
Who Should Attend?
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Compliance officers
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Chief compliance officers
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Compliance analysts
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Risk managers
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Compliance attorneys
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Operations managers
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Information technology leaders
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Vendor managers
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Financial institution managers
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Financial institution officers
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Chief executives
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Board members
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Senior management
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Auditors
Expert Presenter
Timothy Dunfey
- Financial crimes compliance attorney and consultant with over 20 years of experience in financial services management, sales, operations, and compliance
- Currently overseeing legal and compliance matters for a credit card company
- Previously Compliance Officer at Citibank, overseeing EDD for the highest risk customers, and Deputy BSA Officer at Great Florida Bank
- As a consultant with Promontory Financial Group, represented boards regarding regulatory deficiencies, managed numerous FCC improvement projects, and conducted audits and risk assessments across a wide variety of financial institutions
- J.D. degree