MyComplianceOffice is proud to be a first-time exhibitor the 2016 3rd Party Risk Management for Banks conference in Chicago this June 6 through 8.
“With a concrete approach to managing risk, firms can turn third parties into strategic assets. The 2016 edition provides small, medium and large-sized banks with answers to fourth party identification, how to minimize major service interruptions, properly handle customer or employee data, and comply with regulatory guidelines.” Read more here.
Key Topics
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Identify and classify third parties and subcontractors with guiding principles to address tougher regulations
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Establish a sound risk appetite framework by implementing a holistic approach to third party risk management
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Monitor and review third parties through due diligence assessments and accountability protocols
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Fortify cyber security protocols with third parties and learn strategies to cope with breaches
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Spearhead a business continuity and resiliency plan that aligns with regulatory guidelines to sustain critical operations during the resolution process
Join our on-site industry specialists from MyComplianceOffice at our booth to discuss these topics in more depth as well as:
Vendor on-boarding
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Simplifies the introduction of new suppliers and ensures that they comply with your company’s third party supplier policies.
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Integrates with external data sources on credit, screening, to obtain validation of supplier appropriateness
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Single source for status of all onboarding related activities and documents
Ongoing Due Diligence
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Conduct periodic due diligence of supplier’s activities and ensure ongoing compliance with company policies
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Automatically alert appropriate personnel if responses outside agreed criteria
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Manage issues through Case management through to resolution
Centralized Data
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KYTP is the central data source for status, history, and cases for your suppliers
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Storage all related supplier documents such as contracts, RFPs, and other related data
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Easy search and reporting
Not able to attend the conference?
Request an online demo of our Know Your Third Party (KYTP) solution.
