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
Identify and classify third parties and subcontractors with guiding principles to address tougher regulations
Establish a sound risk appetite framework by implementing a holistic approach to third party risk management
Monitor and review third parties through due diligence assessments and accountability protocols
Fortify cyber security protocols with third parties and learn strategies to cope with breaches
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
Simplifies the introduction of new suppliers and ensures that they comply with your company’s third party supplier policies.
Integrates with external data sources on credit, screening, to obtain validation of supplier appropriateness
Single source for status of all onboarding related activities and documents
Ongoing Due Diligence
Conduct periodic due diligence of supplier’s activities and ensure ongoing compliance with company policies
Automatically alert appropriate personnel if responses outside agreed criteria
Manage issues through Case management through to resolution
Centralized Data
KYTP is the central data source for status, history, and cases for your suppliers
Storage all related supplier documents such as contracts, RFPs, and other related data
Easy search and reporting
Not able to attend the conference?
Request an online demo of our Know Your Third Party (KYTP) solution.