4 Principles of a Strong Third Party Management Program

4 Principles of a Strong Third Party Management Program

Third-party management, done well, is so much more than a check-the-box exercise in regulatory compliance. It protects your institution’s reputation, resources and customers, while enabling cost, risk and performance management, leaving plenty of room to drive innovation. In this webinar co-hosted with Linda Tuck Chapman we discuss the following topics;

• Introduction (2:07)
• Third party management programs in the financial services industry (1:27)
• The 4 principles (2:52)
• The fundamentals of a strong 3rd party management program (10:00)
• Two perspectives for your program: Operating and Governance (3:20)
• The relationship between risk management and compliance (4:12)
• The completeness principle (2:36)
• How to risk adjust your program (3:46)
• Delivering value to the business (3:48)

Download our whitepaper a Framework for a Third Party Risk Management Program

This webinar was co-hosted with Linda Tuck Chapman of Ontala Performance Solutions.