Aug 5, 2024
Financial institutions increasingly relying on third-party providers to offer their products and services creates increased risk. This educational session provides best practices to help you develop a simple, yet comprehensive Vendor Management Program and a Model Risk Management Program.
Starting with the core system and following with all the banking products you offer to your clients that depend on technology, how in-depth should your due diligence be?
Along with Vendor Management, which includes all the third-party providers of systems and software, comes yet another risk – Model Risk. This session will explain step by step the OCC SR Letter 11-7 following their guidance on Model Risk Management. You will walk away with a clearer understanding of where Vendor Management and Model Risk Management fit within your ERM program.
The session will cover best practices to help you develop a simple, yet comprehensive Vendor Management Program and a Model Risk Management Program based on the speaker’s experience, the FFIEC IT Examination Handbook, and OCC’s guidance on Model Risk Management.
August 5th, 2024
2:30 pm -4:30 pm EST
What You'll Learn
Who Should Attend
Vendor Management Program Managers, Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, IT personnel, and Presidents involved in the risk management process and their ERM program will benefit from this session.
Marcia (“Marci”) Malzahn is the founder and inspirational keynote speaker at Crowning Achievements International—inspiring and educating emerging leaders in the financial services industry. She is also the president and founder of Malzahn Strategic providing management consulting services to community financial institutions. Marci has 30 years of banking experience, ten of those years as the EVP/CFO/COO of a community bank she co-founded.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380