Tuesday, March 18, 2014
Eastern Daylight Time
Credit Union Web Training Webinar:
Vendor Contract Lifecycle Management: Risk, Compliance, Securing, Terminating & More
Credit unions use a wide array of vendors to perform daily services. Managing vendor relationships is becoming more difficult and regulators are placing more emphasis on the security of member information and the potential risk of vendor nonperformance. Every credit union is now required to maintain a written vendor-management program. This webinar will thoroughly explain the elements of an effective vendor-management program, including risk assessment, due diligence when selecting vendors, contract review and structuring, vendor monitoring, and termination. It will also address your credit union’s potential liability for the vendor’s performance and the relevant accounting rules.
Continuing Education: Attendance verification for CE credits upon request
Regulator expectations of the credit union’s vendor compliance management program
Assessing risks imposed by the vendor relationship
Due diligence process in selecting the vendor
Contract negotiation: what terms should be included and the things to avoid
Effective, ongoing monitoring and evaluation of the vendor
Sample questionnaire to use for ongoing vendor monitoring
Sample form for terminating a vendor relationship
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session will benefit any staff responsible for vendor or other third-party contracts, such as compliance officers, operations personnel, attorneys, and management.
Webinar content is subject to copyright and intended for your individual credit union’s use only.
MEET THE PRESENTER
Elizabeth Fast, Spencer Fane Britt & Browne LLP
View Registration Options and Pricing