Managing the Third Party Relationship

Banks often rely upon third parties to perform a wide variety of services and other activities.  Recent federal guidance from prudential regulators clarifies that a bank’s board of directors and senior management are ultimately responsible for managing activities conducted through third party relationships, including identifying and controlling the risks arising from such relationships, to the extent as if the activities were handled within the bank.  This program outlines the bank’s third party relationship management responsibilities and discusses the board’s specific role, which includes oversight and accountability of the bank’s risk management process.

Covered Topics

  • Identifying Significant/Critical Relationships
  • Bank Responsibility – Risk Management Process
  • Third Party Relationship Risks
  • Risk Assessment
  • Due Diligence
  • Contract Structure and Negotiation
  • Ongoing Monitoring
  • Board Responsibility –  Oversight and Accountability
  • Supervisory Reviews/Examinations
  • Penalties
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The cost of subscription is determined by the asset size of your institution. In the case of holding companies or banks under common ownership, the aggregate asset size of participating banks determine the subscription tier.
   Non-bank or < 499M - $125 per month   
   $500M - 999M - $250 per month   
   $1 - 5B - $425 per month   
   $5 - 10B - $600 per month   
   > 10B - $850 per month