Vendor Management

The more your financial institution outsources its work to vendors, the more regulatory, legal, consumer risk that you will be exposed to.  If you hire vendors, what is your process to risk rate the vendor and request appropriate documentation for the vendor from birth to death. 

Covered Topics:

  • Risk rating vendors
  • Director, executive and management staff rolls
  • Life cycle of a vendor 
  • Selecting a vendor
  • Signing a contract with a vendor
  • Exiting the vendor relationship
  • Vendor significance