Show navigation

Available in:

OnDemand Webinar

Improving Vendor Relationships and Decreasing Risk

Financial institutions increasingly look to vendor and third-party service provider relationships as a way to gain a competitive advantage. These relationships can offer institutions a variety of safe and secure opportunities to improve overall success by, for example, reducing costs, performing functions on the institution's behalf and providing products and services that the institution does not offer. Reliance on vendor relationships, however, can significantly increase a company's risk profile. Failure to adequately manage vendor risks leaves a company exposed to regulatory action, financial loss, litigation and possibly damage to its reputation. In this on-demand webinar Kimberly Schaefer, a partner in the Vorys, Sater, Seymour and Pease LLP's corporate group, will outline the four steps of the risk management process, including oversight responsibilities throughout the vendor relationship.

Learning Objectives:

  • You will be able to discuss risk assessment.
  • You will be able to explain due diligence.
  • You will be able to identify contract negotiation and structuring.
  • You will be able to review ongoing monitoring.

Runtime: 86 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Risk Assessment

  • Players
  • Cost/Benefit Analysis
  • Evaluating the Quantity of the Risk

Due Diligence

  • Timing
  • Scope

Contract Negotiation and Structuring

  • Scope of the Relationship
  • Performance Measures and Responsibilities
  • Responsibilities for Providing and Receiving Information
  • Authorization to Audit
  • Confidentiality Procedures
  • Business Resumption and Contingency Plans
  • Service Level Agreements

Ongoing Monitoring

  • Monitor the Vendor's Financial Condition
  • Monitor Controls
  • Documentation
  • Performance Reviews
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 12, 2013.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kimberly J. Schaefer

Kimberly J. Schaefer

Vorys, Sater, Seymour and Pease LLP

Kimberly Schaefer

  • Partner in the Vorys, Sater, Seymour and Pease LLP Cincinnati office and a member of the corporate group
  • Has been included on the Best Lawyers in America list for corporate law for two consecutive years (2013 to 2014) and listed as a Super Lawyers Rising Star for securities and corporate finance law since 2012
  • Notable experience includes: representing financial institutions in obtaining government funds under the TARP; representing financial institutions in the negotiation of large vendor contracts, including data processing and credit card issuances; assisting financial services companies with complex financial regulations, trust preferred offerings and supervisory actions; and assisting financial institutions with the acquisition of other financial companies
  • J.D. degree, magna cum laude, Duke University School of Law; B.S. degree in accountancy, summa cum laude, Miami University
  • Can be contacted at 513-723-4068 or [email protected]
No photo available

Megan M. Westenberg

Vorys, Sater, Seymour and Pease LLP

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 392741
Published 2013
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!