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Third Party Risk Management

Learn best practices and strategies to help you enhance your current third-party risk management program.

The financial services landscape continues to experience rapid change and transformation with each passing day. This brave new world order means innovation, disruption and modernization across several areas in the industry. Key industry initiatives are centered around open banking, digitization, mobile payments, virtual currencies, data and regulatory compliance. Legacy financial technology providers are being challenged and in some cases being replaced by new market participants. New partnership models between banks and nonbanks seeking to meet customer expectations around convenience, accessibility and technological advancements continue to drive the need to enhance an organization's third-party risk management program. This topic of third-party risk management will help persons responsible for working with external vendors and service providers to better understand the changing landscape and learn ways to manage the risk this may present. Failure to effectively manage a third-party relationship can expose businesses to strategic, reputational and operational risks to name a few.

Runtime: 89 minutes
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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

Managing Risks in the Everchanging World of Financial Services

Best Practices in Third-Party Risk Management

  • The Risk Management Lifecycle
  • Key Elements of an Effective TPRM Program
    • Due Diligence and Onboarding
    • Performance and Ongoing Monitoring

New Regulations and Industry Initiatives and Their Impact on Third-Party Risk

  • Privacy and Data Management
  • Faster Payments

Business Continuity Planning

  • Disaster Recovery
  • Joint Exercises and Testing
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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 September 13, 2019.

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

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

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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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

Eric Duelfer, PMP, PMI-ACP, CLSS

Eric Duelfer, PMP, PMI-ACP, CLSS

Navigant

  • Associate director with Navigant’s banking, insurance & capital markets practice, a certified project management professional, an agile certified practitioner, and a certified lean six sigma sensei
  • Provides vendor selection, vendor implementation / transition, third-party risk management, project management, and process improvement services to financial services and insurance companies seeking to increase operational efficiency and institute change within the organization
  • Specializes in assisting financial services and insurance organizations with vendor selection, transition, and ongoing management; target operating model design and implementation; process re-engineering; operational modeling; project management; business analysis; system replacement planning and implementation; and data collection, analysis, and reconciliation
  • Can be contacted at 609-219-8865 or [email protected]
Tanya Hughes

Tanya Hughes

Navigant Consulting, Inc.

  • Managing director within the banking, insurance & capital markets practice at Navigant
  • More than 20 years in the financial services industry and leverages her experience, client insight, analytical mindset, and innovative thinking to address her clients’ challenges in developing and executing strategic business initiatives that manage risk, improve client satisfaction and bank performance all in a manner that is both innovative and compliant
  • Experience also includes planning, managing and executing technology initiatives in the areas of business process outsourcing, core processing, consumer and corporate payments and digital
  • Worked with clients to streamline and improve their third party and vendor risk management programs
  • Can be contacted 202-973-2452 or [email protected]
Mike Parrinello

Mike Parrinello

Navigant

  • Director within the banking, insurance and capital markets practice at Navigant
  • Seasoned project manager, facilitator and expert communicator who frequently represents clients in front of their business partners in the investment management industry
  • Extensive experience optimizing technology and operations organizations of investment managers and service providers has enabled him to become a trusted advisor to senior executives throughout the financial services industry
  • Advises asset managers on the optimization of their investment operations and advises service providers on how to improve the controls and procedural framework of their operating model and enhance the customer experience
  • Trusted advisor to some of the world’s top financial institutions and guides them on how to best effect operations and technology changes in their organizations
  • Can be contacted at 617-748-8320 or [email protected]
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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
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  • 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.

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Product ID: 406235
Published 2019
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