Why Should You Attend:
This webinar will cover the risk management guidance on third-party relationships provided by the OCC Bulletin 2013-29. According to the Office of the Comptroller of the Currency (OCC): “Banks continue to increase the number and complexity of relationships with both foreign and domestic third parties, such as:
outsourcing entire bank functions to third parties, such as tax, legal, audit, or information technology operations;
outsourcing lines of business or products;
relying on a single third party to perform multiple activities, often to such an extent that the third party becomes an integral component of the bank’s operations;
working with third parties that engage directly with customers;
contracting with third parties that subcontract activities to other foreign and domestic providers;
contracting with third parties whose employees, facilities, and subcontractors may be geographically concentrated; and,
working with a third party to address deficiencies in bank operations or compliance with laws or regulations."
The same can be said about virtually any financial institution in the world as competition forces them to look at innovative ways to reduce cost and better serve their clients. This webinar will focus on the major risks the institutions’ face and the oversight and accountability that is critical.
Areas Covered in the Webinar:
Background
Major Risks
Critical Activities
Risk Management Lifecycle
Planning
Due Diligence and Selection
Contract Negotiations
Ongoing Monitoring
Termination
Oversight and Accountability
Board of Directors
Senior Management
Bank Employees
Documentation and Reporting
Independent Reviews
This webinar will cover the risk management guidance on third-party relationships provided by the OCC Bulletin 2013-29. According to the Office of the Comptroller of the Currency (OCC): “Banks continue to increase the number and complexity of relationships with both foreign and domestic third parties, such as:
outsourcing entire bank functions to third parties, such as tax, legal, audit, or information technology operations;
outsourcing lines of business or products;
relying on a single third party to perform multiple activities, often to such an extent that the third party becomes an integral component of the bank’s operations;
working with third parties that engage directly with customers;
contracting with third parties that subcontract activities to other foreign and domestic providers;
contracting with third parties whose employees, facilities, and subcontractors may be geographically concentrated; and,
working with a third party to address deficiencies in bank operations or compliance with laws or regulations."
The same can be said about virtually any financial institution in the world as competition forces them to look at innovative ways to reduce cost and better serve their clients. This webinar will focus on the major risks the institutions’ face and the oversight and accountability that is critical.
Areas Covered in the Webinar:
Background
Major Risks
Critical Activities
Risk Management Lifecycle
Planning
Due Diligence and Selection
Contract Negotiations
Ongoing Monitoring
Termination
Oversight and Accountability
Board of Directors
Senior Management
Bank Employees
Documentation and Reporting
Independent Reviews
