Managing the Risk of Third-Party Relationships - 2023
Presented by
John Burnett
Recorded on August 17, 2023
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Banking organizations routinely rely on third parties for a range of products, services, and other activities. The use of third parties can offer banking organizations significant benefits, such as quicker and more efficient access to technologies, staffing, delivery channels, products, services, and markets.
Banking organizations' use of third parties does not remove the need for sound risk management. In fact, the use of third parties, especially those using new technologies, may present elevated risks to banking organizations and their customers, including operational, compliance, and strategic risks. The use of third parties does not diminish or remove banking organizations' responsibilities to ensure that activities are performed in a safe and sound manner and in compliance with applicable laws and regulations, including but not limited to those designed to protect consumers (such as fair lending laws and prohibitions against unfair, deceptive or abusive acts or practices) and those addressing financial crimes.
In this one-hour presentation, you’ll learn about —
WHO SHOULD ATTEND:
Risk management personnel including compliance managers and auditors; personnel involved in interactions with and oversight of third-party service providers.
John Burnett
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