The Evolving Landscape for Management of Third Party Service Providers
Dan Clark has over 30 years of experience in the financial industry. 19 of that in Risk Management and Internal Audit where he established risk-based internal audit processes. He is an active speaker and contributor to industry conferences, publications, and think tanks. His book, Dare to Be Different, An Auditor’s Personal Guide to Excellence has been well received in the industry. Dan has been a CAE for international banks, regional banks and was Director of Operations for Internal Audit at GE Capital. He now provides Audit and Risk Advisory Services to various sectors of the market place.
This webinar discusses how to select third parties, understand the direct and indirect risk, tools to protect your reputation, create controls and implement management practices that will facilitate understanding and enterprise-wide attention to this emerging risk area.
All businesses outsource certain functions and or processes. It is efficient and usually good for business. However, not all businesses fully understand the risks associated with the use of third-party service providers. Business management cannot be content to just hire a third party they must understand the risks associated with that relationship. This webinar introduces you to third party risk and controls and provides tips on how to best manage those risks.
- Identify and classify or rate Third Parties
- Creation of monitoring tools to ensure quality performance
- Confirm control design and implementation of the third-party management process
- Share best practices already in place
- Provide insight into regulatory concerns
Course Level - Intermediate
Who Should Attend
- Risk Managers
- Directors of Internal Audit
- Enterprise Risk Managers and Staff
- Quality Control Staff
- Compliance Officers
- Operations Leaders
- Operational Risk Leaders
- Business Executives
Why Should You Attend
Webinar attendees will learn to create and establish methodologies for selecting, managing, and terminating third parties. Management principles include oversight, monitoring, and quality control processes that provide management with high degrees of comfort that third party risks are being managed as expected.