Pre-conference workshop, March 23, New York

WORKSHOP 2: Third party relationships

8:30 Registration and breakfast

9:00 Understanding the third-party risk management life cycle

  • Understanding the third-party relationship risk management life cycle process phases
  • Outlining the roles for each phase
  • Hot topics - summarizing industry inquiries

John Eckert, Operational Risk Division, OFFICE OF THE COMPTROLLER OF THE CURRENCY

10:30 Morning coffee break

11:00 Effective partnership with procurement in supporting a robust vendor risk management program

  • Establishing the vendor risk assessment process
  • Identification of red flags
  • Minimizing internal/external fraud, KRI's.

Joshua Kotok, Former Senior Examiner, Division of Enterprise Regulation, Office of Operational Risk, FEDERAL HOUSING FINANCE AGENCY

12:30 Lunch

1:30 Managing vendor risk - Learn how service provider FIS manages its own vendors

  • Incorporating regulatory requirements on third-party risk management into your vendor risk management program
  • Implementing an empirically based risk-rating process for your program
  • Incorporating on-going (continuous) monitoring
  • Mitigating associated costs in managing vendor risks.

Greg Montana, Chief Risk Officer, FIS and Kaivan Rahbari, North American Chief Risk Officer, FIS

3:00 Afternoon coffee break

3:30 How banks adapt and manage vendor management life cycle

  • Walk through the life cycle process
  • Program approach in practice and managing the process

Tess Martillano, Operational Risk, BANK OF NEW YORK MELLON

5:00 End of workshop

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