Vendor Risk Management - The Basics

Vendor Risk Management - The Basics
Thought Leadership Webinar: When you choose to do business with any service provider, you could be opening your organization up to very real risks in many different areas, including operational risk, reputation risk, credit risk, compliance risk, strategic risk and many others.  In order to mitigate and lower the level of risk a vendor poses, you should implement strong vendor risk management practices including an oversight and ongoing monitoring program.
 


Presented By:
Branan Cooper
CRO, Venminder


Date:
July 8, 2020


Time:
10:00 - 11:00 a.m. EDT
3:00 - 4:00 p.m. BST


Session Length:
60 minutes

 

About This Webinar


Your organization is responsible for ensuring that it’s protected, secure and has all bases covered. When you choose to do business with any service provider, you could be opening your organization up to very real risks in many different areas, including operational risk, reputation risk, credit risk, compliance risk, strategic risk and many others. 

In order to mitigate and lower the level of risk a vendor poses, you should implement strong vendor risk management practices including an oversight and ongoing monitoring program. Assessing the vendor’s quality of service, risk management practices, financial condition and applicable controls are some examples of what those programs should include. 

In this webinar, you will gain a thorough background on sound vendor risk management with practical tips and ideas you can use to start or improve your own program. You will learn:

  • Oversight requirements and best practices
  • The framework of a strong vendor risk management program
  • How to determine the risk levels of vendors
  • Contract management tips
  • What areas of your vendors you need to analyze
  • Common mistakes to avoid

About Our Experts  

  
 
 

Branan Cooper is the Chief Risk Officer at Venminder. Branan has more than 25 years of experience in the financial services industry with a focus on the management of internal processes and controls—most notably in the area of third party risk and operational compliance. Branan leads the Venminder delivery team as the third party risk management subject matter expert in residence.

Branan joined Venminder from the Bancorp Bank where he held the position of Senior Vice President and Director of Third Party Risk Management. He was instrumental in creating their Third Party Risk Management Program and implementing numerous enterprise-wide initiatives. Branan has held similar positions with PartnersFirst, the credit card division of Western Alliance Bancorp, and at MBNA America, as an Executive Vice President working as part of the risk management / compliance integration team as the company was acquired by Bank of America.

Branan also serves as an industry thought leader. He's a member of Infragard and the Professional Risk Managers' International Association (PRMIA). He was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN).

Branan received his undergraduate degree from Duke University, and he completed the Graduate School of Retail Bank Management (CBA) and the Graduate School of Compliance Management (ABA).

 

Continued Risk Learning Credits: 1

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email learning@prmia.org.

  Registration  
  Membership Type Price  
       
  Members (Sustaining, Corporate, RIM & Contributing)
COMPLIMENTARY  
  Non Member $30 USD
 
       

If this is your first time accessing the PRMIA website you will need to create a short user profile to register. Save on registration by becoming a member.

 
When
7/8/2020 10:00 AM - 11:00 AM
Where
Webinar
 

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