Every financial institution has hundreds of third-party service providers assisting them with their business operations. What if one or more of them wasn’t viable from a risk perspective?
This whitepaper will help guide both novices and experts alike in building and managing successful vendor management programs with such takeaways as:
- Considering key elements when developing a vendor management plan
- Categorizing vendors based on risk
- Understanding the implications of regulatory mandates
- Managing the vendor relationship cycle of contract negotiations, governance, and termination