Compliance from a Distance: 
Managing Risk of Third Parties &
Outsourced Processes
WEBINAR OR ON-DEMAND WEB LINK
(LINK INCLUDES FREE CD ROM)


Tuesday,
October 18, 2011

12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern

Meet the Presenter

Elizabeth Fast, JD & CPA, Spencer Fane
Britt & Browne LLP

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Managing vendor contracts and relationships is becoming more difficult.  Every day, credit unions use a wide array of outside vendors, or third parties, to perform services ranging from janitorial to data processing.  In addition, regulators are placing more emphasis on the credit union’s management of vendor contracts, due to concerns about the security of member information and the potential risk of a vendor’s nonperformance.  How should your credit union respond if a vendor absconds with sensitive data (or simply loses it)?  If a vendor breaches contract, what should your credit union do?  Do your vendor contracts adequately protect your credit union?  This session will thoroughly explain the legal aspects and proper management of vendor contracts and how to evaluate the associated risks.

HIGHLIGHTS101811cu.jpg

  • Regulator expectations of vendor contracts
  • Due diligence processes in selecting vendors/third parties
  • Proper management of operational, reputation, strategic, and compliance risks
  • Effective ongoing monitoring of vendor services
  • Contract negotiation:  What terms should be included and the things to avoid
  • Other legal issues
WHO SHOULD ATTEND?

This informative session is designed to assist personnel responsible for handling vendor contracts, such as compliance officers, operations personnel, attorneys, and management.