Vendor due diligence has become a major aspect of credit union operations. Keeping track of all the different vendors used by a credit union- including the appropriate documentation for each vendor, can seem overwhelming. This session is designed to provide an overview to the elements of a strong credit union vendor due diligence program. While primarily presented as an introduction, seasoned compliance professionals can benefit from the information discussed.
Covered Topics
- Elements of a Vendor Management Program
- Risk Rating
- Required Documentation
- Best Practices for Due Diligence
- Vendor Due Diligence Tips and Resources
Who Should Attend?
- Risk Management Officers
- New Compliance Officers
- Compliance, legal, risk management staff