Mitigate risk by creating a cost-effective vendor management program for your company.
Vendor management is easy to overlook or under prioritize when businesses grow or contract, but it is one of the most cost-effective ways to mitigate risk available. When the value of vendor management is realized, companies can sometimes go overboard, creating unnecessary and illogical bureaucratic barriers to business.
Risk based vendor management prioritizes and allocates your resources by risk level. Whether your business is small or a Fortune 500 company, this topic will help you understand what you need to do to develop or improve your risk based vendor management program.
Learning how to identify, assess, and mitigate risk through simple steps can help minimize litigation, operational losses, and reputational risk. Risk based vendor management is the key to ‘right-sizing’ your vendor management program to be streamlined and effective.
Learning Objectives:
- You will be able to discuss remediative control implementation.
- You will be able to explain the third party risk assessment process.
- You will be able to identify ways to improve your business’ third party risk management program.
- You will be able to recognize types of risks that should be addressed with third party vendors.
The Risk Assessment Process
• Assessing Initial Inherent Risk
• Mitigating Risk Through Due Diligence and Controls
• Managing Residual Risk
• Remediation and Documentation
The Risk Management Eternal Circle
• Governance
• Contract Management
• Monitoring
Putting It Together
• Information Technology and Other Very Specific Mysteries
• When Vendor Management Goes Wrong
• On the Horizon
Credit Information (Sponsored by Lorman Education Services):
- CLE
- CPE
- ISM
- APICS
- NASBA
For Detailed Credit Information page
click here
Only registered attendee will receive continuing education credit.
Faculty
Ashley M. Elmore Drew, Esq., Greenspoon Marder LLP
- Senior Counsel in the Tampa office of Greenspoon Marder LLP
- Provides legal and regulatory compliance guidance to business, real estate, and financial services clients on a wide range of Federal and State topics, including but not limited to the following: RESPA, SCRA, TILA, MLA, PACE Financing, Vendor Management, ECOA, FDCPA, FCRA, FACTA, UDAAP, FATCA, FACTA and myriad regulations. She also represents clients in regulatory and consumer defense litigation
- Was featured in the Tampa Bay Business Journal, discussing the impact of the 2016 election on Dodd-Frank and the effect on community banks
- Has written numerous articles
- Can be contacted at 813-769-7038 or Ashley.ElmoreDrew@gmlaw.com
(Not available outside the US)