With financial institutions
increasingly relying on
third-party providers to offer
all their products and services
comes increased risk. Starting
with the core system, should you
outsource it or keep it
in-house?
And following with the rest
of all the banking products you
offer to your business clients
or members that depend on
technology, how in depth should
your due diligence be?
In this educational session,
the presenter provides best
practices based on the FFIEC IT
Examination Handbook to help you
develop a simple yet
comprehensive Vendor Management
Program. In addition, along with
Vendor Management, which
includes all the third-party
providers of systems and
software, comes yet another
risk—Model Risk.
The presenter will explain
step by step the OCC SR Letter
11-7 following their guidance on
Model Risk Management. You will
walk away with a clearer
understanding of where Vendor
Management and Model Risk
Management fit it within your
ERM program.
This webinar will help your
institution identify key vendor
relationships and conduct the
appropriate due diligence. In
addition, you will learn how
Model Risk fits in the Vendor
Management and how model risk
affects your institution from a
simple Excel spreadsheet to the
more complex reports produced by
your core system.
Key Learning
Objectives
- Increase overall
knowledge of Vendor
Management and what it means
to have a Vendor Management
Program
- Understand how Vendor
Management is part of your
ERM Program
- How to complete the
Model Risk Assessment which
is part of the ERM Risk
Assessment
- Benefits of having a
Vendor Management Program
established
- Benefits of having a
Model Risk Management
Program in place
Topics Will Include:
- How Vendor Management Program fits in within
Enterprise Risk Management
- Vendor Management Program Components
- Vendor Management Policy and Procedures
- Vendor Due Diligence
- Example of Vendor Risk Assessment
- Monitoring and Reporting Assessment Results
- Definition of Model Risk and how it applies
to your Institution
- The OCC SR Letter 11-7 – A Step by step
explanation
- Examples of Model Risk – How it affects your
institution
- Example of Model Risk Assessment
- How to establish your own Model Risk
Management Program
Who Should Attend?
Chief Risk Officers, Risk Managers/Leaders, Chief
Credit Officers, Chief Financial Officers, Compliance
Officers, Internal Auditors, and Presidents involved in the
risk management process and their ERM program will benefit
from attending this webinar. Instructor
Marci Malzahn is the president and founder of
Malzahn Strategic, a community bank consultancy focused on strategic
planning, enterprise risk management, and talent management. Marci has
23 years of banking experience, the last ten as the EVP/CFO/COO of a
community bank she helped start where she oversaw all the bank
operations areas, including finance, IT, compliance, internal audit,
deposit/loan operations, office management, risk management, and HR.
In her last year as EVP/COO/CRO, Marci created and focused on the
bank’s risk management program. She was also the corporate secretary
of both the holding company and the bank.
Before starting the bank in 2005, Marci took a detour from banking
for five years and worked for a $34 million revenue non-profit
organization where she led IT, HR and Finance. Marci’s extensive
experience in banking infrastructure and her passion to help other
banks succeed led her to found Malzahn Strategic in 2014.
Marci is the recipient of a number of professional awards, is a
published author of three books, and an international bilingual public
speaker, speaking frequently at banking conferences and associations.
Marci holds a B.A. in business management from Bethel University and
is a graduate of the Graduate School of Banking in Madison, Wisconsin.
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