This message is sent to you by Bank Newswatch

Vendor Management:
How Model Risk Fits In


August 25, 2020

1:30 PM Central Time : Sponsored by Bank Webinars

Click Here to register for live programs $265

Click Here to register and receive recording $395*

With financial institutions increasingly relying on third-party providers to offer 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 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.

Covered Topics

  • 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, IT personnel, Presidents involved in the risk management process and their ERM program.

Faculty

Marci Malzahn

Marcia (Marci) Malzahn is the president and founder of Malzahn Strategic, a financial institution consultancy focused on strategic planning, enterprise risk management, treasury 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, cash management, risk management, and HR. In her last year as EVP/COO/CRO, Marci created and focused on the bank's risk management program.

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 financial institutions succeed led her to establish Malzahn Strategic in 2014.

Marci is the recipient of a number of professional awards, is a published author of four books and an international bilingual professional speaker, speaking frequently at banking conferences and associations as well as webinars. Marci is a certified life coach and holds a B.A. in business management from Bethel University and is a graduate and faculty of the Graduate School of Banking in Madison, Wisconsin.

* Registration Plus Recording: Includes the live session (one connection, unlimited attendees), CD ROM, (shipped 7-10 business days after live session), unlimited access to OnDemand Playback and links to presenter materials and supplementary handouts for 6 months after live session.