Description
Join Doeren Mayhew’s Joe Zito and Lindsey Becker for a informative discussion on managing third-party vendor risk within the Credit Union environment. As Credit Unions continue to rely on external service providers for critical operations, technology, and member-facing services, an effective vendor management program is essential to protecting member information, managing risk, and maintaining appropriate oversight.
This webinar will walk through the vendor management lifecycle, including vendor selection, due diligence, contract negotiation and legal review, risk rating, required documentation, assignment of risk owners, ongoing monitoring, and vendor system access. The session will also address key third-party risks, vendor control considerations, protecting member confidential information, and the Supervisory Committee’s role in providing effective oversight of the vendor management process.