Credit Union tech-talk Webinars

3rd Party Relationships & Vendor Due Diligence
 

Inadequate risk assessment, financial analysis, due diligence, contract content, and on-going performance management expose the credit union to a variety of risks, including strategic, reputation, compliance, transaction and credit. Credit union boards and management MUST not only fully understand these risks, but also have a comprehensive process to initiate, evaluate, assess and monitor third party agreements before entering into these relationships.

Participants in this program will gain:

• Skills to identify risks associated with third-party provider relationships — ignore these at your own peril.
• Proven techniques to protect you and your credit union when entering into third party contracts.
• Seven factors to consider when analyzing third party risk.
• A nine point checklist that you should always use to verify a contract from a third party vendor.
• Six tips to improve your standards and measurement techniques.
• A six step ACTION plan for turning due-diligence concerns into stress-free results.
• Two guaranteed ways to make the vendor’s promises become part of the contract — they will not be able to tell you “we didn’t say that.”
• A comprehensive framework that credit unions can apply to the complete and on-going management of third party relationships to meet regulatory expectations and credit union strategic objectives.
• Participants will leave with an easy-to-use third party risk management road map to implement effective third party relationships.

Who Should Attend: CEOs, Operations staff, Business development managers and Board members.

Speaker: Rory Rowland is a business consultant and dynamic seminar leader specializing in programs for credit unions on lending, technology, leadership, and communications skills. After serving as president of two credit unions in Missouri, Rory began using his communications skills and specialized background to help financial and business organizations become more effective. He holds an MBA in Finance and BS degree in Economics. 

Date: Thursday May 22nd from 1PM - 2PM Central

Costs: $129