Webinar: Vendor Due Diligence & Effective Vendor Management
August 13, 2024 3:00 pm - 4:30 pm
From selecting the best available vendor to negotiating a fair contract to identifying and correcting performance issues, this presentation will examine the practical and regulatory requirements for managing third-party relationships.
It will also explore the operational details of creating an effective vendor management program. Join former general counsel David Reed as he provides valuable insight into the best practices of vendor management.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Evaluate and update your vendor management process
- Reduce the compliance risk associated with critical vendors
- Maximize vendor contract negotiations
- Understand escape options and hidden costs
- Create solid staff oversight and quality control
WEBINAR DETAILS
Vendor management continues to be a high-priority operational and regulatory issue because every financial institution entrusts some of its most sensitive information, financial resources, and core business processes to third-party vendors. The explosion of virtual operations and remote services has introduced more opportunities, more vendors, and more risks into your processes.
If something goes wrong with a third-party relationship, guess who will get the blame: you! On top of that, consider how much of your budget is paid directly to vendors. Make sure your institution is getting the most from vendors while weathering the increased examination scrutiny.
WHO SHOULD ATTEND?
This interesting webinar will benefit executives, in-house counsel, compliance staff, financial staff, accounting professionals, accounts payable personnel, department managers, and anyone involved with the vendor management process.
TAKE-AWAY TOOLKIT
- Contract review hot spots checklist
- Sample vendor management policy and checklist
- Five Things Your Vendor Does NOT Want You to Know
- Regulatory guidance
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: David A. Reed, Reed & Jolly PLLC.
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.