Webinar: Vendor Due Diligence & Effective Vendor Management
April 2, 2026 11:00 am - 12:30 pm
Guard your vendors like you guard your vault, because every third-party relationship holds the power to protect or jeopardize your institution.
Join veteran financial services attorney David Reed to explore regulatory expectations, practical risk assessment techniques, and real-world oversight practices. Analyze the full vendor lifecycle, from due diligence and contract structure to performance monitoring and remediation, and leave with actionable steps for protecting your institution’s data, reputation, and regulatory standing.
KEY WEBINAR TAKEAWAYS
- An effective vendor management process
- Reducing the compliance risk associated with critical vendors
- Common vendor management landmines
- Understanding your default options
- Effective staff oversight, escalation, and quality control processes
- Five things your vendor does NOT want you to know
BONUS MATERIALS
- Vendor risk classification matrix
- Due diligence checklist for onboarding and periodic vendor reviews
- Contract red flag guide covering audit rights, data security, business continuity, termination, and subcontracting
- Ongoing monitoring and performance review template
- Regulatory guidance
WEBINAR DETAILS
Every time your institution engages a critical vendor, you are effectively handing over the keys to your kingdom, your data, your operations, your reputation, and often your regulatory standing. What could possibly go wrong? Unfortunately, the answer is just about everything.
Vendor management remains one of the most scrutinized operational risk areas for financial institutions. You increasingly rely on third parties for core processing, digital banking, cybersecurity, collections, compliance support, and accountholder services. At the same time, virtual operations, cloud platforms, fintech partnerships, and remote service models have dramatically expanded both the number of vendors and the risk exposure tied to each relationship.
From selecting the best available vendor to identifying and correcting performance issues, this presentation will examine the practical and regulatory requirements for managing third party relationships and the operational details of creating and maintaining an effective vendor management program.
WHO SHOULD ATTEND?
- Executives
- Compliance staff
- Financial staff
- Accounting staff
- Internal audit
- Department managers
- Anyone involved with your vendor management process
TAKE-AWAY TOOLKIT
- 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.