Certified Regulatory Vendor Program Manager Level I

Other Vendor Management courses through Compliance Education Institute

Web-based ... Self-paced ... On demand

Vendor Management has been under the regulatory magnifying glass for several years and is only growing in importance with the advent of increased outsourcing, cloud computing, high profile breaches and additional guidance being issued from all agencies.

These factors have created a growing demand for professionals with GLBA 501(b) and FFIEC Guidance regulatory knowledge and specialized expertise in building and managing compliant vendor management programs. In addition, there are numerous regulations to be aware of and comply with including those that your vendor is subject to even though they might not apply to your institution.

ABOUT

The goal of the Certified Regulatory Vendor Program Manager (CRVPM) Level I course is to provide the student with the regulatory and compliance knowledge, program implementation methodology, risk mitigation strategies and best practices required to build and manage a compliant program and prepare for exams and audits.

I thought the course was very beneficial. I think it’s not only useful for groups building a Vendor Risk Management Program, but also would be great for the individuals responsible for completing the program objectives. This is also a fantastic refresher course for those who have been in this a long time. It helps you see the whole picture again. – Third Party Risk Management Specialist


Time Required: 6 hours

CPE Eligible: 7.25 credits CRCM

Cost: $499 per enrollment, $799 for levels  I and II CRVPM

Certification Requirement: 70% passing grade on each quiz; 80% passing grade on final exam

Recertification: Annual requirement – $199; includes course, which changes annually, and exam

Upon Course Completion: 

  • Hardcopy certificate
  • CRVPM Credential Registration Number
  • CRVPM Reference Guide which is updated throughout the year as new rules, regs and guidance are issued and as new exam trends emerge and best practices are identified. See a sample of the manual.
  • Additional documents and tools to support your vendor management program.
  • One year free telephone/email consulting support for vendor management issues/questions and GLBA 501(b) issues.

A Regulatory Vendor Program Manager certification achieves the following:

  • Become recognized as an expert in your field
  • Increases your value to the institution
  • Shows examiners and auditors the institution’s commitment to regulatory compliance
  • Demonstrates that you have attained an advanced level of regulatory knowledge

A must for anyone involved in vendor management!  – Amy Moran, Vendor Management Specialist, Five Star Bank

This course has helped me enhance our existing vendor management program! – Corporate Risk Business Continuity & Vendor Management Specialist, Canandaigua National Bank & Trust Company

This course provided many great takeaways…as well as provided confirmation that we are definitely on the right track! – Dana Bliss, Vendor Management Specialist, Chemical Bank, MI


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WHO SHOULD TAKE THIS COURSE

Compliance Officers, Risk Officers, Auditors, CIOs, CFOs, vendor management specialists, Operations Officers, Info Security Officers, IT Officers, Examiners and anyone tasked with building and managing a vendor management program.

COURSE CONTENT

There are seven areas of study, each followed by a quiz and then a 50 question final exam. 

  • Chapter 1 – History: The Great Depression of 1929 led to a number of regulatory acts intended to protect bank customers. This chapter covers the historical events and subsequent regulations from the Glass-Steagall Act to the Gramm-Leach-Bliley Act, providing the student with the knowledge of the driving issues behind the regulations.
  • Chapter 2 – Regulations: The regulatory burden is overwhelming and only growing in scope. Very often regulations from multiple agencies often overlap. This chapter helps you sort through the proliferation of regulations, bulletins and Guidance that financial institutions must be aware of and comply with and ensure that their vendors comply with.
  • Chapter 3 – Benefits: Compliance is most often seen as a cost center with the perception that the benefit of being compliant is “not being fined”. This chapter presents examples of the many benefits of a compliant vendor management program and the methodology to determine the many hard dollar and soft dollar savings that can be realized. Leveraging this knowledge, a business case can be built for compliance/vendor management program funding or enhancement and gaining Executive Sponsorship within the institution.
  • Chapter 4 – Components: A filing cabinet full of folders is not a vendor management program! A compliant program is a series of inter-related steps to be carried out inclusive of policy, procedure and process in order to achieve a goal or set of goals. This chapter dives into the details of the 9 key components of a compliant vendor management program that every institution must address.
  • Chapter 5 – Implementation: Once the regulations, benefits and components are understood, this chapter instructs how to put it all together and begin implementing or enhancing your program to bring it into compliance with regulatory requirements.
  • Chapter 6 – Exam and Audit Preparation: The increased regulatory focus on vendor management programs and the high profile security breaches in recent years have given regulators cause for concern over whether financial institutions are complying with regulatory requirements to ensure that their vendors’ physical, technical and administrative controls are being properly evaluated. This chapter provides the insight gained through interviewing financial institutions across the country to provide the details needed to properly prepare for your next regulatory exam or audit.
  • Chapter 7 – Best Practices: While Best Practices are not always practical for all institutions, this chapter presents a wide variety of Best Practices that have proved valuable to successful vendor management program implementations at institutions across the country.

CREDIT

The Institute of Certified Bankers (ICB), a subsidiary of the American Bankers Association, is dedicated to promoting the highest standards of performance and ethics within the financial services industry.  Certified Regulatory Vendor Program Manager (CRVPM) has been approved for  7.25 CRCM credits. This statement should not be viewed as an endorsement of this program or its sponsor.

ABOUT

R.I.S.C. Associates/Compliance Education Institute (CEI) – CEI is the education division of RISC Associates, a leading regulatory compliance consultancy with deep expertise in GLBA 501(b). Leveraging its more than 30 years of banking, compliance and information security expertise and field experience, RISC has put together a series of educational courses offered through its CEI division to help bankers better prepare for the compliance issues that they deal with on a daily basis.

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The CRVPM course has been taken by 7 of the top 10 banks in the U.S. and 23 of the top 50 banks in the world! The course has also been taken by retailers with credit card operations, insurance companies, securities/brokerage firms, mortgage brokers, consulting and audit firms, and vendor management services and software providers.

Questions:
NYBA Professional Development at (212) 297-1679 or education@nyba.com.