Outsource Planning and Exit Strategy
Other Vendor Management courses through Compliance Education Institute
Web-based ... On demand
As the outsourcing of critical functions and services continues to increase, as technology becomes more complex, and as vendor interdependencies continue to expand to 4th and 5th parties, additional emphasis must be placed on formal, comprehensive Outsource Planning
and developing a well thought out Exit Strategy
before any 3rd parties are even considered.
This course dives into the first and last stages of the 3rd Party Risk Management Lifecycle, Outsource Planning and Exit/Transition, focusing on how a well-planned outsource and exit accomplishes the following five key objectives:
- Identifies and mitigates risk
- Aligns the institution’s strategic objectives with outsourced activities
- Monitors the progress towards achieving strategic objectives
- Maintains control of budget
- Minimizes the impact of disruptions and change
The course begins with a review of the latest regulatory guidance concerning Outsource Planning and Exiting a 3rd party relationship. It then provides a detailed study of the 12 key components of outsource planning followed by an in-depth discussion of the issues which must be considered when Exiting
from one 3rd party to another or even bringing the service back in-house.
You Will Receive:
- Comprehensive Exit Strategy Document
- Outsource Planning Checklist
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WHO SHOULD TAKE THIS COURSE
This course is a MUST for senior executives, 3rd party risk management staff, procurement staff, IT officers, auditors, examiners, risk officers, compliance officers and any staff involved in planning a significant outsource.
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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NYBA Professional Development at (212) 297-1679