Vendor Selection, Performance and Value

Other Vendor Management courses through Compliance Education Institute

Web-based ... On demand

Have you selected the right service provider for the job? Are they adding value to the relationship? Are they performing as expected and living up to contractual commitments? Are they on target to meet your strategic objectives? and what are the early warning signs that indicate trouble in paradise?

This course covers the second and fourth stages of the 3rd Party Risk Management Lifecycle: Selection, and Monitoring and Review.

Time Required: 80 minutes

Cost: $299

You Will Receive: Vendor Value Scorecard

WHO SHOULD TAKE THIS COURSE

This course is a MUST for senior executives, those who manage 3rd party relationships, 3rd party program managers, risk officers, procurement staff, governance analysts, auditors.

AREAS OF STUDY

Selection: the course begins by guiding you through a formal RFP process so you can be sure the service provider you select meets stakeholder needs and helps you achieve your strategic objectives. The course transitions into Due Diligence and discusses Best Practice for determining the adequacy of the service provider’s controls and condition prior to signing a contract so you know that all foreseeable risks have been mitigated.
Monitoring and Review: Due Diligence is an activity that only assures us that the service provider can support us operationally and is financially sound. Once that contract is signed, the service provider must meet it on contractual commitments and perform as expected. In addition, how can you quantify the intangible and determine whether your service provider is adding value to the relationship? This section of the course focuses on:

Key Performance Indicators
Key Risk Indicators
Vendor Value

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.

Questions: NYBA Professional Development at [email protected].