Third Party Risk Management in Financial Services

Management of the risks involved in working with suppliers, vendors and outsourcing partners is something which has become increasingly prominent on the risk agendas of financial institutions worldwide over the past couple of years. Now with regulators like the OCC and MAS issuing legislation on the topic and many others expected to follow shortly, firms are keen to put effective risk management programs in place to ensure they can cope with regulatory guidelines as well as avoid the severe reputational and financial consequences of a supplier failure incident. But with a lack of industry standards for financial services firms, there is an urgent need to establish best practice and ensure that your institution’s risk management procedures are up to scratch.

 

This marcus evans conference is the only event for the financial services industry dealing with the increasingly complex topic of third party risk management. Practical demonstrations of workable models and solutions will ensure all participants return to their institution with a wealth of new ideas for making their risk management more robust. New solutions for organising third party risk management, managing critical risk types such as data and information risk and fourth party risk, and preparing for and dealing with supplier incidents will ensure that your financial institution is at the forefront of excellent vendor risk management.