During this moderated expert panel, panelists will discuss their current practices in vendor and Fourth Party Management and explore the emergence of third party risk management. We will address the current state of their programs; talk about how they are meeting management and regulatory requirement; and highlight the impact on their organization as they expand and evolve their programs. We will debate whether risk management is solely a regulatory play or if there is hidden benefit and business value in consistently managing your critical vendors. As an added bonus, you will get a bird’s eye view of each panelists’ program.

Topics in this session included:

• The drivers for the explosive growth in Vendor Management
• The definitions of Third and Fourth Party relationships and what is being done to address them
• How to get buy-in from executive management and key stakeholders
• How to determine what’s next and what the end game might be

Contributors: Hiperos, Huntington National Bank, Microsoft, One West Bank, ONTALA
Categories: 2014 Fall - Denver, Summit Presentations
SRC Type: Risk Management, Sourcing Management, Third Party Management