Sharpening Your Vendor Management Tools
Dan Hadaway is presenting a workshop titled “Sharpening Your Vendor Management Tools” through the Indiana Bankers Association. This workshop is scheduled for May 4th.
Because financial institutions rely heavily on vendors to perform tasks involving confidential information, the FFIEC makes us responsible for governing the vendor process. An effective vendor management program will identify, measure, monitor, control, and escalate the risks associated with vendor relationships. Meanwhile, the tools we use to measure vendor risk are improving. The SAS70 is being replaced with the SSAE16. Service Organizations Control (SOC) reports are internal control reports on the services provided by a service organization. SOC reports provide valuable information users need to assess and address the risks associated with an outsourced service. In addition, examiners are clarifying what is meant by a Critical Vendor, and the tools we use to manage the vendor due diligence process have improved.
- Risk Management Basics
- Vendor Risks
- Governing Threshold
- Policy and Procedure
- Enlisting Vendor Owner Support
- The SSAE16 Review Process
- The Due Diligence Process [New Vendors and Annual Review]
- Streamlining the Process
- Board-level Vendor Management Policy
- Vendor Management Procedure
- Vendor Contract and Non-Disclosure Agreement
- SSAE-16 Review Checklist
- Vendor Due Diligence Checklist
- Access to our Workshop Portal and Appropriate Boilerplates
Who Should Attend
This workshop is directed to the person(s) responsible for Vendor Due Diligence at the bank. Even if you already have a good Vendor Management Program, you may want to attend this workshop to learn about the SSAE-16 as well as to sharpen your tools.
About Your Presenters
Dan Hadaway founded Infotex in 2000 to help banks comply with the then-new Gramm Leach Bliley Act. Since then he has grown the firm to be a leading Managed Security Service Provider (MSSP) that also provides IT Audit services as well as IT Governance consulting. As one of the first to hold a CRISC designation, Dan helped write the review manual for the Certified in Risk & Information Systems Control certification (CRISC), which recognizes professionals for their knowledge of enterprise risk and their ability to design, implement, monitor and maintain information system controls to mitigate such risk.
Dan speaks regularly at conferences & conventions, and facilitates an annual IT Security Conference for banks. His often humorous writings have been published in several publications including Hoosier Banker.
- IBA Members
- $225 First Person
- $155 Additional Members from Same Institution
As of Jan. 1, 1994, only 50 percent of business food and beverage can be deducted. For tax purposes the cost of food and beverage for this program is $25.
8:30 a.m. Registration
9:00 a.m. Program begins
12:00 noon Lunch (included)
1:00 p.m. Program resumes
4:00 p.m. Program adjourns
IBA Center for Professional Development
6925 Parkdale Place
Indianapolis, IN 46254
The IBA Center for Professional Development is located on the westside of Indianapolis just off of I-465. From I-465 take the 38th Street West Exit (Exit 17). When you exit go west on 38th street. Turn north/right onto Eagle Creek Parkway and then east/right onto Parkdale Place. Our address is 6925 Parkdale Place, Indianapolis, IN 46254. Click here for a map and a list of local hotels. Dress is business casual.
Everyone who registers online will receive an e-mail confirmation after the registration is submitted. Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations or absences which occur on the day of the program. Substitutions are welcome at any time.
Here is the registration form (PDF version) provided by the Indiana Bankers Association: Sharpening Your Vendor Management Tools