Vendor Due Diligence

An introduction to developing a robust credit union vendor due diligence program.

Recorded Tuesday,
June 15th, 2021
Presented by Jamin Carlisle
1h 30m total length
2 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Management/Employee Development
  • Risk Management/Legal
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • Risk Manager
  • Senior Management

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This webinar will address the different dimensions of a credit union's vendor due diligence program. We will examine how to risk rate individual vendors, including what to look for when evaluating new vendors. Additionally, we will discuss which documents and information points should be obtained on existing vendors and well as how to better understand each of those documents.

What You'll Learn

  • Evaluating vendor risk;
  • Centralizing the credit union's vendor management program;
  • Creating the "bones" of a robust vendor management program; 
  • SOC reports;
  • Vendor contracts;
  • Different areas of risk to consider;
  • Tips and shortcuts for a more efficient program;
  • NCUA guidance and regulatory requirements.

Learn caption

This webinar is meant for anyone working directly with their credit union's vendor due diligence program. The webinar does not require pre-existing knowledge of vendor management, but will also include information to enhance the knowledge of more seasoned staff.

Jamin Carlisle

Instructor Bio

Jamin Carlisle has 15 years of experience in banking and credit union compliance as well as the Credit Union Compliance Expert (CUCE) and BSA Compliance Specialist (BSACS) certifications. His primary areas of expertise include BSA/AML, vendor management, disaster recovery, and staff training. In addition to in-house credit union compliance experience, he has served on planning committees for fraud awareness and elder abuse conferences and given presentations to local community colleges, high schools, and community groups. Jamin has developed and provided compliance and BSA training for groups as large as 350 people.

Prior to beginning his career in compliance, Jamin completed his BA and MA at The University of Tennessee Knoxville and worked as a graduate lecturer.

Continuing Education Credit Information

Recommended for 2 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.