Vendor Due Diligence

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

Recorded Wednesday,
June 8th, 2022
Presented by Kristen Tatlock
1h 30m total length
$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.

Who Should Attend

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.

Kristen Tatlock

Instructor Bio

Kristen Tatlock is a nationally-known speaker and compliance consultant with over 30 years of experience in the credit union compliance arena. Kristen assists credit unions with issues ranging from advertising rules to bylaws, from Social Media compliance matters to Regulation Z, and just about every regulation and compliance concern in between.

Kristen has earned Compliance and Bank Secrecy Act certifications from the two national credit union trade associations. She regularly presents compliance training programs for CUNA, NAFCU, and many state Leagues around the country. She has also edited and revised numerous compliance training courses and modules for CUNA CPD and has authored several articles for various CUNA publications.