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Vendor Management Program: How Model Risk Fits In

With financial institutions increasingly relying on third-party providers to offer their products and services, the associated risks also rise. This educational session will guide you through best practices for developing a simple yet comprehensive Vendor Management Program and a Model Risk Management Program.

Upcoming
Thursday, May 15th, 2025
10:00 am - 11:30 am
Presented by Marci Malzahn
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • BSA
  • Compliance
  • Information Technology/Security
  • Risk Management/Legal
  • Technology/Security
  • Compliance Officer
  • Internal Auditor
  • IT Professional
  • Privacy Officer/Information Security Professional
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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This webinar will help you understand the depth of due diligence required, starting with your core system and extending to all technology-dependent banking products. You will gain practical insights into integrating these programs within your ERM framework, ensuring robust risk management.

Additionally, you will gain a deeper knowledge of the OCC SR Letter 11-7, detailing guidance on Model Risk Management. By the end of the session, you will have a clearer understanding of how Vendor Management and Model Risk Management fit within your ERM program.

Key learning objectives include understanding how the Vendor Management Program fits within ERM, its components, policies, and procedures, conducting vendor due diligence, and performing vendor risk assessments. You will also learn about monitoring and reporting assessment results, defining Model Risk, and establishing your own Model Risk Management Program with practical examples.

This session will equip you with the knowledge to manage risks associated with third-party providers and models effectively, ensuring your institution’s resilience and compliance with regulatory standards.

What You'll Learn

  • Integrate Vendor Management within Enterprise Risk Management
  • Understand Vendor Management Program Components
  • Develop Vendor Management Policies and Procedures
  • Conduct Effective Vendor Due Diligence
  • Perform Vendor Risk Assessments with Examples
  • Monitor and Report Assessment Results
  • Define Model Risk and Its Impact on Your Institution
  • Follow OCC SR Letter 11-7 with Step-by-Step Guidance
  • Establish a Model Risk Management Program
  • Identify Examples of Model Risk and Their Effects
  • Example of Model Risk Assessment

Who Should Attend

This session is ideal for vendor management program managers, chief risk officers, risk managers/leaders, chief credit officers, chief financial officers, compliance officers, internal auditors, IT personnel, and presidents involved in the risk management process and their ERM program.

Marci Malzahn

Instructor Bio

Marcia (“Marci”) Malzahn is the founder and inspirational keynote speaker at Crowning Achievements International—inspiring and educating emerging leaders in the financial services industry. She is also the president and founder of Malzahn Strategic providing management consulting services to community financial institutions. Marci has 30 years of banking experience, ten of those years as the EVP/CFO/COO of a community bank she co-founded.

Marci speaks frequently at industry conferences and association events as well as leadership and women’s conferences; is a published author of five books, and the recipient of several professional awards. As a Certified Virtual Presenter, Marci also provides online and onsite training for financial institutions. Marci is a certified life coach and Certified Community Bank Director. She holds a B.A. in Business Management from Bethel University and is a graduate and faculty of the Graduate School of Banking in Madison, Wisconsin.

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