Thought Leadership Webinar: This session will provide an overview of the key components of a comprehensive third party risk management program and the vital role senior management and the board must play.  You’ll learn what board members need to understand about third party risk and what should be expected regarding regular reporting and direct oversight.

Best practices dictate that the board must remain vigilant about hazards posed by outsourcing functions to third parties – or risk significant financial and reputational harm to their company.  This session will provide an overview of the key components of a comprehensive third party risk management program and the vital role senior management and the board must play.  You’ll learn what board members need to understand about third party risk and what should be expected regarding regular reporting and direct oversight.  From risk assessments, to due diligence, to contract management, this webinar will address emerging trends in third-party risk and how they relate to the fundamentals.  In addition, you will learn about regulatory guidance, recent enforcement actions, and new areas of focus that can be third party related – particularly UDAAP and cybersecurity.

Key Takeaways:

• What board members need to understand about third-party risk
• Key components of a comprehensive vendor management program
• Regulatory guidance and recent enforcement actions
• Board’s role in ensuring compliance
• New areas of focus that can be third-party related – particularly UDAAP and cybersecurity
• Why this topic should remain top-of-mind at every board meeting
  
  

About Our Experts
		Branan Cooper is the Chief Risk Officer at Venminder. Branan has more than 25 years of experience in the financial services industry with a focus on the management of internal processes and controls—most notably in the area of third party risk and operational compliance. Branan leads the Venminder delivery team as the third party risk management subject matter expert in residence. Branan joined Venminder from the Bancorp Bank where he held the position of Senior Vice President and Director of Third Party Risk Management. He was instrumental in creating their Third Party Risk Management Program and implementing numerous enterprise-wide initiatives. Branan has held similar positions with PartnersFirst, the credit card division of Western Alliance Bancorp, and at MBNA America, as an Executive Vice President working as part of the risk management / compliance integration team as the company was acquired by Bank of America. Branan also serves as an industry thought leader. He's a member of Infragard and the Professional Risk Managers' International Association (PRMIA). He was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN). Branan received his undergraduate degree from Duke University, and he completed the Graduate School of Retail Bank Management (CBA) and the Graduate School of Compliance Management (ABA).

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

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