RC_RC_GO_405.1 Managing Vendors for Compliance Professionals
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
Financial companies like mortgage bankers often rely on third party vendors in the normal course of doing business. When utilized thoughtfully, vendors can provide great benefits for the company. For example, vendors can help a company realize operational or financial efficiencies, focus finite internal resources on core functions, bring in specialized expertise at a low cost, and increase availability or accelerate delivery of products or services. Along with these benefits, however, vendor relationships also introduce additional layers of risk and complexity to a company's operations.
The Managing Vendors for Compliance Professionals course provides an overview of the current regulatory environment surrounding vendor management, including summaries of guidance from the Consumer Financial Protection Bureau (CFPB), Office of the Comptroller of the Currency (OCC), and Federal Reserve Board (FRB). The course then presents key components of a vendor management policy and concludes by discussing important areas of CFPB and state-level regulatory focus.
- Vendor Management Guidance
- Vendor Management Policy
- Areas of Regulatory Focus in Vendor Management
Seat time approximately one (1) hour.