Vendor Management - How Model Risk Fits In

GJ Luchs
Sep 22, 2020 - 01:00 PM
Starting at

$249


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Description:

With financial institutions increasingly relying on third-party providers to offer their products and services comes increased risk. Starting with the core system, should you outsource it or keep it in-house? And following with the rest of all the banking products you offer to your business clients that depend on technology, how in depth should your due diligence be? In this educational session, the presenter provides best practices based on the FFIEC IT Examination Handbook to help you develop a simple yet comprehensive Vendor Management Program.

In addition, along with Vendor Management, which includes all the third-party providers of systems and software, comes yet another risk—Model Risk. The presenter will explain step by step the OCC SR Letter 11-7 following their guidance on Model Risk Management. You will walk away with a clearer understanding of where Vendor Management and Model Risk Management fit it within your ERM program.

Areas covered

  • How Vendor Management Program fits in within Enterprise Risk Management
  • Vendor Management Program Components
  • Vendor Management Policy and Procedures
  • Vendor Due Diligence
  • Example of Vendor Risk Assessment
  • Monitoring and Reporting Assessment Results
  • Definition of Model Risk and how it applies to your Institution
  • The OCC SR Letter 11-7 – A Step by step explanation
  • Examples of Model Risk – How it affects your institution
  • Example of Model Risk Assessment
  • How to establish your own Model Risk Management Program

 

Who Should Attend?

Chief Risk Officers, Risk Managers/Leaders, Chief Credit Officers, Chief Financial Officers, Compliance Officers, Internal Auditors, IT personnel, Presidents involved in the risk management process and their ERM program.

 

· Bank Secrecy Act Officer/BSA Specialist

· Branch Manager

· Compliance Officer

· Internal Auditor

· IT Professional

· Security Officer

· Risk Manager

Webinar Events
Attend Live Webinar
Sep 22, 2020 - 01:00 PM

Duration: 90 Minutes

Single Attendee


Group of 3 to 5 +1 Thumb Drive or 5 online Recorded version


Group of 6 to 10 +1 Thumb Drive or 10 online Recorded version


Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment


Recorded video

Recorded video session



Speaker: GJ Luchs, BSA/Compliance Auditor and Consultant

GJ Luchs, PhD (ABD), CAMS, CRMS  is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

GJ Luchs has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with Fiserv, BAM, CRA Wiz, Teammate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.


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