Author: Marcus Evans Events

Third Party And Vendor Risk Management For Financial Institutions

Third Party and Vendor Risk Management (TPRM) is a growing field with an increasing number of challenges to overcome. These challenges are backdropped by the Basel III regulations as well as the EBA Outsourcing guidelines and PRA Outsourcing regulations, due to be implemented in 2019 and 2022. However, the majority of financial institutions are yet to implement these guidelines into their practices, with the new dates of implementation being moved back to March 2023 and Basel III implementation, in some cases being moved back to January 2023 following several major setbacks. Other regulations such as DORA (Digital Operational Resilience Act) seek to regulate the ways in which financial institutions store and use their client’s data. DORA directly relates to one of the primary concerns of TPRM in that it seeks to regulate who financial institutions give their customers data to.
Moreover, ESG issues and the challenges/opportunities they present to firms in terms of building a sustainable supply chain need to be accounted for when building an effective TPRM framework.

The marcus evans Third Party And Vendor Risk Management for Financial Institutions conference taking place on 2-3 February, 2023 in London, UK, will compile the expertise and experience of senior stakeholders within the field of TPRM to allow delegates to gain an understanding of a wide range of solutions to current concerns within TPRM. The meeting features sessions on how to maintain local compliancy across Europe, sustain a continuous assessment programme for vendors, identify unknown concentration risk sources within the supply chain, understand and implement AI and digital software and understand the effects of vendor’s business resiliency on TPRM for financial institutions. These in-depth interactive sessions will be carried out by experts in the field each with a unique perspective on TPRM, backed by years of experience. Firms can expect to take-home both a wider and more in-
depth understanding of how to mitigate the most pressing issues in TPRM.

Attending This Premier marcus evans Conference Will Enable You to:
Examine recent regulations on third parties and analyse their short-term and long- term implications on compliance.
Enhance supply chain mapping methodologies to develop an improved understanding of risk sources in the supply chain.
Explore developing ESG risks and how to mitigate their impacts on the supply chain.
Advance concentration risk identification to uncover unknown/invisible concentration risks.
Boost understanding of cyber security risks to better assess outsourced cyber programme vendors.
Assess and understand vendor resilience to judge the overall impact on operational resiliency.

Best Practices and Case Studies from:
Orlando Fernández Ruiz, Senior Technical Specialist, Operational Resiliency/Third Party Risk Management, Prudential Policy, Bank of England
Funke Uwaifo, Head of Outsourcing and Vendor Management, EFG Private Bank
Will Watkinson, Regional Head of Business Resilience, Europe and Americas, Standard Chartered Bank
Rosalyn Aryee, Head of Outsourcing and TPRM and Operational Resilience, Santander Corporate and Investment Banking
Coen ter Wal, Strategy Advisor Tech Policy, De Nederlandsche Bank
Rabia Tayob, Head of Third Party Governance, Risk and Compliance, Standard Bank Group


For more information and registration discounts please contact: Ms Ria Kiayia, Digital Media
and PR Marketing Executive at riak@global-fmi.com or visit: https://bit.ly/3ht8HEH

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