In today’s financial environment, there are several risks financial services organizations must account for. Doing business with third parties is a necessity for every organization to provide the best possible experience for their customers, but several risk factors must be considered to keep confidential information safe. Without having a comprehensive third-party risk management (TPRM) program in place, organizations can put themselves at risk for data leaks which can cost them and their customers significant money and lead to regulatory actions.

In this webinar, Sara McGinnis, Manager – Regulatory Compliance & Internal Audit at CrossCheck Compliance, will cover how organizations can evaluate third-party organizations to ensure they’re working with reputable organizations that prioritize security and confidentiality.

Key discussion topics will include:

• Understanding the importance of TPRM
• Establishing a TPRM framework (Risk assessment, policy and procedure development, training)
• Identifying and prioritizing vendor risks
• Scaling due diligence to the vendor's role and activities
• Best practices and key mistakes you should avoid
• Emerging trends in TPRM

PRESENTER:

Sara McGinnis, CRCM, CAMS, CAFP
Manager – Regulatory Compliance & Internal Audit
CrossCheck Compliance

Sara is a regulatory compliance and internal audit professional with over 25 years of consulting and financial services industry experience. She has provided regulatory compliance guidance to financial institutions ranging from small community banks to large, complex institutions. The range of her expertise includes having managed control audits in Anti-Money Laundering (AML) and fraud, risk and control assessments, loan compliance audits, and compliance monitoring reviews.

Prior to joining CrossCheck Compliance, she held senior compliance and internal audit positions with United Services Automobile Association (USAA), U.S. Bank, Associated Banc-Corp, Johnson Financial Group (WI) and Wipfli LLP. She is a past instructor at the Wisconsin Bankers Association Real Estate Lending School and a published author on AML audits and flood compliance requirements.