Are your vendors in compliance with the new regulations? If not, their issues become your issues and that could halt the growth of your business today.Get the whole story in our
LEVERAGE OUR DEEP COMPLIANCE EXPERIENCE TO DEVELOP A ROBUST VENDOR MANAGEMENT PROGRAM.
Regulated entities must have a compliance management system. With regard to your vendor management program, this is about more than just being organized.
Are your policies and procedures consistent internally? Are they in compliance with regulations? How about your vendors’ policies and procedures? If it applies to you, it applies to your vendors.
Our experienced staff will help you maximize your Vendor Risk platform’s capabilities. We will develop customized due diligence and risk review processes to ensure you are working with solid and reputable companies.
In addition to building out your custom program, we can travel to your vendor facilities to perform on-site assessments. You will be able to assure regulators things are what they seem, and that supporting vendor documentation has been verified first hand. We will help you confirm they are in compliance with your policies and contract, and that they are able to comply with consumer related regulations.
Our people have years of dedicated focus on compliance and vendor management. Leverage our experience both internally and externally for a comprehensive vendor management solution.
"We have concerns regarding the quality of risk management on the growing volume, diversity and complexity of banks' third-party relationships, both foreign and domestic,"
- Comptroller of the Currency, Thomas Curry