Vendor Management Program - Risk Assessment, Effective Controls, Best Practices to Minimize 3PV Risk 2017

Topics

• Vendor Risk Assessment - Importance of interjecting vendor risk assessment into your ERM and fraud risk assessment process to identify vulnerabilities created by third party vendors as it relates to these risks: strategic, operational, compliance, financial, fraud and reputational
• Vendor Culture - Setting the right tone and commitment to integrity and ethical values in every step of vendor engagement
• Monitoring Vendor Programs - Detecting issues early on is a key to minimizing losses and reputational damage, including establishing controls to monitor red flags of vendor-related fraud schemes
• Ensuring Effective Controls Around Vendor Management: Such as 1) vendor due diligence programs and 2) strong contracts to prevent problems
• Vendor Communication - Sharing information related to vendor feedback with internal audit, external auditors, procurement and all finance groups

Who should Attend

Attendees from:

• Chief Risk Officer
• CEO, CFO
• Chief Security Officer
• Chief Compliance Officer
• Compliance Professionals
• Legal/Regulatory Counsel
• Accounting and Finance Professionals
• Controllers
• Chief Procurement Officer
• Audit and Finance Committee Members
• Internal Audit Manager/Director
• Purchasing Department
• Employees who hire and pay vendors