Third and Fourth Party Management

Tuesday, May 17, 2022
2:30 pm – 4:30 pm Eastern

In recent years, financial institutions have seen a significant amount of new guidance on third party risk management and new terms coined such as Fourth Party Management. FFIEC Cybersecurity Assessments Tool (CAT) encourages financial institutions to expand questioning around third party risk management practices and suggests more rigorous oversight. The FFIEC coined the term “External Dependencies” in CAT guidance. This expands requirements beyond vendors to include any third-party relationship, including customers. Regulators also suggest that the FFIEC CAT can be leveraged against Third Parties; not just financial institutions. In addition to the FFIEC, the OCC has issued additional guidance for examiners when reviewing third party management programs.

We will explore best practices for Vendor Management, Third Party Risk Management, Fourth Party Management and Customer Risk Management.

Topics Covered:

• Overview of industry breaches
• New regulatory expectations
• Risk Management practices for selecting new products/services 
• Risk Management of existing relationships
• Third Party and Fourth Party Management concepts
• SOC 2 Reports and how to get value
• Integration of customers into management program
• Lessons learned from failed management programs

Who Should Attend? 

Information Security Officer, IT Manager, Risk Officer, Internal Auditor, CFO, and Executives looking to understand the risk around Third Party Management.

Instructor

Cody Delzer, CISA

Cody Delzer, CISA, is a VP Information Security Consultant for SBS CyberSecurity, LLC of Madison, SD who has a Bachelor of Science Degree in Computer and Network Security from Dakota State University and 9 years? experience in IT and IT Security; 2 years in Systems Operations and 7 years in Information Assurance. Cody has worked with over 200 Financial Institutions and other private industry organizations across the United States.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by OnCourse Learning (Total Training Solutions)

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.