Vendor Management Program Policy
The Vendor Management Program Policy Template is to ensure the risk management processes of a bank, credit union, or other type of financial institution are commensurate with the level of risk and complexity of its third-party relationships, as well as the entity’s organizational structures. See more information about this product below.
Vendor Management Program Policy
The Vendor Management Program Policy Template is to ensure the risk management processes of a bank, credit union, or other type of financial institution are commensurate with the level of risk and complexity of its third-party relationships, as well as the entity’s organizational structures.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Risk Management – Topic 3
- Organization, Responsibilities and Administration – Topic 4
- Planning and Risk Assessment Process – Topic 5
- Service Provider Due Diligence Standards – Topic 6
- Contract Standards – Topic 7
- Ongoing Monitoring Standards – Topic 8
- Business Continuity Standards – Topic 9
- Termination – Topic 10
- Vendor Relationships with Insiders – Topic 11
- Third-Party Payment Processors – Topic 12
- Foreign Service Providers – Topic 13
- Managed Security Service Providers – Topic 14
- Independent Consultants – Topic 15
- Marketplace Lending Providers – Topic 16
- Bank Service Company Act Policy – Topic 17
- Audit Policy – Topic 18
- Staff Training – Topic 19
- Retention of Documentation – Topic 20
Recent updates to this product:
FDIC FIL-19-2019 – Technology Service Provider Contracts
Use of SSAE 18 Reports
The Vendor Management Program Policy Template (approximately 81 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $325.00.
Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.
When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.
BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.
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