Protecting Your Credit Union With Vendor Risk Assessments

Vendor risk assessments are important for credit unions as they offer detailed information about how vendors handle risk. These assessments are necessary before signing a contract and throughout the relationship. However, what is the process of a vendor risk assessment, what does it involve, how is it different from an inherent risk assessment, and how does it fit into the due diligence process? 

In this on-demand webinar, we'll cover the basics of vendor risk assessments. We'll discuss what you need to know and do to ensure that your assessments are effective, timely, and meet regulatory requirements. 

Watch now to learn:

• Risk assessments and the role they play in your third-party risk management program 
• The elements of a vendor risk assessment and its role in due diligence 
• Understanding residual vendor risk 
• Risk handling techniques 
• Implementing regular risk assessments as part of ongoing monitoring 
• Key takeaways