Vendor Risk Management – 3rd Party


Michael Masterson
Vice President
Vendor Risk Administration
UNION BANK
San Francisco, California



As organizations become more reliant on external vendor relationships to provide products and services in order to remain competitive and drive down costs, this shift in structure creates additional risk exposures. In addition to a general discussion of the importance and basic requirements of any vendor risk management program, this session will look at some of the tools and resources available. From a practitioner’s perspective, Michael will share and attendees will learn the challenges financial institutions experience in moving from decentralized to centralized vendor risk management programs and how to overcome them.

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