Unanswered Questions

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    Exit Plans

    This message was posted by a user wishing to remain anonymous Does anyone have an exit plan template they can share? We're developing exit plans for our most critical vendors and want to first draft a template we can use to ensure we have standard components ... More

  • Posted in: Contract Management

    Our company is looking at various platforms for our contract management program. We currently have no central repository for our vendor contracts due to lack of a procurement team, and all contracts are handled by department directors. I'm wondering ... More

  • Posted in: Contract Management

    Hi everyone, I am looking to see what others use for contract workflows. Currently our workflow is pretty manual and we are looking to reduce the use of email for internal business owners submitting contracts to our Legal Department. We love that we ... More

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    VM with NRIM

    Hello Douglas Frey, I am interested in attending. Thanks! More

  • Hi Everyone, I work for Delaware North in Buffalo, NY, and we are a private hospitality and food service company focused on airports, parks, sporting events, restaurants, and gaming. I have 23 years of experience in banking and risk, but I'm now developing ... More

  • Posted in: Contract Management

    Is there anyone in the Scottsdale, AZ or Indianapolis, IN areas that could recommend their cleaning and shred vendors? More

  • Hi everyone, Hope all well! I remember there was a discussion happened sometime bk for creating a group of Third party risk management professionals from Non Banking sector.If the group is made please can someone add me in it.Thanks! Regards, Paya ... More

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    Request For Proposal Template

    This message was posted by a user wishing to remain anonymous Do any of you have a generic template for requesting RFP's? More

  • Posted in: Regulations

    Hi All I would like to understand how the below policy can be implemented for Third parties, what is the current practise. https://www.legislation.gov.uk/ukdsi/2015/9780111138847#:~:text=Section%2054%20of%20the%20Modern,by%20the%20Secretary%20of%20State ... More

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    Reg E: Requiring Autopay on Debt Settlements

    Posted in: Regulations

    This message was posted by a user wishing to remain anonymous I wanted to gather some thoughts from this community regarding Regulation E and recurring autopay. Abundantly aware a bank cannot require borrowers to set up recurring autopay on a loan. ... More

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    RPF

    Posted in: Contract Management

    Good Evening! Does anyone have any examples of RPFs you have in place and use? Thanks! More

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    New Low Risk Vendor Sample Questionnaire

    This message was posted by a user wishing to remain anonymous I am wondering if any one has a sample of a good questionnaire to create for when we are onboarding a new Low Risk vendor in venminder? Any information that you can shared will be greatly ... More

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  • This message was posted by a user wishing to remain anonymous We have a customer that contracted with a third party to obtain security risk assessments from all the customer's technology vendors. We are one of their technology vendors so we just received ... More

    1 person likes this.
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    Wire confirmation/call back systems

    Posted in: Contract Management

    This message was posted by a user wishing to remain anonymous I work in a consulting type role and support various Private Equity firms with best practices around vendor management (and other operational topics). One of these firms has about 8,000 vendors ... More

  • It seems that the majority of people that are active on this forum work at banks. Working at a FinTech company that supports banks by providing a Mobile Banking Platform, our regulations and requirements (and possibly best practices) are different. ... More

  • Good morning. A public comment period is open for proposed SEC rules to enhance cybersecurity programs. It appears SEC follows path of NY DFS risk-based Cybersecurity requirements, but this time for investment firms, advisors and business development ... More

  • This question was also posted in 2020 but I am hoping for some additional input We are trying to determine the best way to find negative news stories, pending lawsuits, etc. on our Critical/High vendors. I would love to hear: (1) what you are using ... More

    1 person likes this.
  • This subset of third party relationships came to my attention and I'm still preforming discovery on the details. If your institution is involved in this sort of activity with SBA deals, I'd be interested in your approach regarding SBA-CDCs. Inventoried ... More