Banks and financial institutions around the world face common challenges; mounting regulatory pressure, increased scrutiny from stakeholders, and an increasingly complex business landscape. To support their business operations and growth, financial institutions work with an increasingly vast and far-reaching network of vendors and third parties around the world. As such, having an effective vendor risk management program in place to manage vendors and mitigate vendor risks becomes imperative to the financial health and reputation of the business. Regulatory agencies are becoming more prescriptive in their oversight, emphasizing the use of appropriate tools and methodologies to establish more robust vendor management programs that can streamline various related risk management activities and processes.

A comprehensive program for vendor risk management can provide financial institutions with a centralized repository to consolidate all vendor policies and procedures along with vendor-related data. Adopting a more automated and collaborative approach to vendor risk management can reduce expenses and risk exposure, and help drive decision-making, customer satisfaction, and business performance.

Join webinar panelists Donna Lovewell, UK Sourcing Manager at Zurich Insurance Company Ltd., along with Piyush Pant, Vice President of Strategic Markets at MetricStream, and Guest Speaker Chris McClean, Vice President and Research Director at Forrester Research Inc., as they shed light on current trends and concerns when implementing and building a world class vendor risk management program.

 During the webinar, the speakers will explore topics including:

  • Road-blocks in managing a wide, diverse, and global vendor network
  • Regulatory oversight and requirements governing vendor risk management
  • Best practices adopted throughout the course of Zurich’s VRM project cycle
  • Significant benefits realized by Zurich Insurance with the MetricStream VRM cloud App
  • Leveraging technology to build an effective and efficient VRM program

 

Attend this Webinar
This webinar is scheduled to take place on March 24, 2015 at 12 PM Eastern. To register for this webinar and learn more about the webinar and the speakers, please click here.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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