Having a robust vendor due diligence process is a crucial part of a successful third-party risk management program. It helps you remain aware of and manage vendor risk posed. And it’s not only a good business practice for credit unions – it's a regulatory requirement. 

Join us for this session that will walk your credit union through a high-level due diligence overview, explaining how to manage and mitigate vendor risk with due diligence, where it fits within the third-party risk management lifecycle, and more. Learn tips and tricks to enhance your credit union’s vendor due diligence process.  

Register now to learn: 

• Where due diligence fits within the third-party risk management lifecycle: onboarding vs ongoing  
• Why vendor due diligence is important to your credit union  
• Best practices and tips for effective vendor document collection
• Risk-based due diligence: What to collect based on your vendors’ risk level and criticality
• Next steps after collecting vendor documents 
• How to overcome vendor due diligence challenges