This online course reviews the regulatory recommendations from all FFIEC agencies concerning contractual terms and conditions, as well as the issues and exposures that can result when the contractual bases aren't thoroughly covered.

We often find that there are many terms and conditions omitted from contracts that expose a financial institution to multiple dimensions of risk.

As such, terms and conditions that are often overlooked, yet expose the institution to risk and liability and that should be included in contracts to better manage risk and protect the institution will be reviewed. This includes:

• Financial Risk
  
• Compliance Risk
  
• Technology Risk
  
• Business Resilience
  
• Cyber Security

You Should Take This Course If:

• If you think that a Statement of Work is as good as a contract then you must take this course!
  
• If you think that your vendor will take responsibility for its vendor relationships on its own (your 4th and 5th parties) then you must take this course!
  
• If you haven't thought about the data format, data integrity and fees for getting your data back from your vendor at end of contract term them you must take this course!
  
• If you haven't thought about requiring your vendor to comply with current and future regulatory requirements then you must take this course!

Bonus Materials:

• Course Workbook
  
• Outsource Planning Checklist
  
• Certificate of Completion

How To Access This Course:

This course, as well as the Certification, is provided through the Compliance Education Institute. The Institute will email you directly with access instructions for taking your course and starting the process towards earning your CRVPM Certification once you order the course!

Prerequisite: None, though students may want to earn the CRVPM
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