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Third Party Risk Management: Driving Effective Assessments Independently and Collaboratively

Aired: Wednesday, January 31, 2018

2.0 CRCM, 2.0 CSOP, 2.0 CERP

The increased use and complexity of third party relationships in the ever-expanding banking enterprise as well as the increased regulatory scrutiny around third party oversight has driven banks to move from more passive and "trust" based third party risk practices to more active and "verify" based practices. One of the most common "verify" activities comes when banks not only survey their third parties, but when they perform remote (a.k.a desktop) or on-site evaluations as part of the third party risk assessment. In many cases, individual banks are performing these assessments on their own behalf, but there is a growing interest in performing these assessments collaboratively.

This 90-minute recording explores common assessment approaches as well as special considerations for collaborative assessments. Get your questions answered!

This recording focuses on:

  • Understanding what is driving the need for banks to become more innovative with 3rd party risk management
  • Regardless of asset size, identifying the core similarities for leveraging a collaborative approach
  • Identifying several of the organizations offering collaborative assessments
  • Different third and fourth party assessment approaches, including scopes, frequency and methodology. Special considerations for collaborative assessments
  • How to get started on incorporating verify practices within the third and fourth party assessment process
  • Key takeaways for starting an internal dialog on the pros and cons to determine if a collaborative assessment is the right approach for your institution


  • Gayle Woodbury, Managing Director, Crowe Horwath LLP
  • Jill Czerwinski, Senior Manager, Crowe Horwath LLP

 Continuing Education Credits


ABA Professional Certifications has approved this program for 2.0 CRCM, 2.0 CSOP and 2.0 CERP continuing education credits for the live program and the recording.

CPE logoRecordings are not eligible for CPE credits. 

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Questions? Please contact Linda Shepard / Cari Hearn for more information.

 Pricing & Purchasing


Streaming Online Recording
Now Available

ABA Member • $235
Non-Member • $365


 Who Should Attend

  • Chief Risk Officers
  • Chief Operational Risk Officers
  • Chief Compliance Officers
  • Risk Auditors
  • Directors of Third Party Risk Management
  • Managers of Third Party Risk Management
  • Chief Procurement Officers
  • Chief Information Security Officers
  • Senior Bank Managers
  • CRCMs, CSOPs, CPAs

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