Critical Factors When Implementing Third Party Compliance Programs

Learn about the levels, timing, and efficacy in performing due diligence and the role data privacy regulations play in how it is obtained and utilized.

Enforcement authorities across the globe are placing an increased emphasis on the importance of establishing robust and risk-based third-party compliance programs. While the precise formulation and detail of the guidance issued varies there are key themes that are common. In this webinar you will learn strategies to follow when implementing a third-party compliance program, best practices for on-boarding third parties and conducting due diligence, and the role of data privacy.

Learning Objectives:

• Define standards
  • What constitutes a credible and defensible program
• Program development and implementation
  • Gaining leadership buy in and resources
  • Identifying your third-party population
  • Intake form strategies
• Gathering meaningful data – one size does not fit all
  • Risk adjusted due diligence programs
  • Risk factors and weighting
  • Impact of data privacy laws
• Systematizing your program – use a platform that is credible and intuitive
  • Ongoing monitoring and auditing
  • Analytics and reporting

Presenters:

• Dennis Haist, General Counsel, STEELE CIS
• Kenneth Kurtz, CEO, STEELE CIS
• Rich Finkelman, Managing Director, Omnivere

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