Vendor Management Managing 3^rd party relationships will be a focal point of FFIEC regulators for 2009. Every financial institution will be required to have a program to assess the risk of all third party vendors, and based on that risk, have a method in place for insuring proper due diligence prior to entering into a contract with any vendor.  The Cornerstone Vendor Management vBook enables you to quickly create or update a policy for your organization. 

Benefits include:

• Enabling your organization to assess the risk of all current and future 3^rd party relationships


• Checklists are provided that detail the due diligence that is required for the assigned risk profile of the vendor


• A listing of material required from the vendor during the term of services provided


• All documents required by regulators are defined in the checklist

About SilverCloud vBook Platform

• Allows for easy updating and modification of any pages in this book


• Easily import other policies and documents into the system, creating a single repository for all your institution’s information


• Notes may be added by any user, for personal or company-wide use

Additional assistance from Cornerstone Advisors

• The Cornerstone team specializes in Banking, and is available to help your organization craft a plan that is best suited for your organization


• Cornerstone can apply its information security best practices to help modify your existing policies and procedures to fit into an overall Information Security Plan


• Cornerstone can re-author the document based on interviews with your staff, making revisions as-needed to ensure that all security policies are tightly integrated in your overall Information Security Plan.

For additional information, please contact SilverCloud:

info@silvercloudsystems.com
1-(800)-654-0510