This Bank Safety & Soundness publication looks like it might be beneficial if you are a smaller community bank and need to get started with a formal ERM program. It reminded us that our guide to starting (or updating) your vendor management program is free! Check out the link on our web site or click the contact form link to be contacted to receive this. Our free Vendor Management Program Setup Kit includes things like a vendor management policy template, workflow diagram, information security checklist, risk assessment guide and other valuable tools that will have you up and running quickly. You can even get a demonstration or trial of VendorInsight® that will show you how all of these steps can be automated to help you organize everything and save time.
What happens if you suddenly lose your point of contact (POC) at a vendor? A POC is an individual or a specific department who acts