Third-Party Vendor Management for Compliance Professionals
Laura Grossman: Assistant General Counsel, Investment Adviser Association
Richard F. Kerr: Partner, K&L Gates LLP
Christine Ayako Schleppegrell: Associate, Dechert LLP
Rory Cohen: General Counsel, Varadero Capital, L.P.
The SEC’s interest in vendor due diligence by investment advisers has grown exponentially over the past several years. In fact, the Business Continuity Rule proposed last month requires advisers to adopt policies and procedures for the review of key vendors. Our instructors will explore the current regulatory focus on vendor due diligence, discuss ways of identifying the risks in engaging vendors, and offer valuable suggestions for managing those risks to protect your firm and its clients.
After attending this course, attendees should be able to:
- Incorporate vendor risk into their risk assessment processes
- Assemble a firm-wide team to conduct initial and ongoing due diligence responsibilities to manage risk
- Grasp the implications of recent SEC risk alerts and proposed rules
- Explore various strategies for developing a vendor management program and communicating the implications of that program to key persons throughout the firm
For whom: Designed to increase the professional competence of investment adviser and broker-dealer professionals with legal, compliance, operations and management responsibilities
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-based
Prerequisites for participation: No prerequisites are required.
Advance Preparation: None
Continuing Education Credits:
NRS Continuing Education Guide
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended IACCP® CE Credit: 2
Recommended CA MCLE Credit: 2
Recommended CFP Credits: pending