SESSION 1: Maximize Your Vendor Management Program

This session will provide an overview of the necessary steps for an effective vendor management program, covering an array of potential services provided, ranging from sub-advisory services to technology providers to compliance services.  The panel will focus on regulatory expectations throughout the lifecycle of a vendor relationship, including planning, due diligence, negotiation, oversight and termination of the arrangement.

Learning Objectives:

  • Use compliance controls and corporate governance to develop and enhance vendor management programs that manage conflicts of interests as they arise
  • Understand regulatory requirements regarding vendor management and outsourcing (to either third parties and/or affiliated entities) throughout the various stages of vendor engagement
  • Learn about vendor engagements that require specific considerations, such as outsourcing portfolio management services, the use of technology providers, and those driven by client data
  • Discuss obligations that survive the termination of the vendor relationship and “lessons learned” through enforcement and related proceedings
  • Boost your due diligence program with clearly defined structure, policies and procedures, use of checklists, questionnaires, a compliance calendar, and sample RFP questions