9-10 breakfast (buffet)
11:45-12:45 board meeting
CPE: 2 Category Auditing
$30 for members, $40 for non, and $15 for students/retirees
RSVP: By Nov 13 to Sarah Pickering at Sarah.Pickering@mygenbank.com or 315.568.1156
3rd Party Risk Management: It’s not optional;
it’s a MUST
recent years, many organizations have realized the risks presented to them as a
result of contracting with certain (often critical) third parties. Financial institutions in particular have
felt the pressure from their regulators to ramp up their third party risk
management efforts. However, all
organizations – regardless of industry – should be aware of the risks presented
by each of the third parties that they do business with and expend the
necessary effort to mitigate those risks to the best of their ability.
some organizations, just knowing where to start can be the most daunting
task. This might mean analyzing hundreds
or even thousands of third party relationships to uncover the exposures they
introduce to the company. Formulating a
disciplined process to monitor their third parties that is right-sized for
their company can also be a challenge.
Regardless of where your organization’s third party risk management
activities stand, maturing them to keep pace with the ever-growing list of
threats is imperative.
session will begin with a history lesson to highlight the importance of third
party risk management and the potential consequences when it’s not prioritized
appropriately. Then, you’ll learn about
the approach that one financial institution recently took to inventory and
risk-rank their third parties, and its desire to upgrade the third party risk
management program. It will conclude
with an in-depth analysis and discussion of best practices throughout the entire third party risk
management lifecycle including: (1) risk assessment; (2) due diligence; (3) contract
negotiation; and (4) ongoing monitoring.
Chinski, CIA, CRMA, CFIRS serves as
Director of Audit for NBT Bancorp Inc. Len oversees the Internal Audit function
of NBT, which is responsible for assessing the internal control environment and
risk management activities of all key areas of the organization.
Previously, Len served as Vice
President and Fixed Income Capital Markets Compliance Officer for Janney
Montgomery Scott LLC, a large regional brokerage firm headquartered in
Philadelphia, PA. Prior to that he was with M&T Bank in Buffalo, NY for over
15 years, progressing from Staff Auditor to the position of Administrative Vice
President and Assistant General Auditor. He also held a senior compliance
position with M&T Securities Inc., M&T’s brokerage firm affiliate,
where he supported their fixed income capital markets business.
Len earned his Bachelor of Science
degree in Accounting from Canisius College (Cum Laude). He is a Certified
Internal Auditor and a Certified Fiduciary & Investment Risk Specialist,
and holds a Certification in Risk Management Assurance.
Green, CIA is an Assistant Vice President and Audit Manager
at NBT Bancorp Inc. Prior to Joining NBT
in 2010, Bryan spent 6 years in the Audit Department of M&T Bank in
Buffalo, NY. In addition to the Central
NY Chapter of the IIA, Bryan is also a member of the Empire Chapter of the Risk
Management Association (RMA) where he serves on the Board of Directors and is
the Chair of the Audit Committee. Bryan
is a graduate of St. Bonaventure University.