Vendor Management Review
CSI can perform an onsite compliance review covering the following high risk and problem areas affecting a financial institution’s compliance with vendor management:
- Vendor selection process
- Review and content of vendor contracts
- Privacy of customer information
- Service Level Agreements (SLAs)
- Vendor oversight
- Vendor data security
- Vendor SAS 70 reports
- Vendor Financial Reports
- Review of approval processes related to any significant changes to the service provider relationships