This course begins with setting up Lines of Defense, a classic risk management approach to structuring your vendor management program, and how to apply it to the basic hub & spoke vendor management structure discussed in Certified Regulatory Vendor Program Manager (CRVPM®) Level I. The course then goes on to address the five components of the vendor management life cycle.
The five components of the vendor management life cycle are:
- Outsource Planning
- Vendor selection/due diligence
Contract Management - Periodic Review and Oversight
- Exit Strategy
This course and certification is provided by Compliance Education Institute. Recertification is required annually.
Who should attend
This course is beneficial to anyone who has completed (CRVPM®) Level I.
Pre-requisite for this course:
CRVPM® Level 1
The CRVPM® Level II expands upon existing concepts from the CRVPM® Level I course and introduces new concepts and content.
In addition, it also introduces advanced concepts in vendor management and expands upon existing concepts covered in the CRVPM® Level 1 course so that a vendor management professional can continue to expand their vendor management knowledge and augment their program.
As a CRVPM® Level II, these professionals:
- Are recognized as an expert in the vendor management field
- Increase their value to their credit union
- Show examiners and auditors their credit union’s commitment to regulatory compliance and risk management
- Demonstrate professional growth and an advanced level of regulatory knowledge
- Hold a competitive advantage over others when seeking career growth
- To achieve the CRVPM® Level II designation, you must:
Have earned and maintain the CVRPM® Level I designation
Pass each of the five chapter exams with a passing score of 80% for each. Scoring is instant, so you will know your results immediately.
By becoming a CRVPM® Level II, you receive:
- Electronic certificate
- CRVPM® ll designation
- CRVPM® Level ll Advanced Reference Guide which is updated throughout the year as new rules, regulations and
- Guidance are issued and as new exam trends emerge and best practices are identified
Vendor Site Visit ScoreCard - Vendor BCP Feasibility ScoreCard
- Comprehensive Vendor Exit Strategy document
- Additional documents and tools to support your vendor management program
- 1 year free telephone/email consulting support for vendor management issues/questions and GLBA 501(b) issues
