Compliance Area

NYHigh RiskHigh Complexity

Vendor Management Execution in New York

Execute your third-party risk management program with workflows for due diligence, monitoring, and oversight. Navigate New York's specific regulatory requirements with automated workflows and evidence capture.

More for New York

New York Regulatory Environment

Financial institutions executing vendor management execution in New York navigate specific state requirements:

NYDFS oversight and examination
Cybersecurity regulation (23 NYCRR 500)
BitLicense for crypto
Active enforcement
Industry-leading standards

Monitoring Frequency

Ongoing monitoring with annual comprehensive reviews for critical vendors

Key Controls for NY

Initial due diligence completion
Risk assessment and tiering
Contract review and approval
Ongoing monitoring activities
Performance review tracking
Issue and remediation management
Annual vendor review
Board reporting on critical vendors

The Execution Challenge in New York

Vendor Management Execution in New York requires navigating both federal requirements and NY-specific regulations. Most institutions struggle with tracking state-specific obligations, maintaining evidence for multiple regulators, and preparing for both state and federal examinations. The complexity of high-complexity environments like NY makes systematic execution essential.

The Canarie Execution Layer for NY

Canarie transforms vendor management execution in New York from periodic scrambles into continuous execution. Both federal and NY-specific controls are scheduled, evidence is captured automatically, and proof of compliance is always ready for any examiner.

State-Aware Scheduling

Controls and monitoring activities are scheduled based on both federal and NY requirements.

Dual-Purpose Evidence

Evidence is captured once but organized for both state and federal examiner expectations.

Always Exam-Ready

Export organized evidence packages for NY state examiners or federal regulators.

Frequently Asked Questions

Automate Your Vendor Management Execution in New York

See how NY institutions execute compliance with confidence.