Exam Preparation

Third Party Risk Exam Preparation

Third-party risk examinations evaluate your vendor management program, from due diligence to ongoing monitoring to exit strategies. Canarie helps you maintain evidence of systematic vendor oversight throughout the vendor lifecycle.

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Examining Agencies

OCC
FDIC
Federal Reserve
CFPB

Examination Frequency

As part of safety and soundness or targeted examination

The Exam Preparation Challenge

Most institutions spend weeks preparing for examinations, scrambling to collect evidence, chasing attestations, and piecing together documentation. With Canarie, evidence is captured automatically as compliance work is completed, transforming exam prep from weeks to days.

Preparation Steps

1
Update vendor risk assessment
2
Compile due diligence documentation
3
Document ongoing monitoring activities
4
Gather contract management evidence
5
Prepare incident and issue tracking
6
Document board oversight of critical vendors
7
Compile exit strategy documentation

Evidence Examiners Expect

Canarie automatically captures this evidence as your team completes compliance work. No last-minute scrambling.

Vendor risk management policy
Vendor risk assessments and tiering
Due diligence documentation
Ongoing monitoring records
Contract inventory and reviews
Vendor performance metrics
Board reporting on critical vendors

How Canarie Transforms Exam Preparation

Continuous Evidence Capture

Evidence is captured automatically as compliance work is completed. No manual collection needed.

Examiner-Ready Packages

Export organized evidence packages in formats examiners expect, organized by requirement.

Weeks to Days

Reduce exam prep time by 70-80% by eliminating manual evidence collection and organization.

Frequently Asked Questions

Transform Your Third Party Risk Exam Preparation

See how leading institutions prepare for examinations in days, not weeks.