Exam Preparation
Third Party Risk Exam Preparation for Financial Services
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. Specifically tailored for the unique examination requirements facing financial services.
Financial Services Exam Preparation Challenges
Executing compliance work systematically
Capturing evidence automatically
Proving compliance happened
Managing recurring compliance tasks
Preparing for examinations
Examining Agencies
OCCFDICFederal ReserveCFPB
Exam Frequency
As part of safety and soundness or targeted examination
Preparation Steps for Financial Services
1
Update vendor risk assessment2
Compile due diligence documentation3
Document ongoing monitoring activities4
Gather contract management evidence5
Prepare incident and issue tracking6
Document board oversight of critical vendors7
Compile exit strategy documentationEvidence Examiners Expect
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
Related Compliance Areas for Financial Services
BSA/AMLConsumer protectionFair lendingData privacyRegulatory compliance
Frequently Asked Questions
Other Exams for Financial Services
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Execute BSA/AML exam preparation with automated evidence capture and workflow management.
Fair Lending Exam Preparation
Demonstrate fair lending compliance with systematic evidence capture and monitoring workflows.
Consumer Compliance Exam Preparation
Prepare for consumer compliance examinations with comprehensive evidence capture across all regulations.
Third Party Risk Exam Preparation for Other Industries
Transform Third Party Risk Exam Preparation for Your Financial Service
See how financial services prepare for examinations in days, not weeks.