Canarie AI

Exam Preparation

Third Party Risk Exam Preparation for Regional Banks

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 regional banks.

More for Regional Banks

Regional Banks Exam Preparation Challenges

Multi-state regulatory complexity
Coordinating compliance across business lines
Scaling compliance with growth
Managing multiple examiner relationships
Consistent policy implementation

Examining Agencies

OCCFDICFederal ReserveCFPB

Exam Frequency

As part of safety and soundness or targeted examination

Preparation Steps for Regional Banks

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

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 Regional Banks

Enterprise compliance programBSA/AMLConsumer lending complianceMortgage complianceState-specific requirements

Frequently Asked Questions

Transform Third Party Risk Exam Preparation for Your Regional Bank

See how regional banks prepare for examinations in days, not weeks.