Canarie AI

Exam Preparation

NYHigh Complexity

Third Party Risk Exam Preparation for New York

Demonstrate third-party risk management with comprehensive vendor oversight evidence. Tailored for financial institutions operating in New York.

More for New York

New York Regulatory Environment

Financial institutions preparing for third party risk exam in New York navigate specific state requirements:

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

Examining Agencies

OCC
FDIC
Federal Reserve
CFPB
New York State Regulators

Examination Frequency

As part of safety and soundness or targeted examination

NY state examinations may occur on a separate schedule.

The Exam Preparation Challenge in New York

New York institutions preparing for third party risk exam must satisfy both federal and state examiner expectations. Most institutions spend weeks collecting evidence and organizing documentation for multiple regulators. With Canarie, evidence is captured automatically and organized for both NY state and federal examiners.

Preparation Steps for NY

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 NY Examiners Expect

Canarie automatically captures evidence for both NY state and federal examiner expectations. 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 Prep for NY Institutions

Dual-Purpose Evidence

Evidence captured once, organized for both NY state and federal examiners.

State-Specific Packages

Export evidence packages tailored to NY examiner expectations.

Always Exam-Ready

Reduce exam prep from weeks to days with continuous evidence capture.

Frequently Asked Questions

Transform Your Third Party Risk Exam Preparation in New York

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