Vendor Risk Management is not a one-size-fits-all program. Even the Fed acknowledges that every institution will have their own unique risks, requirements, and methods. Your VRM provider should be supporting you and your organization’s unique needs the same way.
Fortrex Technologies’ staff of industry experts guide our clients thru numerous issues every day. How can we help you?
| Consulting | Policy & Procedure reviews | Launching a new program | Maturation of an existing program |
| Adding new risk components | Resilience & BCP | Quarterly reprogram views | |
| Training/Education | Training internal users | Training existing staff on updated regulatory demands | Training members of external departments |
| Program Management | Full management of your existing program | Staff augmentation | Rolling out a new Risk Segment |
| Regulatory & Industry Updates | Periodic webinars on industry updates | Published articles and blogs | GDPR & CCPA standards |
| Exam & Internal Audit Prep | OCC standards | NCUA standards | Cyber Security standards |
| Privacy standards | Reporting and Documentation | Formulating Regulatory Responses | |
| Preparing to manage Climate Risk | US & EU Standards | Engaging the leadership team | Launching the new program |
| Contract Review | Meeting Regulatory Contract Standards | New and Existing Contract Review | Contract & Performance Monitoring |
| Periodic Vendor Performance Reviews | Establishing a cadence for your program | Determining who participates in the review | Determining what data elements are reviewed |
| Listening to our Clients | Updates to existing product offering | New products developed at client request | New functionality developed at client request |
You deserve a personalized and professional VRM provider. Please call or email Fortrex today to discuss what you may be missing and how to get what you deserve. Fortrex is here to assist.
