Vendor Owner Training Checklist

Venminder
January 22, 2024

Vendor owners are the first line of defense, responsible for the products or services provided by the vendor. They’re also responsible for identifying and managing risk as part of their role, so that requires understanding of third-party risk management.

Vendor owners may have a wide range of vendor risk knowledge and experience, so you’ll need to determine their level of understanding and then train accordingly. This checklist will help your team train new and existing vendor owners so they’re able to properly fulfill their roles and responsibilities.

Download to learn:

• What to cover with vendor owners to explain how third-party risk relates to the credit union and why it’s important
• What to cover with vendor owners to explain what tools they need to know
• What to cover with vendor owners to explain how to perform their vendor risk duties
• How to develop positive relationships with your credit union’s vendor owners

About Venminder

Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.

Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.