Third Party Risk Management Roundtable for Community Banks

Community Bank Peer Collaboration

Third-party risk management remains an area of heightened supervisory focus as increasing dependence on third-party relationships exposes financial institutions to serious risk and compliance challenges. This invitation-only ProSight roundtable provides community bank professionals the opportunity to share best practices, technologies, challenges, and solutions for managing vendor and non-vendor third-party relationships while minimizing exposure to financial, legal, regulatory, operational, and reputational risk.

Discussion Focus

Financial institutions cannot outsource risk by engaging third parties, making proper due diligence and oversight processes essential as third parties face the same cyber risks banks encounter—and often many additional vulnerabilities. This collaborative session addresses the full spectrum of third-party risk management challenges specific to community banks, from fundamental governance practices to emerging risk considerations and recent regulatory guidance affecting oversight requirements.

Why Attend

This peer-sharing session enables community bank professionals to engage in candid dialogue with peers managing similar third-party ecosystems and regulatory requirements. The roundtable format facilitates open exchange of implementation experiences, practical solutions, and lessons learned while building relationships with professionals facing comparable challenges. The focused participant profile ensures discussions reflect the unique operational realities and resource constraints of community banking institutions.

Key Discussion Areas

The roundtable agenda is created by participants based on suggested topics collected during registration. Recent focus areas have included:

• Current Observations and Trends: Industry developments and regulatory expectations shaping third-party risk management

• Evolving Practices and Challenges: Emerging approaches and obstacles in managing third-party relationships effectively

• Workload Management Solutions: Strategies for handling increasing volume and complexity of third-party oversight requirements

• Fourth and Nth Party Oversight: Assessment and oversight methodologies for extended supply chain relationships

• Emerging Risks: Addressing cyber, climate, cloud, and resilience risks within third-party relationships

• Regulatory Guidance: Implications of recent regulatory guidance on third-party risk management practices

Who Should Attend

This roundtable is designed for community banks with asset sizes below $30 billion, specifically targeting Chief Procurement Officers, Heads and Directors of Third-Party Risk Management, and their delegates. To ensure meaningful dialogue and participation, no more than two registered participants per institution should attend. The focused participant profile facilitates substantive discussion among peers managing similar organizational scales and regulatory requirements.