Third Party Oversight: No One is Exempt

Session 5: IPA Compliance Boot Camp

In today’s complex financial services environment, regulatory responsibility doesn’t stop at your organization’s walls. Whether you’re partnering with fintech vendors, outsourcing operations, or building platform integrations, regulators expect robust oversight of every third party you rely on.

In this session at the IPA’s Compliance Boot Camp, Joyce Mehlman, founder and principal at iLEX and a seasoned compliance strategist, will explore how companies can build and maintain effective third-party oversight programs, even as the broader regulatory environment shifts.

Why Oversight Matters Now

The financial services sector is seeing significant deregulation efforts at the federal level. But deregulation doesn’t mean de-risking. In fact, as oversight responsibilities shift or become less defined, companies face even greater pressure to self-govern their third-party relationships with diligence and structure.

The risks are real: enforcement actions increasingly cite weak vendor oversight as a contributing factor in data breaches, compliance failures, and consumer harm. Companies must stay vigilant and proactive in monitoring the full lifecycle of vendor engagement, from onboarding to termination.

Key session topics:

• How federal and state regulators define third-party oversight expectations
• Building scalable oversight programs for evolving partnerships
• Common oversight pitfalls and how to avoid them
• The role of due diligence, audits, and risk assessments
• Strategies to maintain flexibility while meeting regulatory demands
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If you team up with service providers or technology vendors, as many do, this session is essential for strengthening your compliance framework and avoiding costly missteps.

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The IPA’s Compliance Boot Camp in Chicago on Sept. 11 offers a unique opportunity to dive deep into the latest regulations and trends. From hot topics like Open Banking and Earned Wage Access to the legal implications of AI and serving cannabis businesses, this one-day event is packed with insightful sessions led by industry experts. Eligible for up to 7 CLE credits in Illinois, Georgia, Florida, New York, and Texas, the Boot Camp provides both practical knowledge and professional development. Don’t miss this chance to gain the insights you need to thrive in today’s dynamic market. Register now.