Guidance on Managing Outsourcing Risk Study Notes contains 9 pages covering the following learning objectives:
* Explain how risks can arise through outsourcing activities to third-party service providers, and describe elements of an effective program to manage outsourcing risk.
* Explain how financial institutions should perform due diligence on third-party service providers.
* Describe topics and provisions that should be addressed in a contract with a third-party service provider.
After reviewing the notes you will be able to apply what you learned with practice questions.
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