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Session Descriptions

Third-Party Risk Management: Strengthening Resilience in a Connected World

Wednesday, August 26, 2026

9:45 a.m. to 10:45 a.m.

As Farm Credit institutions increasingly rely on vendors, fintech partners, cloud providers, and data service firms, third-party relationships have become essential — but also a growing source of operational, cyber, and reputational risk. This session explores how Farm Credit institutions can modernize Third-Party Risk Management (TPRM) frameworks to address today’s complex ecosystem. From due diligence and contract oversight to continuous monitoring and exit planning, participants will gain actionable insights on how to safeguard member trust while enabling innovation. Drawing on lessons learned from recent regulatory guidance, cybersecurity events, and industry best practices, this discussion will highlight how strong TPRM programs can become strategic enablers rather than compliance burdens.

LEARNING OUTCOMES:

  1. Identify and categorize vendor risks using a risk-based approach aligned with FCA guidance and NIST principles.
  2. Integrate TPRM into enterprise risk frameworks, ensuring risk ownership, escalation paths, and board oversight.
  3. Enhance resilience through continuous monitoring of vendors’ cybersecurity posture, financial health, and performance.