Outsourcing Policy

A professionally drafted Outsourcing Policy for banks, deposit-taking institutions and finance companies, covering outsourcing, third-party and service-provider risk. Global edition — written to international standards (Basel Committee, FATF, ISO, COSO, NIST and FSB) and deliberately jurisdiction-neutral, with bracketed prompts marking the points where your local law or regulator's requirements must be inserted. Supplied as a fully editable Microsoft Word document, de-identified and ready to adapt to your organisation. Typical owner: Chief Risk Officer; approval: Board of Directors.

Preview the first 6 pages (PDF) See the real cover, document control page and opening sections before you buy.

What's inside

• Contents
• 1. Purpose
• 2. Scope
• 3. Definitions
• 4. Regulatory Framework
• 5. Policy Statement and Principles
• 6. Material Service Providers and the Register
• 7. Due Diligence and Entry into Arrangements
• 8. Contractual Requirements
• 9. Arrangements Supporting Critical Operations
• 10. Sub-contracting and Fourth-Party Risk
• 11. Ongoing Monitoring and Performance Management
• 12. Cloud, Cross-Border Arrangements and Regulatory Engagement
• 13. Exit Strategies and Termination
• 14. Roles and Responsibilities
• 15. Reporting and Escalation
• 16. Breaches of this Policy
• 17. Training and Awareness
• 18. Review of this Policy
• Appendix A: Material Service Provider Assessment Criteria
• Appendix B: Third-Party Register — Minimum Fields
• Policy Administration