The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Office of the Comptroller of the Currency (OCC) collaborated to establish a unified approach to managing the monitoring the risks associated with third-party relationships banking organizations maintain. This interagency guidance was approved June 6, 2023, and all federally regulated banking organizations are expected to establish and maintain risk management on all third-party relationships, including third-party service providers, third-party payment processors and fintechs. This session will provide the third-party risk management life cycle and what you need to know before an examination.