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vendor risk (22)
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In today's constantly evolving financial market, getting ahead of possible risks and difficulties is critical for financial businesses' performance and security. Third-party risk management (TPRM) is an important area that needs special attention. As financial institutions rely more on third-party suppliers and partners, it is critical to adequately analyze, manage, and mitigate risks associated with these third parties. This is where TPRM software comes in to help financial businesses by provid
Vendor risk management goes beyond the due diligence reviews that take place when you first onboard a partner. Ongoing oversight of third-party vendors, service providers and supply chain partners who extend your enterprise is expected as part of good risk management. It’s also becoming an essential part of compliance.
Here's what you can expect to learn:
- Key drivers of effective vendor risk management (VRM)
- Regulatory requirements, including those of the FDIC and NCUA
- How VRM contribut
In today's linked codependent environment, financial organizations rely significantly on third-party suppliers for various services and products. While outsourcing may provide considerable benefits, like cost savings and access to expertise, it exposes businesses to various hazards that can harm their brand, financial stability, and regulatory compliance.
Financial institutions must adopt comprehensive third-party risk management systems to detect, analyze, and monitor third-party vendor risks to
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New Best Practices Guide: 5 Steps to Proactive Third-Party Risk Management
Hi Global Risk Community member,
Optimizing your third-party risk management (TPRM) program requires striking the right balance between people, processes, and technology. While Prevalent can’t necessarily help you with the “people” aspect, our new guide will help you sharpen your team’s TPRM processes and technology.
As explored in our previous blog in this series, Integrate C-SCRM Across the Organization was the first of 8 Key Practices for Cyber Supply Chain Risk Management (C-SCRM) programs outlined in the National Institute of Standards and Technology (NIST)’s recent report, “Key Practices in Cyber Supply Chain Risk Management: Observations from Industry.” While, the integration of C-SCRM across the organization is foundational, it won’t lead to real change without NIST’s second Key Practice: Establis
Hello,
Download our expert guide and explore:
- The building blocks of third-party risk management programs
- Workflows for vendor onboarding and ongoing monitoring
- The importance of inherent risk and how it should be incorporated into programs
- How to calculate residual risk and use it to to determine ongoing review cadences
- Ways to integrate external ratings and service offerings into your program
- Practical steps you can take to advance your third-party risk management program
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A Message From Our Partner
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A Message From Our Partner
Dear Global Risk Community member,
Third-party risk has evolved over time as companies continue to leverage outside products and services to gain a competitive edge in their markets. Understanding the finer points of a third-party relationship and what real risks exist has led to an industry of people, process, and technology solutions available to help companies consume, analyze, and make decisions on how they utilize and mitigate third party expo
A Message From Our Partner
Staying a Step Ahead of Third-Party Risk |
Mitigating risk isn’t easy, especially in light of government oversight from the Department of Justice, Securities and Exchange Commission, and Internal Revenue Service amongst others. In this day and age, it’s important to ensure your risk and compliance program has exceptional processes and procedures in place to better prepare for the future. Produced by Compliance Week and sponsored by ProcessUnity, the Staying a St |
Vendor risk assessment questionnaires are vital to the success of your Third-Party Risk Management program. They also can be tedious, time-consuming, and painful – for both your team and your vendors. It doesn’t have to be that way. The right mix of best practices and technology can reduce more risk while ultimately making life easier for you and your vendors.
Join ProcessUnity for a 45-minute webcast at 2:00 PM EDT on Thursday, October 18, 2018 (http://bit.ly/2Nyzs5X) , an
