Third party risk management is evolving quickly, but regulatory expectations are changing even more rapidly. This advanced session focused on next steps in the process, and how your program adds value to business leaders and meets regulatory expectations. Effective Third Party Risk Management is a journey, and few have been on this path for more than three years. No one can yet lay claim to a having implemented a program that meets the “completeness and compliance” threshold. Your presenters will meet you at the intersection of subject matter expertise and hands-on experience, ensuring this interactive session is full of expert advice and practical ideas.
Topics covered in this session included:
- Emerging best practices in program design
- Risk categories and key attributesOpportunities to standardize and automate due diligence assessments
- Similarities and differences between “vendor” and “non-vendor” third parties Risk appetite and risk thresholds
Categories: 2015 Fall - Huntington, Summit Presentations
SRC Type: Risk Management, Sourcing Management