Original Source: RMA Journal by Linda Tuck Chapman

Members of RMA’s Third-Party Risk Management Round Table are experienced leader-practitioners, individually and collectively creating emerging best practices in third-party risk management. As the round table’s facilitator, subject matter expert, and member of the Steering Committee, it’s exciting and rewarding for me to be integral to this evolution. 

The pace is really picking up. Institutions across the sector are taking third-party risk management very seriously, and a new professional discipline is emerging. It’s fair to say that thirdparty risk management is on the minds of senior management, practitioners, and, increasingly, boards of directors.

This focus was highlighted in the RMA’s 2015 Vendor/Third-Party Risk Management Survey, developed by the RMA Third-Party Risk Management Round Table Steering Committee and sponsored by Metric Stream. (For more on the survey, see Susan Palm’s article, “Third-Party Risk Management: Moving Up the Maturity Curve,” in the May issue of The RMA Journal.)…

Contributors: Linda Tuck Chapman
Categories: Industry Articles, SIG U Resource, Whitepaper
SRC Type: Risk Management, Sourcing Management, Third Party Management