Today, a third party can have a major impact on your organization. Whether it be an interruption in your supply chain, a data breach or failure to comply with a regulation, third party risk management has become a hot topic in the boardroom and with senior management. Implementing a third party risk management program can be an overwhelming and daunting undertaking. Hear first-hand how one organization has centralized their process and turned what was a siloed and fragmented approach to risk management into a sustainable and flexible program providing visibility into the entire organization’s third party risk.
Topics in this session included:
- The key drivers for having a third party management program
- Some fundamental steps required before starting the program and during its implementation
- Results from this case study and the benefits to the organization
- Lessons learned and recommendations in building a third party management process
Categories: 2015 Spring - Amelia Island, Summit Presentations
SRC Type: Risk Management, Sourcing Management, Third Party Management