As more organizations continue to outsource key operations, it is vital that they create vendor risk management programs that allow them successfully control the risks associated with utilizing vendors and third-parties. Build a successful vendor risk management program by learning the golden rule.
For many vendor or third-party risk management programs, dealing with vendors that refuse to comply or participate in the vendor risk assessment process represents a challenge. Learn alternative strategies to perform due diligence on your non-compliant vendors while meeting your regulatory requirements for vendor risk management.
Use the Three Lines of Defense Model to ensure that vendor, supplier and third-party risk management is fully integrated into the company risk culture.
Utilize the checklist when considering various TPRM tools.
Writing a TPRM policy is essential to any organization that outsources its functions and processes. Learn how to write an effective TPRM policy.
Learn how to implement and perform R&CAs in order to understand your risk culture.
Learn why performing an information security risk assessment is important as part of the third-party risk management program.
Implementing Data Analytics and Reporting within Third-Party Risk Management
Learn how to implement data analytics into your third-party risk management (TPRM) program in order to understand the third-party risk appetite for your organization. For more information about TPRM, please refer to the Beginner's Guide to Vendor, Supplier and Third-Party Risk Management under Training Guides, Templates and Checklists. Please also refer to Integrating Data Analytics within Third-Party Risk Management (TPRM) under Training Guides, Templates and Checklists.