Third Party Risk Management | Tie Together and Boost Your Third Party Risk Management Processes
Arkivert serier ("Inaktiv feed" status)
When? This feed was archived on December 23, 2024 05:13 (). Last successful fetch was on September 28, 2024 15:08 ()
Why? Inaktiv feed status. Våre servere kunne ikke hente en gyldig podcast feed for en vedvarende periode.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 286870685 series 2890647
Third Party Risk Management is becoming a strategic priority for many organisations. Based on client research, most organisations tend to lean towards a decentralised approach to TPRM due to the size and complexity of an organisation and their pre-existing processes.
Having a variety of TPRM processes can become problematic if not managed holistically as the organisation may not have the high level perspective that is needed to be aware of all the risks that come with different third parties and the varying nature of the processes may lead to inefficiencies.
So, whilst third party ownership is an organisation-wide responsibility, organisational leadership should drive toward a shared framework and tools to enable the various risk management processes to share data and create efficiencies. This framework may be owned and overseen by risk management or procurement.
“By implementing a centralised Third Party Risk Management Framework, TPRM processes can be unified under an umbrella of excellence,” says Patrick Ryan.
Thank you for tuning in! We hope you enjoyed this episode.
- Get in touch if you have questions or would like to discuss your information risk management needs.
- Watch our latest videos for interviews, tips, and webinars.
- Meet our team of experts.
Follow us on LinkedIn for free resources, tips, and news.
39 episoder