- Governance and Policy Development services guide your organization through the various risk, regulatory and audit requirements; validate your organization’s risk appetite and TPRMVRM program components; and identify/implement critical improvements so you have peace of mind knowing your TPRM/VRM program is compliant and effectively managed.
- Maturity Assessments, Training and Awareness services validate the relative maturity of your organization’s TPRM-VRM program, including ongoing stakeholder training and awareness, and help your organization identify material gaps and opportunities for improvement.
- Pre-Acquisition Risk Assessment services determine inherent risks associated with your impacted processes prior to vendor selection and contract execution, evaluate vendor third/fourth party controls to mitigate the risks, identify issues, negotiate issue remediation plans and exit strategy, draft contract language, and provide an objective view of residual risks and severity of risk exposure to inform management.
- Issue Identification and Remediation services provide awareness of third/fourth party issues and material changes, validate severity, facilitate risk mitigation and issue remediation, monitor resolution status, and confirm adequate closure.
- Periodic Risk Assessment services ensure your third party is compliant throughout the life of the relationship, based on the current scope of work and contractual terms, regulatory guidelines, risk landscape, and effectiveness of third/fourth party controls.
- 3rd and 4th Party Monitoring/Reporting services identify changes and threats before they cause loss or damage to your organization, its sensitive data and reputation ensuring a comprehensive, compliant and appropriately documented TPRM-VRM program. Our cognitive analytics and use of leading TPRM systems help your organization to anticipate and proactively manage risks by effectively monitoring critical vendors, contracts, internal and external threats, and regulatory changes.