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Thought leadership webinar

Vendor risk management: When due diligence ends and risk management begins.

On demand webinar

Enterprise Risk Management now needs to be Extended Enterprise Risk Management. The days of blaming issues with a third party for your troubles are long gone. The management of your third parties/extended enterprise and the related supply chains is now expected as part of good risk management.

However, it is not easy. We have less influence and transparency over our third parties as separate legal entities yet what they do and the risks they experience can be a major source of risk for us.

For most organisations, vendors are the most significant third party and – as a result – are the major source of third-party risk. As a result, it makes sense to focus on vendors and the management of the various risks they pose.

This webinar with Protecht’s Chief Research and Content Officer, David Tattam and Research and Content Lead, Michael Howell, will provide you with an overview of vendor risk management’s drivers and benefits, and set out how you should go about implementing your organisation’s VRM program.

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Presenters

David Tattam

Thought Leader, Protecht

Michael Howell

Head of Risk Research & Knowledge, Protecht

Key information and topics covered 

  1. Introduction
      • Importance, and drivers of third-party risk management
      • Why bother? - The benefits of VRM
      • Scoping your third party risk management function with a focus on vendors

    2. The key risks arising from vendors

    3. The VRM process
      • Selection and Onboarding
      • Ongoing monitoring
      • Offboarding

    4. Implementing a successful VRM program
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About the presenters

Thought Leader, Protecht

David Tattam is GRC Thought Leader and Co-Founder of Protecht. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

David is an Associate of the Institute of Chartered Accountants in Australia and New Zealand and a Senior Fellow of the Financial Services Institute of Australia.

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Head of Risk Research & Knowledge, Protecht

Michael Howell is Protecht's Head of Risk Research & Knowledge. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions.

 

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