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Thought leadership webinar

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

On demand webinar

In today's interconnected business environment, Enterprise Risk Management needs to encompass extended Enterprise Risk Management.

Going beyond due diligence reviews that take place when you onboard a vendor, the ongoing oversight of third-party providers and supply chain partners that extend your enterprise is expected as part of good risk management.

With increasing regulatory requirements expected, such as the FDIC's proposed interagency guidance on third-party risk and NCUA's desire to gain authority over third-party vendors and service providers, it's also becoming an essential part of compliance.

However, it's not easy. We have less influence over and visibility into our vendors as separate legal entities – yet what they do and the risks they experience can be a major source of risk for your own organization.

Our webinar features Protecht’s Chief Research and Content Officer, David Tattam and Vice President, North America, Terence Lee. We'll provide you with an overview of vendor risk management’s drivers and benefits and illustrate how to implement your organization’s VRM program.

Presenters

David Tattam

Thought Leader, Protecht

Terence Lee

Vice President, North America, Protecht

Key information and topics covered 

  1. Introduction
      • The business and regulatory drivers of third-party risk management
      • Why bother? The importance and benefits of VRM
      • How VRM contributes to operational resilience
      • Scoping your third-party risk management function 

    2. The key risks rising from vendors

    3. The VRM lifecycle
      • Selection and onboarding
      • Ongoing monitoring
      • Offboarding

    4. Best practices in implementing and measuring 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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Vice President, North America, Protecht

Terence Lee is Protecht's Vice President, North America. With extensive experience in governance, risk, compliance, and incident management, Terry has led sales, product, and marketing teams at risk and compliance software vendors. He is a recognized expert in ERM, GRC, vendor risk, business continuity, regulatory change management, and resilience.
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