Increasing The Quality & Efficiency Of Your Vendor Risk Program
Download our informative new guide, Building Better Vendor Risk Assessments, and you will learn how organizations like yours can improve third-party risk assessments while balancing regulatory pressures, business requirements and budget constraints.
Key topics include:
Quality - How did you perform against your objectives during the previous year? How can you improve the consistency of your program and other aspects of what you’re already doing? What are the lessons learned?
Alignment - Is your vendor risk management program aligned with your business and its regulatory requirements? Have you taken into consideration changes in your business and new regulatory guidance?
Veracity - Are you testing controls in a way that makes sense and is efficient? Are you sufficiently testing where the control execution risk lies? Or, are you burning cycles with ineffective or unnecessary testing?
Efficiency - When assessing the above three areas, it’s easy to fall prey to scope creep. Are you doing what’s required to keep the program within your resource constraints while maximizing the usefulness of those resources?