TPRM - Best Practices for Calculating Inherent Risk

Fact: Inherent risk is the most critical calculation in Third-Party Risk. When building an effective and efficient TPRM program, it's critical to understand which vendors, suppliers and business partners are most critical to your business operations, and which ones present the most risk. In times where TPRM resources are stretched thin, inherent risk helps your team prioritize which third parties get assessed, when they get assessed, and what's in scope.

Join this one-hour webinar for expert advice and best practice on how to calculate inherent risk and put it to work for your program.

Attendees will learn how to:

• Develop inherent risk calculations and a scoring methodology.
• Tier your third parties by criticality and high risk.
• Scope and schedule assessments based on inherent risk scores.
• Leverage inherent risk ratings from assessment exchanges, data science and crowdsourcing.
• Prepare for next-generation inherent risk powered by artificial intelligence.