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  • 1.  Reporting of Critical Third Party profile in Risk Committee

    This message was posted by a user wishing to remain anonymous
    Posted 12-02-2020 12:29 PM
    This message was posted by a user wishing to remain anonymous

    what all should be included while creating a one pager for a particular critical vendor to make the discussion more meaning full both in terms of Quantitative aspects like Risk level, Spend, performance metrics and Qualitative aspects like negative news , Industry Insight etc. Please share in case a template is available for such critical vendor profiling.


  • 2.  RE: Reporting of Critical Third Party profile in Risk Committee

    Posted 12-02-2020 12:50 PM
      |   view attached
    ​Hello, we are just starting up TPVM by incorporating risk assessment into our VM Policy.  We have not rolled out yet, but we do not include the value of the contract with the TP as a part of the assessment questions.  Attached are the questions we have decided to utilize and the determination of the level of risk is based on how these yes or no questions are answered.  I would also add that each company, depending on their industry for the most part, would have it's own appetite for risk which may determine the types of questions they utilize for their assessment.

    Hope this helps.

    Best,
    Charlotte

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    Charlotte Pennella
    シャーロット ペネラ
    Contracts Manager
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    Attachment(s)



  • 3.  RE: Reporting of Critical Third Party profile in Risk Committee

    This message was posted by a user wishing to remain anonymous
    Posted 09-20-2021 09:15 AM
    This message was posted by a user wishing to remain anonymous

    Hi everyone!

    Hope you all r doing well!

    Can somebody share a simple template for Board reporting to present the below:

    No.of contracts reviewed in 2021
    No.of new contracts reviewed in 2021
    No of high risk ,medium risk or low risk assessments

    No.of critical vendors 
    No. of contracts with the commercial spend above 1 million etc

    Thanks in advance!