Risk Assessments

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Welcome to the Risk Assessments Community. Here you will find the latest discussions and resources that can help you in this area. Use this community to discuss anything about doing vendor risk assessments. Note: You will need to Sign In to join in the discussions and access resources. 

About Third-Party Risk Assessments: The risk assessment process is a fundamental foundation of a well-managed third-party risk program. A disciplined approach and repeatable process can lay a firm basis for better informed due diligence, structured ongoing monitoring, and meaningful impact in mitigating concerns introduced by your organization's third parties. Taking it a step further, understanding how to mitigate inherent vendor risk is crucial to determining if the benefits of the outsourced product or service outweigh the risk posed.

Latest Discussion Posts

  • Hello all, I am also very interested to learn what others are doing related to new mortgage appraisal bias. Thank you! ------------------------------ Kind regards, Cherry Jacobs, CTPRP AVP, Corporate Third-Party Risk Manager | Glacier Bancorp, ... More

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    Mortgage Appraisal Bias Risk Assessment

    This message was posted by a user wishing to remain anonymous Hello All, I am very new to the role of Third Party Risk Manager and still learning where I can find the best information. We are looking to implement a new mortgage appraisal bias risk ... More

  • If you have a well-structured vendor agreement should outline the steps to be taken by both parties in the event of a data breach. This is crucial for ensuring both parties understand their responsibilities and can act swiftly and effectively to mitigate ... More

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    RE: Assessing Breached Vendors

    This message was posted by a user wishing to remain anonymous To avoid issues in getting information regarding a breach, your MSA should include a breach notification requirement as well as, post incident report. It will be up to you to define the content ... More

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    RE: Assessing Breached Vendors

    This message was posted by a user wishing to remain anonymous Not sure if this is done as part of the relationship but generally forensic analysis is done. I would recommend asking for a copy of the report when it's available. Some will provide the ... More

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