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

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    Questions for Residual risk assessments

    This message was posted by a user wishing to remain anonymous Good morning. We are revamping our vendor management program. I'm looking for some questions that others ask when doing a residual risk assessment filled out by the owner of the vendor or ... More

    1 person likes this.
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    RE: 4th Party Assessment

    This message was posted by a user wishing to remain anonymous I'm interested to hear what others are doing as well! I'd also like to hear what others are reporting to their board in regards to 4th parties. More

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    4th Party Assessment

    This message was posted by a user wishing to remain anonymous Hello, Currently, we have a high level assessment completed of 4th parties, our third parties engage with. We ask for the third parties TPRM or Risk Management program, a list of their third ... More

  • Hi Everyone, I, too, would greatly appreciate something along these lines. Thank you, Wes TRANSPARENCY | FLEXIBILITY | CREATIVITY More

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    Final Risk Summary Report

    This message was posted by a user wishing to remain anonymous Hi All, Trust this message finds you well. Please can I request you to send or share a sample of the final risk summary report covering the risks and the recommendations? I need to create ... More

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