Due Diligence and Ongoing Monitoring

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Welcome to the Due Diligence and Ongoing Monitoring Community. Here you will be able to network, collaborate, and see the latest discussions that can help you in this area. Note: You will need to Sign In to join in the discussions and access resources. 

About Due Diligence and Ongoing Monitoring: Whether you’re vetting a new vendor or following up on an existing vendor, performing due diligence is necessary to determine if a vendor is a good fit for your organization. Ongoing monitoring is a regulatory expectation, an overall sound business practice and can lead to discovering risk that would have otherwise gone unnoticed.

Latest Discussion Posts

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    Vendor Financials

    By: Anonymous Member , 5 days ago

    This message was posted by a user wishing to remain anonymous I have a question regarding some of our high-risk vendors that do not provide financial statements. When I request this information, they often respond with a letter of financial condition, ... More

    1 person likes this.
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    RE: Training for SOC, IT, BC Assessments

    By: Lisa-Mae Hill , 7 days ago

    This is a great question. If you are looking to perform your assessments on your vendors in house, I would suggest the following resources to get a baseline knowledge. There is training out there at every price point and every experience level. Here ... More

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    New Vendor Risk Rubric

    By: Anonymous Member , 10 days ago

    This message was posted by a user wishing to remain anonymous Hi Everyone. We are discussing implementing a risk rubric for evaluating new vendors. This would use a weighted score on categories such as: Vendor Financial Risk Vendor Operational Risk ... More

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    Timing of Annual Reviews

    By: Anonymous Member , 21 days ago

    This message was posted by a user wishing to remain anonymous Hello, I am wondering what timing people use for completing their annual reviews and reports to the Baord? Ex - we start our annual reviews in 4Q but it reflects typically outdated financials ... More

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    RE: Risk Based Due Diligence

    By: Misty Wilson , 21 days ago

    I would be happy to share some of the tools we use. Please feel free to reach out to me at mwilson@goldenoaklending.com. Thank you! More

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