Due Diligence and Ongoing Monitoring

Welcome to the Due Diligence and Ongoing Monitoring Community. Here you will be able to network, collabote 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

  • I actually saw this one in my email this am and already read it haha chase caught my interest!! More

  • The great thing about public enterprises is that everything is available- its the magnitude of documentation that can be overwhelming due to the amount of regulation and oversight they are subject to. One risk factor we consider is the amount of regulation ... More

  • Hello everyone! I'm wondering how you handle due diligence for vendors like, The Federal Home Loan Mortgage Corporation (Freddie Mac). We're thinking it would be very hard to get any type of due diligence from them and leaning towards making them exempt ... More

  • Along with reviewing the coverages during the initial onboarding, with key vendors we add contractual language to request they provide a Certificate of Insurance annually. More

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    Insurance due diligence

    This message was posted by a user wishing to remain anonymous Hello, I'm wondering how everyone handles their insurance due diligence task. Do you only review insurance during regular reviews or do you request and update coverages as the insurance ... More

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  • Seeking Your Input - Annual TPRM Survey!

    Hi Community Members, We’re looking for your valuable input! Venminder is conducting their annual survey for the State of Third-Party Risk Management 2021 whitepaper and we’re hoping you may have 5 minutes to spare to help out and take the survey. The complimentary whitepaper will be released in early ... More
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    Hi Everyone, I want to share some very exciting news with you all. We have reached 1,000 community members! This is a milestone we’re very proud of and it’s all thanks to the fantastic third-party risk conversations you all are having every day. As always, please let me know if you have any thoughts ... More
  • COVID-19 Resources Page

    Hi Everyone,   With the COVID-19 pandemic upon us, organizations are implementing their pandemic plans, many employees are working remotely and changes in vendor management are rapidly occurring. In the industry, it has raised lot of questions about pandemic planning and best practices and reminds ... More
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    Happy New Year ThinkTank members! We hope you've found the community discussions this past year to be enlightening and engaging. As we head into 2020, we want to hear your thoughts and feedback as it'll help us continue to understand what you'd like to see more of in the Third Party ThinkTank Community. ... More