Due Diligence and Ongoing Monitoring

This message was posted by a user wishing to remain anonymous

We are trying to create our vendor management program. I'm from a FI and wondering if HR employment agencies should be included in our program. 

It first depends on your definition of a vendor. Once you have that identified, then you can look at your population and make decisions. If you are heavily reliant on employment agencies you may end up ranking them something more than no impact. Also, what information are you sharing? Is it potentially corporate confidential information? A number of things to consider here.

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Mark Ewert, CPCU, CIC
Director Vendor Management
Penn National Insurance
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