It is second line and while there is close interaction with procurement for planning purposes, if the procurement function is truly first line, they should be independent.
Gene Fox
VP, Third-Party Risk Management Officer
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Original Message:
Sent: 4/30/2024 5:32:00 AM
From: Lunathi Ntshalintshati
Subject: Reporting lines
Where should TPRM function report to within the three lines of defence? Struggling to effectively get traction for a newly formed Vendor risk management function as it reports to Procurement. Please advice on what is the best practice on the reporting lines.