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  • Posted in: Risk Assessments

    We see a wide variety of strategies used to manage vendor and third party relationships. Some attempt to use one-size fits all, and others have a very complex and sometimes fully customized review ...

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    RE: Inherent Risk - Physical Access

    Posted in: Risk Assessments

    This message was posted by a user wishing to remain anonymous ​We definitely consider onsite service providers a vendor and they will go through our normal vendor risk assessment process. For ...

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    RE: Inherent Risk - Physical Access

    Posted in: Risk Assessments

    This message was posted by a user wishing to remain anonymous Physical access should definitely be considered/factored into the inherent risk score along with whether access will be accompanied ...

  • Posted in: Risk Assessments

    Hey there - An outside service provider's physical access, regardless of their service type or job function, is still factored into the inherent risk scores we apply as there can still be potential ...

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    Inherent Risk - Physical Access

    Posted in: Risk Assessments

    This message was posted by a user wishing to remain anonymous We have a secured campus and maintain a well established policy for vetting non-employees prior to providing them any building access. ...

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    Risk rating help

    Posted in: Risk Assessments

    This message was posted by a user wishing to remain anonymous Hello all, I'm having trouble defining strategic risk and fully understanding how it affects each vendor. The description that ...

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    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 January and will provide you with industry trends and data that you can use to compare your own ... 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 or feedback on ways that we can improve the community. In the meantime, here are some links ... More

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The professionals who take on the job of third party risk ensure the right steps are taken to protect their organizations from vendor risks and avoid costly regulatory enforcement actions. While risk comes in many forms - a good third party risk management program can help address financial, reputation, credit, operational risk and much more during the business lifecycle. 

This dedicated and free community is open to those involved in or running third party risk management programs at their organization. Inside you have the opportunity to network, share stories, ask questions, give advice and gain access to a vast library of educational content, webinars and training opportunities. 

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Latest Articles

  • Stay up-to-date on the latest vendor management news. Not only will you learn something, you may discover something to help your third-party risk management program. Below we've listed some notable articles to check out.
  • Are you new to the world of third-party risk management (TPRM)? Perhaps you work in one area of TPRM, but struggle to understand how all the components work together in this highly complex system of interrelated processes and practices. We’re going to breakdown the WHO, WHAT and WHY of TPRM which should give you a solid understanding of some key concepts.
  • A lot plays into a successful vendor risk management program. One must consider many factors including the time devoted, the subject matter experts involved and a thorough understanding of the evolving regulations. At times it can become a laborious task to fully understand all facets that should be part of your organization’s vendor risk management in order to be a thriving program.