Program Improvement

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Is It Time to Break up With Your Vendor?

Maybe you and your vendor started off strong, but you're beginning to feel that the honeymoon phase is over. To have more satisfied staff, stakeholders, customers and an overall better vendor relationship, you should partner with a vendor who meets your organization's expectations. Download this infographic for examples of declining vendor relationships.
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State of Third-Party Risk Management 2022

Venminder has released its sixth annual State of Third-Party Risk Management whitepaper based off its survey of how third-party risk management professionals manage risk today. This informative whitepaper will provide you with valuable insight into how your peers are managing third-party risk as well as overall industry trends.


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Strategic Advantages of Third-Party Risk Management 

While meeting regulatory requirements is one very evident advantage of third-party risk management, TPRM's value is more widespread. Read this infographic to learn how your organization can maximize the benefits of TPRM.
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Flight Path to Master Third-Party Risk Management 

It can be challenging to see the third-party risk management big picture and how to get from one destination to the next. This eBook will cover an extensive overview to understand where to start and how to develop a mature vendor risk program.
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Is Your Vendor Management Program Inadequate?

It’s up to the person overseeing vendor management to set the standard and report against it with the appropriate level of transparency. Determine if your program is adequate. 
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Guidance on How to Master Third Party Risk Management in 2020

Many components, processes and resources makeup a successful third party risk management program. Learn an in-depth overview of the six pillars, why a solid foundation is critical and other best practices and tips.
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8 Actionable Ways to Increase Efficiency in Your TPRM

With the increase in third party risk regulatory demands, it’s crucial to be as efficient as possible. This infographic covers 8 ways to increase vendor risk efficiency, provides tips and recommendations for your program.
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14 Third Party Risk Management Best Practices

We've seen the very best and worst of third party risk management. To help you achieve a model third party risk management program, here’s an informative infographic covering 14 of the best practices we have seen used. 
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20 Helpful Vendor Risk Management Resources for 2020

With so many components, it can be difficult to know if you've properly covered everything in vendor risk management. Use this eBook for useful vendor risk management resources that your peers have found valuable. 
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10 Best Practices of Really Good Vendor Managers

There's plenty of prescriptive guidance out there, but how do the BEST vendor managers ensure the job is done well? This infographic covers best practices and tips as well as simple steps to guide you to achieving the same.
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How Third-Party Risk Management Has Evolved

Changes resulting from rapid advancement of technology, availability of data and the ability to work with organizations across the globe have revolutionized how business is done. Third-party risk management is no exception. Read this infographic to explore the advances.
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2021 Gartner® Critical Capabilities For IT Vendor Risk Management Tools Report 

Venminder receives highest scores for "VRM Solution and VRM Assessment Data" and is the only solution provider ranked a top 3 in all use cases. Gartner Critical Capabilities report evaluated 18 IT vendor risk management vendors across three identified use cases. 
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How Third-Party Risk Management Enables an Organization's Strategies

Almost every organization utilizes third-party vendors to improve their overall business strategy by supplementing their capabilities, reducing costs, accessing specific expertise, augmenting staff or to assist by delivering products and services. Learn the real value of TPRM. 
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Framework for a Successful Third-Party Risk Management Program 

Organizations often need a formalized vendor risk management process. However, it's not always clearly understood what that vendor risk management process should entail or how it should be executed. Read this eBook to learn more. 
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State of Third-Party Risk Management 2021

Venminder’s fifth annual State of Third-Party Risk Management 2021 survey provides insight into how organizations are managing third-party risk management in today’s increasing regulatory and risky climate. Check out the results to learn more.
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Top 21 Vendor Risk Management Resources for 2021

It can be challenging to determine if you've properly covered the many components involved. To help guide you, check out this eBook that has 21 handy third-party risk management resources to grow your program throughout 2021. 
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6 Best Practices to Include in Your Vendor Management MAP for 2021

Managing vendor risk has become even more important as a result of COVID-19. To help you, this infographic covers 6 best practices you need to do as you measure, assess and plan your vendor management processes. 
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30 TPRM Best Practices in 2020

Third party risk management is a constantly evolving field. It's critical to take into account recent best practices to be as prepared as possible. This eBook covers 30 best practices you should implement into your program.
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Horror Stories: Third Parties Behaving Badly

You can learn a lot about third party risk by reviewing breaches, enforcement actions, etc. companies have received and been a part of. Check out these examples of horror stories of vendors caught doing something wrong.
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Do You Have Dirty Vendors? It May Be Time to Spring Clean

When spring arrives, you’re probably thinking about all to do to declutter and organize your house. What about spring cleaning your vendors? This infographic shares 4 warning signs of a dirty vendor and other tips/best practices.
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7 Key Components of a Good Vendor Management Program

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8 Terrifying Third Party Risk Management Stories

Vendor risk can get scary. Here are 8 “terrifying” real-life third party risk management stories from compliance officers and vendor management teams across various sizes of organizations along with key takeaways in this eBook.
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25 Common Vendor Risk Management Errors to Avoid

To avoid making vendor risk management errors, sometimes you need to take a step back and evaluate your program and what you're doing. Read this infographic to learn the errors to avoid in your vendor risk program.
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24 Best Practices to Minimize Vendor Risk

Third party risk is constantly evolving. With changes usually comes adjustments in best practices to minimize risk. This infographic covers best practices that will help ensure your organization and team is a top performer. 
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7 Vendor Management Nightmares to Avoid

What could be lurking behind your vendor's door? Vendor management doesn't always go smoothly and sometimes can get quite frightening. This infographic shares 7 vendor management nightmares to avoid and what to do to help.
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10 Common Errors to Avoid in a VM Program

It's easy to get so involved with vendor management that you miss some basic, but key, items. To avoid making errors, sometimes you need to take a step back and evaluate. This infographic shares the top ten errors to avoid.
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12 Ways You Can Improve Your TPRM Program

Third party risk requirements and expectations are constantly changing at high speed, which may mean it's time to revisit your vendor management program. This eBook walks you through 12 ways you can start to improve it.
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Guarding Against Undue Risk - 3 Lines of Defense

You may have heard of the term "three lines of defense" that can help your organization guard against undue vendor risk. In this infographic, learn what they are, how they help guard and tips for implementing this strategy in your organization. 
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Signs You May Need to Find a New Vendor

When you signed with a vendor, things may have been great but that doesn't mean it will stay that way. To protect yourself, know what could indicate when you need to replace a vendor. This infographic covers 7 signs and next steps.
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Learning from VM Enforcement Actions

An enforcement action typically means large problems and potentially hefty fines. This infographic covers 4 tips to help avoid receiving an enforcement action, top legal analysis websites and 2 questions when reviewing enforcement actions.
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Don't Keep Board In the Dark Regarding Third Party Risk

Reporting to senior management/board is not just a good practice; it's a regulatory requirement. Learn what information to include in board reports, frequency and format, materials to provide in a board reporting package and more.
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Latest Discussions List

  • Profile Picture

    Labeling or categorizing remediation plans?

    Posted in: Risk Assessments

    This message was posted by a user wishing to remain anonymous Hello Community! Have any other firms explored categorizing or assigning labels/groupings to types of remediation plans? Today we leverage (Control, Policy, and Management Action) and are ...

  • Posted in: Exams or Audits

    Thanks David. This is very helpful. I agree that reporting should be within compliance. This gives me some good information to take back to the team to discuss on streamlining our process internally.

  • Posted in: Exams or Audits

    Yes, Bank Service Company Act! Thank you, this is very helpful!

  • Posted in: Exams or Audits

    Information Classification: ll General The relevant FDIC guidance (although it and the illustrative examples are now quite dated) is FIL-49-99 and it speaks to the Bank Service Company Act (BSCA - 12 U.S.C. 1867) NOT the BSA. See ...

  • Posted in: Exams or Audits

    Hi, It is not the Bank Secrecy Act, it is the Bank Service Company Act they are referring to. You can find the FIL here : https://www.fdic.gov/news/financial-institution-letters/1999/fil9949.html Basically what we do, is that at the end of our ...