Program Improvement

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State of Third-Party Risk Management 2024

Venminder’s State of Third-Party Risk Management 2024 survey provides insight into how organizations manage third-party risk today. Results from the survey provide an in-depth look at current practices, challenges, compliance incentives, and third-party risk management benefits.


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Vendor Performance Management: Steps and Questions to Ask

For the vendor performance management process to be effective, organizations must think carefully, plan proactively, and execute consistently. An effective process helps reduce costs, enhance customer satisfaction, mitigate risks, and more. Learn more in this infographic.
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Framework for a Successful Third-Party Risk Management Program 

Where do you begin with the daunting task of designing, implementing, and managing a third-party risk management program? It's not always clear what the process should entail or how it should be executed. Use this eBook to learn the foundational components of a TPRM framework to help you build or improve your program.
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30 Third-Party Risk Management Best Practices in 2023

Third-party risk management is a constantly evolving field. It's critical to take into account recent best practices in order to be as prepared as possible. The best practices in this eBook will give you more than enough to get started on your path to improved third-party risk management practices for your organization and for you as a third-party risk management professional.
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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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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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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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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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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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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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Strategic Advantages of Third-Party Risk Management 

An effective TPRM program provides many different strategic advantages to an organization. While one obvious benefit is meeting regulatory requirements, there's a much broader range of benefits. There are many operational and day-to-day advantages of a successful TPRM program. Learn more in the infographic.
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How to Determine Who Your High-Value vs Low-Value Vendors Are

With the number of vendors in an organization, it may not always be obvious where a vendor sits on the high-low value spectrum. This eBook will help you determine who your low and high-value vendors are, and how to get the best value from your vendors.
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Top 21 Third-Party Risk Management Resources for Beginners

When you're newer to third-party risk management or need to find your footing on the basics, it can be challenging to know where to start. To help guide you, check out this interactive eBook that has 21 third-party risk management resources for beginners to get your program started on the right path.
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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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12 Ways You Can Improve Your Third-Party Risk Management Program

Expectations and requirements for third-party risk management are rapidly evolving. Because of this, there is always room for third-party risk management improvement. It can be complex, and building an effective program may feel overwhelming at times. These tips will help you implement effective third-party risk management programs or enhance those already in place.
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Guidance on How to Master Third Party Risk Management in 2023

The success of a TPRM program depends on a carefully integrated combination of rules, tools, processes, and people. The good news is there's already a well-established roadmap you can follow, known as the third-party/vendor risk management lifecycle, which was specifically designed to help you identify, assess, manage, and monitor vendor risk in your organization. Learn more.
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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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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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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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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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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

  • Posted in: Risk Assessments

    Hello all, I am also very interested to learn what others are doing related to new mortgage appraisal bias. Thank you! ------------------------------ Kind regards, Cherry Jacobs, CTPRP AVP, Corporate Third-Party Risk Manager | Glacier Bancorp, ...

  • Posted in: Exams or Audits

    Typically, the Regulators will want to know all of the FI's critical or material vendors. These could be vendors that have access to NPI, such as customer information, or employee information. Vendors that represent a portion of an FI's income, or expenditure. ...

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    Mortgage Appraisal Bias Risk Assessment

    Posted in: Risk Assessments

    This message was posted by a user wishing to remain anonymous Hello All, I am very new to the role of Third Party Risk Manager and still learning where I can find the best information. We are looking to implement a new mortgage appraisal bias risk ...

  • For other sources, there is Colorado law on consumer protections for AI that passed; as well as recent concerns of Microsoft Re-Cast taking snapshots of everyone's screens on tablets and PCs that are stored locally, but supplemented by a CLEAR TEST database ...

  • The above mentioned third party vendors: D. Third-Party Vendors Insurers retain responsibility for understanding any tools, EDCIS, or AIS used in underwriting and pricing for insurance that were developed or deployed by third-party vendors and ...