Staffing Your Third-Party Risk Management Program

Many organizations need help determining appropriate staff levels for effective third-party risk management. However, the lack of regulatory guidance on the matter further complicates this challenge. As a result, third-party risk programs often struggle with understaffing, hindering their ability to function optimally. So, how many people are needed to manage third-party risk management effectively? 

In this session, we’ll discuss the factors your organization must consider to appropriately staff your third-party risk management function. We’ll cover topics such as the program's scope, the number of vendors and their risk ratings, employee skills and experience, the systems and tools used, and how third-party risk tasks are allocated within your organization. 

Watch now to learn:

• Third-party risk management staff and stakeholder functions  
• Third-party risk management job titles, skill sets, and responsibilities 
• Training and education for staff members and stakeholders 
• Outsourcing strategies and resources 
• Key takeaways