Who Should Be Involved in Third-Party Risk Management

Third-party risk management (TPRM) is a complex process requiring multiple stakeholders' involvement to ensure it runs smoothly. While it can be challenging to differentiate between the different roles and responsibilities involved, it's essential to acknowledge that each person's contribution is vital to the program's success. From the vendor owner to the TPRM team right up through the leadership team and the board, everyone has a crucial role to play in ensuring that the TPRM process is effective and meets the organization's goals. 

In this on-demand session, we’ll discuss the different roles and responsibilities involved in TPRM. You’ll learn who owns the risks associated with third parties; identify who is responsible for the TPRM framework; explore the roles of subject matter experts, auditors, and examiners; and see how senior management and the board oversee and govern the TPRM process. 

Watch now to learn:

• The three lines of TPRM 
• The roles and responsibilities necessary for effective TPRM 
• The importance of setting the “tone-from-the-top" 
• Stakeholder communication and reporting related to TPRM 
• Key takeaways