Published: December, 2009 - While the market seems eager to grasp onto the phrase "risk intelligence," it means nothing if corporations cannot take action on the intelligence it provides. Being intelligent is not the same as being wise - most organizations lack both risk intelligence and wisdom.
Companies often find themselves struggling to comply with increased third party risk management program regulations because of the difficulties in obtaining timely and insightful information and the complexity of consistently translating that information into risk decisions aligned with corporate risk appetite. But with a simplified approach to compliance—one that includes narrowing focus, enabling lifecycle management, and leveraging technology and analytics—third party risk management can be an integrated function of your business, and not just a cost of compliance. In this Business Insight, Drew Wilkinson discusses the important issues about third party risk management.
Published: Jan 09 - Organizations are in an ongoing eff ort to achieve sustainability, consistency, transparency, accountability, and effi ciency across risk and compliance initiatives. The fact of the matter is: organizations need complete visibility into the portfolio of risks spread across distributed and complex business processes and relationships.
The correlation between data breaches and third party service providers has demonstrated the importance of securing your entire enterprise. Unforeseen risk vectors from third parties can have damaging results, and they become exponentially more threatening as networks continue to integrate and entities have access to networks, terminals, and servers. Third parties are the number one security risk to financial services firms in 2015.
Cutter Consortium
Enterprise Risk Management & Governance (ERM&G) Advisory Service focuses on helping organizations assess their total risk spectrum and manage it as a whole. The top-level, critical, and objective advice you'll receive as a client will help your organization implement sound risk management and governance strategies that allow for innovation and profitability, even under the increasing pressures of compliance.
Datamonitor, May 2009, Pages: 17
This report will look at the challenges faced, and the strategies adopted in integrating risk disciplines across a fast growing organization across multiple geographies.
To thrive in business today, you need to do more than meet the challenges in front of you. You need to anticipate the future, act decisively and invest wisely to achieve long-term success. Booz Allen is laser-focused on enabling our clients to succeed. Our dedicated teams understand business imperatives, combining in-depth industry knowledge with operational expertise.
The client needed a vendor risk management system that would enable and support compliance with OCC guidelines. MetricStream's solution was the ideal fit as it offered the flexibility to assess vendor risks based on a "3-pillar" approach which had been validated by the OCC.