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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-11-15T20:20:00
Meeting regulatory requirements should be a starting point—not an end point—when it comes to third-party risk management.
Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, said Ja’Vaughn Jones, director of vendor risk management at healthcare company Kaiser Permanente, during a panel on TPRM integration at Compliance Week’s virtual Third-Party Risk Management and Oversight Summit.
When setting up a risk management program, start by getting buy-in from leadership and stakeholders, including any departments involved in the vendor process, said Chris Phillips, vice president of procurement and vendor risk for Lendmark Financial Services. The support of senior executives will help with implementing the program throughout the organization and counteract resistance, Phillips said.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2024-05-08T15:48:00Z By Jeff Dale
Identifying critical measures for third-party risk management has become vitally important as risk professionals face an uphill battle in fighting for resources, experts discussed at Compliance Week’s 2024 National Conference.
2024-04-11T20:38:00Z By Aaron Nicodemus
There is no magic wand compliance professionals can wave to promote a strong risk culture within their organizations, experts discussed at Compliance Week’s 2024 National Conference.
2023-12-11T15:30:00Z By Kyle Brasseur
Managing directors at KPMG share how firms are making strides in building robust third-party risk management programs for the future.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
2024-06-20T15:40:00Z By Aaron Nicodemus
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
2024-06-07T22:34:00Z By Adrianne Appel
Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.
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