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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-12-14T17:30:00
Companies can’t do it all in terms of managing every risk from every possible third party, panelists discussed during a session on due diligence at Compliance Week’s virtual Third-Party Risk Management (TPRM) and Oversight Summit.
To begin, businesses must define their vision and strategy, said Samira Duijnmayer, compliance manager and regulatory and financial crimes officer at Booking.com.
“Decide what’s your north star and work toward it,” Duijnmayer said. For example, if you want to mitigate bad financial outcomes, make sure to do what’s needed in the risk process to achieve that goal, she 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.
2023-02-10T14:00:00Z By Aaron Nicodemus
Respondents to a survey from Compliance Week and Dun & Bradstreet overwhelmingly indicated cybersecurity to be the most important compliance-related area affecting third-party risk management in the new year, though fraud and other risks should still be on their radar.
2022-12-15T18:00:00Z By Kyle Brasseur
Panelists discussing risk ownership at CW’s virtual TPRM and Oversight Summit share their experiences educating first-line leaders on their roles and responsibilities in the TPRM process.
2022-12-12T17:20:00Z By Aly McDevitt
A panel of experts at CW’s virtual TPRM and Oversight Summit offered a how-to primer on using data analytics to monitor third-party risk while also highlighting some caveats to implementation.
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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