Strategies to Mitigate the Cost of a Risky Third-Party Relationship

Date: Wednesday, September 27, 2017 | Time: 8 am PDT | 11 am EDT

Panelists

Manu Gopeendran
Senior Director
MetricStream

Whether your firm delivers products and services internally or through a third party, it can never outsource its’ accountability. Third-party issues and incidents like customer data breaches, service failures and disruptions can affect your firm’s reputation and consume significant time and money to remediate. An inability to manage and control third-party risk may be because third-party management is siloed, or inadequate to deal with today’s complex business ecosystems. This limits your ability to gather data, turn it into information and react to insights that can be attained about actual risk exposures and their relative importance. For effective management of third party risks, a deep understanding of the likely risk exposure, third party controls, and the impact on your organization are required. A comprehensive program and a coordinated execution strategy enable identification and mitigation of uncertainties, helping your firm avoid reputation risk, legal/regulatory exposure, fines and clean-up costs.

In this webinar, experts will provide insights on:

  • The key risk exposure from third parties
  • Understanding direct and indirect costs
  • Best practices for identifying, assessing, mitigating and controlling third party risks
  • The role of technology in an efficient and effective TPRM program

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Speaker1Linda Tuck Chapman
President
Ontala
 

Ms. Chapman, published author and popular speaker is a seasoned management consultant specializing in third-party risk and lifecycle management, optimization and governance. As a seasoned corporate executive, Linda and her team deliver unique insight, industry-leading expertise and practical solutions that really work. She is Risk Management Association’s (RMA) subject matter expert, facilitator, trainer and member of their Third Party Risk Management Roundtable Steering Committee. Ms. Chapman is an Advisory Board Member, Shared Assessment Group; Chair, Sourcing Industry Group (SIG) Thought Leaders Council and Co-Chair, Third-Party Risk Management Working Council; a long-serving Judge for Outsourcing Center’s Global Outsourcing Excellence Awards; Member, CIO Executive Leadership Council (UK); and Lecturer, Center for Outsourcing Research and Education. Linda is a regulator contributor to leading industry publications including the Wall Street Journal and RMA Journal. Her book “Third Party Management – What You Should Know”, published by RMA this fall in print and ebook. She has received special recognition from RMA, SIG and Global Sourcing Leaders. She is an ICB Fellow and Medalist, and holds an MBA (Magna Cum Laude) from Dalhousie University School of Business.

Speaker2Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.

Speaker3Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.

Speaker4Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.