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For most organizations today, the increase in outsourcing and off-shoring results in the dependence on a growing and diverse network of external business partners to make and deliver their goods and services. Utilizing these 3rd parties also exposes them to a variety of hidden risks that often result in regulatory penalties, reputational risk and negative customer impact. To assist SIG members in recognizing, finding and managing these 3rd party risks, this webinar presents practices and solutions to help any organization achieve the following objectives:
• Identify the Riskiest Third Parties in the Selection and Due Diligence Process
• Ensure Ongoing Monitoring of Third-Party Compliance Risks
• Improve and maintain effective risk and compliance programs, without adding headcount