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Third Party Risk Management and Vendor Compliance Resource Center
Welcome to the Third Party Risk Management and Vendor Compliance Resource Center.
This portal is provided by Compliance 360 to help organizations gain a clear
understanding of the current requirements and learn about practical solutions
for Third Party Risk Management and Vendor Compliance.
Third Party Risk Management and Vendor Compliance is rapidly growing in importance as organizations increasingly turn to outsource providers to reduce operating costs and increase their focus on core competencies. Amid the benefits of outsourcing, there lies a significant risk. Simply stated, liability cannot be outsourced.
Compounding this dilemma, regulators including OIG, OCC, FFIEC and others are increasing their focus on potential third party risks. They want to see organizations proactively identifying potential risks, verifying that business partners providers and their employees are compliant, monitoring for changes that might create new risks or compliance gaps, and managing the investigation and remediation of incidents.
To learn more about managing compliance and third party risk with your vendors and other delegated entities, Compliance 360 offers the following resources:
Third Party Risk Management and Vendor Compliance – Regulatory Guidance and other Commentary
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