Third Party Risk Management and Vendor
Compliance Resource Center

Welcome to the Third Party Risk Management and Vendor Compliance Resource Center.

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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:

• Webcast - "Managing Delegated Entities: Ensuring Compliance and Minimizing Risks" featuring Tom Goddard and Ellen Pauley of Integral Healthcare Solutions, LLC
• Webcast - "Managing Vendor Compliance and Minimizing Third Party Risk" featuring David Keating of Alston & Bird
• On-Demand Product Demonstration of the Compliance 360 Third Party Risk Management solution.  Click here for more details and to request access to the demo.
• Article - Third-Party Risk Management: Properly Managing Compliance of Outsourced Relationships
  by Steve McGraw
• Whitepaper - "Managing Risk & Compliance Across Extended Business Relationships" by leading Compliance & Risk expert, Michael Rasmussen
• Whitepaper - Addressing Healthcare Reform with Compliance 360 (Healthcare Providers - Vol. 1.0) by Compliance 360
  
• Whitepaper - The Seven Elements of an Effective Compliance and Ethics Program by Compliance 360
  
• Solution Data Sheet - Compliance 360 Third Party Risk Management and Vendor Compliance

Third Party Risk Management and Vendor Compliance – Regulatory Guidance and other Commentary

• Guidance for Managing Third-Party Risk – Federal Deposit Insurance Corp (FDIC)
• Risk Management Principles for Third-Party Relationships – Office of the Comptroller of the Currency (OCC), U.S. Department of the Treasury
• Punishing the Penitent: Disproportionate Fines in Recent FCPA Enforcements and Suggested Improvements –
  by Bruce Hinchey

Learn More

To learn more about Third Party Risk Management and Vendor Compliance solutions from Compliance 360, please contact us.