Shared Assessments Introduces 2019 Third Party Risk Management Toolkit Updates
Summary
The Shared Assessments Third Party Risk Management Toolkit was built by the member community, leveraging the collective intelligence of diverse practitioners, and spanning industries and perspectives. Due to the pace and volume of vendor arrangements at most organizations, standardization is key to managing third party risk efficiently and effectively, but flexibility and customization are also often necessary. The VRMMM’s eight categories are: Program Governance; Policies Standards, and Procedures; Contract Development, Adherence, and Management; Vendor Risk Assessment Process; Skills and Expertise; Communications and Information Sharing; Tools, Measurement, and Analysis; and Monitoring and Review. As the only organization that has uniquely positioned and developed standardized resources to bring efficiencies to the market for more than a decade, the Shared Assessments Program has become the trusted source in third party risk assurance. Join the dialog with peer companies and learn how you can optimize your compliance programs while building a better understanding of what it takes to create a more risk sensitive environment in your organization.