Insight

Pursuing sustainability in third party risk management

Helping financial services organizations tackle persistent third-party risk management challenges

Greg Matthews

Greg Matthews

Partner, FS Regulatory & Compliance Risk , KPMG U.S.

+1 212-954-7784

2020 is the time for financial services (FS) organizations to pick up the pace for tackling persistent third-party risk management (TPRM) challenges.

In this paper, we help orient third-party risk management leaders on where to start on the race to sustainable TPRM. We have prioritized the top 10 third-party risk management mile markers for sustainable TPRM. These include both near-term goals for program uplift and process optimization that are realistic for achievement in 2020 and longer-term initiatives for innovation and TPRM transformation. We offer leading practices for achieving each of the top 10 third-party risk management mile markers in the form of an executive checklist