Insight

Evolving vendor, operational and strategic risks

Third party risk management

Greg Matthews

Greg Matthews

Partner, FS Regulatory & Compliance Risk , KPMG US

+1 212-954-7784

Risks with third parties poses increasing risks for many companies. In this article, featured in Risk & Compliance Magazine, KPMG leaders discuss third party risk management (TPRM) with a focus on evolving vendor, operational and strategic risks.

Through a question and answer session, KPMG professionals provide their point of view on the following topics:

  • An overview on vendor, operational and strategic risk and how it has evolved
  • The role of new business relationships in TPRM
  • The types of third parties that pose the greatest risks
  • How companies can create a robust TPRM program
  • The specific challenges and risk companies face when doing business with third parties
  • The steps necessary to terminate a third-party relationship in a way that reduces disruption and risk
  • The role of TPRM as companies seek business opportunities abroad.