EVENT

October 15, 2020

KPMG 2020 FS Third party risk management share forum

Virtual event

Greg Matthews

Greg Matthews

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

+1 212-954-7784

KPMG proudly hosted our seventh annual FS Third Party Risk Management (TPRM) share forum as a modified half-day virtual session to provide attendees with many of the same benefits that they had become accustomed to over the previous six years—industry-led panel discussions and breakout sessions that allow tailoring to individual interests.

Our focus was on how TPRM programs are adjusting in the wake of COVID-19, while also becoming more resilient and sustainable due to stronger E.U. and U.K. regulations.

Agenda

Time

Session

11:00am – 12:00pm

Introductory general session: TPRM in the new reality – Panel led discussion focused on how TPRM programs were effected by the Covid outbreak, what changes have been made and what the future trends in TPRM could be as a result of this.

Moderator

  • Greg Matthews, Partner, FS Regulatory & Compliance Risk, KPMG LLP

Panelists

  • John Gilbride, Head of TPRM Strategy & Program Management, Morgan Stanley
  • Henry Marquiss, Senior Vice President, PNC Bank
  • Michael Rivas, Head of Third Party Risk Management, DTCC
Related insights
 
 

12:00pm - 2:00pm

Breakouts

1 hour sessions; choice of two sessions

Global Requirements in TPRM – A KPMG subject matter professional (SMP)-led discussion around the U.K. Prudential Regulation Authority (PRA) and EU TPRM and operational resiliency requirements and how firms are addressing these.

Presenters

  • Rohit Nag, Senior Manager, FS Technology Risk, KPMG UK
  • Jon Dowie, Partner, FS Technology Risk, KPMG UK
 

Cyber Risk and TPRM  A KPMG SMP-led discussion around Third-Party Security. The session will focus on the current third-party security ecosystem and the future of third-party security. This will include helping to identify the cyber relevant risks that should be considered when contracting with a supplier and what the cyber implications are from an on-going monitoring perspective.

Presenters

  • Jonathan Dambrot, Principal, Cyber Security Services, KPMG LLP
  • Charlie Jacco, Principal, Cyber Security Services, Financial Services Industry Lead, KPMG LLP
 

Sustainable risk assessments – A KPMG SMP-led discussion on Hi-Fidelity Intelligence: How to contextualize data for faster, more actionable TPRM. Reliance on third parties to help provide perspective is rapidly increasing. Meanwhile, the downside cost of losing sight of the integrity of your third parties is rapidly increasing. Organizations have started aggressively collecting large amounts of data. Yet, many organizations have discovered that unstructured Big Data provides very little actionable insights.

Presenters

  • Tarun Sondhi, Principal, Advisory, On Demand Services, KPMG LLP
  • Bob Parr, Principal, Chief Data Officer, KPMG LLP
 

Procurement  A KPMG SMP-led discussion covering the dependencies between procurement and TPRM programs including better practices, combined technologies and clarification of roles and responsibilities.

Presenters

  • Femi Obi, Principal, Advisory Market Leader, New England & Upstate New York, KPMG LLP
  • Robert Boll, Director Advisory, Procurement & Business Services, KPMG LLP
  • Chris McClory, Director, Procurement and Business Services
 
2:00pm – 3:00pm

Closing general session: Making TPRM sustainable  A KPMG SMP-led discussion around how firms are driving improvements to their TPRM programs to increase sustainability, focused on: program uplift, process enhancement, and using enhanced methodology.

Moderator

  • Greg Matthews, Partner, FS Regulatory & Compliance Risk, KPMG LLP

Panelists

  • Stephanie Gray, Senior Vice President, Procurement Strategy & Enablement Executive, Bank of America
  • Gregg Goldman, Global Head of Regulatory & Policy in Third Party Risk Management, UBS
  • Marie France Weiler, Vice President, Corporate Risk, Discover
Related insights
 
 


Seen at the share forum

As a virtual event, there are were no limits on number of attendees. Invitees were encouraged to extend their invitations to colleagues. CPE credits were available to attendees of the live event. 

The share forum benefited:

  • TPRM program leaders and their teams in both the first and second line
  • Relationship managers that want to get a better sense for what TPRM is and current trends
  • Risk oversight practitioners focused on managing third parties
  • Internal auditor focused on auditing TPRM Programs