ABA - American Bankers Association

10/14/2024 | News release | Distributed by Public on 10/13/2024 21:06

Third-Party Risk Management: How to Implement Ongoing Monitoring

Managing third-party risks effectively means identifying and mitigating potential issues with vendors. But what happens when those risks evolve or new ones emerge that weren't initially identified?

To navigate the dynamic landscape of third-party risks, continuous monitoring is essential. This isn't a one-time task but an ongoing process tailored to the specific risks associated with each third party.

Download the eBook to discover:

  • Essential onboarding activities before starting monitoring
  • Key questions to determine ongoing monitoring needs
  • Regular and continuous monitoring activities
  • Roles and responsibilities for ongoing monitoring
  • Best practices and tips for enhancing ongoing monitoring efforts

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