Third-Party Risk Deep Dive: Calculating Inherent Risk

Third-Party Risk Deep Dive: Calculating Inherent Risk
Webinar Recording filed in Third Party Management , Risk Management

Join us for a session in which we discuss the importance of identifying and calculating third-party risk.

PLEASE NOTE. Certificates of Completion for CPE credit are not available for viewing of archived webinars. For GRCP holders, viewing of archived webinars will be automatically tracked and recorded in your Certification Dashboard on your Profile on the OCEG site and will count toward GRCP CPE requirements only.

When building an efficient vendor risk management program, it is critical to prioritize which vendors present the most risk. Knowledge of your third parties’ inherent risks can help increase security and performance and change the way you run your vendor risk management program. In addition, by understanding where to prioritize your time, you can invest resources in assessing and monitoring the third parties that matter most to your business. 

Learning Objectives: 

  • Learn how to develop inherent risk calculations and a scoring methodology 
  • Learn how to tier your third parties by criticality and high risk 
  • Learn how to scope and schedule vendor assessments based on inherent risk scores 


Speaker:

Ed Thomas, Senior Vice President of Marketing and Sales Operations, ProcessUnity


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