Regulatory compliance is challenging, but effective management and oversight of critical relationships throughout their lifecycle is essential for survival. The role of internal audit remains unchanged, but IA must move beyond four principles of “completeness, compliance, risk-centric, and risk-adjusted.” In this landscape of rapidly evolving threats, uncharted technologies, and increasingly complex operational ecosystems, senior management and boards must rely on IA to get ahead of the curve and help strengthen third-party risk management practices.
In this session, participants will:
Learn about current and emerging best practices in third-party risk management.
Discover how new services and technologies mean new risks in uncharted waters.
Know what senior management and the board should be asking about critical third parties.
Hear ideas and tips from those in the trenches and across the sector.
Discuss lessons learned.