We work with you to build your third-party compliance programme workflow including the development of scored questionnaires, bespoke risk-proportionate workflows, a matrix for risk assessment, and determining roles and points of escalation, all aligned to your objectives.
We manage and assist with the roll out and ongoing running of your compliance programme. From internal training, carrying out third-party compliance steps, and ordering/managing screening and due diligence reports, to sending/reviewing questionnaires and conducting third party interviews.
We provide supplementary expert analysis of your screening and due diligence report findings and make your compliance processes actionable. We offer risk assessments and mitigation plans to bridge the gap between the information gathered from the vetting process and offering next steps for your third-party review and management process.
We advise and take actions to remediate and manage the risks identified with your third parties. We provide a tailored programme that can include anything from: third-party compliance training/ monitoring; reviewing/ advising on TPRM systems or ABC policy; conducting further research; reference checks or on-site compliance audits; to leveraging Control Risks wider Third-Party Risk Management experts.