Application to screen your third parties, order reports, and view risk dashboards.
Completing or reviewing the internal business case or other internal questionnaires.
Running high-volume or individual third-party screening and conducting false positive remediation on the results.
Sending out and reviewing third-party due diligence questionnaires and conducting relevant follow up with the third party.
Determining the appropriate level of due diligence research in line with your policies and risk appetite and reviewing the findings once complete.
Summarising any red flags identified in the vetting process and conducting supplementary in-house research to resolve any outstanding issues.
Summary and recommendations
Providing an overall risk assessment summary of your third party along with a recommended mitigation plan.