Back to Third-Party Risk Management: Driving Enterprise Value
Hundreds, thousands, or tens of thousands of third-party relationships power your institution every minute of every day. Done well, third-party relationships deliver what you contracted for while bringing more opportunities to innovate. But they also expose your institution to additional cyber, business continuity, BSA-AML, and model risks. In Third-Party Risk Management: Driving Enterprise Value, author Linda Tuck Chapman provides a guide to optimizing third-party due diligence, controls, and monitoring so your institution can maximize value from the “mini operational and cultural ecosystems” that are third-party relationships.
Linda Tuck Chapman is a recognized subject matter expert, trusted advisor, educator, and popular speaker. She is President, Ontala Performance Solutions Ltd., and has served as Chief Procurement Officer for BMO Financial Group, Fifth Third Bank, and Scotiabank Group. She is former CEO, Ontario Education Marketplace, and has held leadership roles in the financial services sector. Linda’s thought leadership is strengthened by active engagement in executive networks and professional associations, and is frequently profiled in industry-leading publications such asThe RMA Journal, The Wall Street Journal,and Outsource.
The book consists of three parts:
Part 1 – Driving Total Alignment
Part 2 – Key Drivers of Inherent Risk
Part 3 – Driving Best Value
Praise forThird-Party Risk Management: Driving Enterprise Value
“It feels like every day you read a newspaper or go online there’s another security breach that has been identified. The reality is the threat landscape is evolving exponentially and the sophistication of bad actors continues to grow at an alarming pace. As a company you are only as strong as your weakest link. The weakest link might be a critical third party, unless you are providing the appropriate amount of risk management and governance.Third-Party Risk Management: Driving Enterprise Valueprovides an insightful and informative view of the reasons why effective risk management of third parties is a business imperative, and what companies must consider to successfully manage this critical part of their business.”
Peter Hill, Chief Risk Officer, Black Knight, Inc.
“Linda’s years as a senior-level practitioner and advisor give her a unique perspective and deep expertise. In this book, Linda takes a vast number of rules and regulations and makes them understandable, applicable, and implementable. Her perspective on the millennial generation and how they create an entirely new layer of complexity to risk management is eye-opening and should be carefully read by all sourcing professionals. In this unique time where boomers are leaving the workforce and millennials are taking on larger roles, this knowledge couldn’t be timelier. In addition, the real-life examples provided throughout the book add a layer of insight that can’t be found elsewhere. Linda creates the roadmap we all need to engage in our formidable journey to mitigate risk.”
Dawn Tiura, President and CEO, Sourcing Industry Group