Basics of Developing Metrics in Your Third-Party Risk Management Program
June 30, 2023
Being able to develop key metrics for your credit union’s third-party risk management platform is essential in evaluating a vendor’s health and stability. Developing these third-party risk metrics will help discover areas that may need improvement, as well as the effectiveness of your processes.
In order to help you better understand how to develop your credit union’s third-party risk management program metrics, here’s a short educational infographic.
Download this infographic to learn:
- Examples of third-party risk management goals and accomplishments you may want to consider
- Third-party risk management metric considerations
- How using good metrics can benefit your credit union
Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.
Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.