Issues in Your Third-Party Risk Management Program and How to Manage Them
July 28, 2023
In third-party risk management, you need to identify, address and resolve any vendor issues in a timely manner. If you don’t have a plan for issue management, your credit union will be left trying to resolve problems on an as-needed basis, which can increase the potential for errors and likelihood of even greater risk.
Download this eBook to better understand the basics of issue management to improve your third-party risk management program. It covers both terminology and important concepts.
Download to learn:
- The basic issues within third-party risk management
- How to manage vendor issues
- Regulatory guidance around issue management
- Vendor issue metrics and reporting
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.