Third Party Risk Management

Over the years, you've likely been asked to provide due diligence documentation, respond to questionnaires and provide reporting to assert compliance with expectations for your clients or prospects. As the regulatory expectations over financial institutions have increased, you've felt the pinch of the requirements being forced from them to you.

Many financial service providers now require their service providers to have their own third party risk management - usually added within your contract. It's the cost of doing business with a financial institution nowadays.