Have you done a risk assessment?
In celebration of Venminder’s recent Risk Assessment 2.0 software release, we thought it would be the perfect time to offer all our vendor risk management friends this whitepaper on writing an effective risk assessment.
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If you’ve worked in third party risk management for any period of time, you’ve certainly been asked, “Have you done a risk assessment?”
Whether writing one for the first time or the thousandth time, it can be a daunting task but essential to fulfilling one of your obligations in the regulatory guidance on effective risk management. Even more importantly, it’s really the backbone that informs your ongoing risk management of all your third parties.