Regulatory Compliance and Operational
Ensure your third parties are in compliance with both the regulatory guidance and industry best practices.
Appropriate risk-based safeguards should be in place at your third party to ensure sufficient regulatory compliance specific to the product or service they are providing to you. Performing a deep dive into the third-party’s policies and procedures and reviewing control data is an essential step to ensuring that they have the proper controls in place to protect the interests of your organization and your customers.
Our experienced third-party risk management team can review all of that for you to ensure the vendor is in compliance with both the regulatory guidance and industry best practices.
A review of your vendor’s internal policies
We send a questionnaire to your vendor to uncover and collect as much evidence as we can surrounding their internal policies. This helps you better understand how they handle their own third parties (your fourth parties) and provides an in-depth look at internal procedures, leadership and organizational controls, complaint management, regulatory compliance, online reputational research, physical security policies and human resources and training policies.
We’ll provide a concise summary with actionable recommendations, when needed, and address areas requiring remediation. Each part of the assessment scope is tied back to the relevant Control Document the vendor supplied.
Compliance with guidance
We will look for compliance with the relevant guidance, including the pillars of third-party risk management across each of the major regulatory agencies.
What It Includes
We will ensure they have proper controls in place to protect the interests of your organization and customers in the areas of:
- Corporate Oversight
- Human Resources & Training
- Regulatory Compliance
- Vendor Management
- Complaint Tracking and Performance Monitoring
- Physical Security
Download a Sample
Regulatory Compliance and Operational Assessment Sample
Our in-house third-party risk experts can help determine if your vendor's operational and regulatory compliance is satisfactory. We assess a company's policy, procedures and documentation and give recommendations for steps moving forward - all in one report!