opportunities to address global risk management challenges
Shared Assessments offers opportunities for members, product subscribers, and non-members alike to address global third-party risk management challenges through our committees. Committees shape the industry by enhancing the Shared Assessments Third-Party Risk Management Product Suite and driving best practices through the development of papers, studies, and blogs.
Our community understands the value of leveraging the collective knowledge of their risk management peers to develop and manage best-in-class third-party risk management programs. Our committee participants are leaders in their industries and integral to our global community of risk management professionals.
COMMITTEE PARTICIPANT AND MEMBERSHIP LEVEL DEFINITIONS
Recommended knowledge and membership levels for each committee are described below. (Members are welcome to join any committee regardless of their current position or expertise in third-party risk management.)
Fundamental: For those new to risk management. Peer-to-peer discussions are based on the foundational principles of third-party risk management.
Intermediate: For those with more knowledge or skill in third-party risk management than a beginner and who have mastered the basic concepts.
Advanced: A peer-to-peer environment for senior risk managers, professionals, and experts to examine complex, emerging, and cascading risks.
Members Only: This indicates the committee is open to members of Shared Assessments only.
Members and Product Subscribers Only: This indicates a committee is open to members, and product subscribers of Shared Assessments only.
Members, Product Subscribers, and Non-Members*: This indicates a committee is open to members and product subscribers of Shared Assessments and the wider risk management community (non-members). (*Non-members of Shared Assessments are welcome to participate for one year in these groups. No other benefits of Shared Assessments membership will be conveyed through non-member participation.)
Focus Area Committees
AI & EMERGING TECHNOLOGY COMMITTEE
Meeting Schedule: Bi-monthly, 4th Tuesday at 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Membership: Members Only
Participation Level: Intermediate
Lead: Chris Johnson, Senior Advisor
Newsletter: Emailed bi-monthly to committee members
This group meets via an open forum allowing for active engagement and discussion of relevant topics. Participants examine integration, challenges, opportunities, and solutions posed by emerging technologies including Machine Learning, Artificial Intelligence, Cloud, 6G, Distributed Ledgers (Blockchain), and Cryptocurrencies.
Advancements in technology fuel productivity that supports digital transformation and business objectives. New technologies across all sectors are rapidly changing the risk landscape for organizations and third parties/supply chain ecosystems.
This group invites member organizations specializing in emerging technologies such as Cryptocurrencies and Artificial Intelligence to present to the committee. Participants are encouraged to submit emerging technology topics relevant to TPRM for discussion.
REGULATORY COMMITTEE
Meeting Schedule: Quarterly and ad hoc as needed, 2nd Thursday at 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Membership: Members Only
Participation Level: Advanced
Lead: Gary Roboff, Senior Advisor
Today’s risk, regulatory, and audit environments are seeing rapid changes affecting key outsourcing relationships. For example, new Artificial Intelligence regulations are emerging at state, national, and regional levels and are interacting with other recently revised statutes, such as data governance (privacy) requirements, in unexpected ways. International jurisdictions are continuing to tweak outsourcing codes (for example, in the United States and the United Kingdom), and sustainability requirements in key regions are evolving quickly.
Committee participants discuss current and proposed international regulations, guidelines, and standards. A special focus this year will address member implementation challenges from likely U.S. banking regulator’s requirements for assessing and mitigating risks from critical third parties, and the increasingly important focus on supply chain risks beyond the third party. Additional topics examined by this committee include cloud, IoT, concentration risk, resilience, inventories, due diligence access, and how regulatory approaches to these topics harmonize (or diverge) globally.
This group invites speakers on relevant topics and as thought leaders, publishes member-driven briefing papers and blogs on regulatory subjects. It also reviews, discusses, and responds to draft third-party regulatory guidance and rules from state, federal, and international regulators. Where appropriate, the group makes recommendations for Shared Assessments Product Suite enhancements and participates in developing resources pertinent to third-party risk addressing consumer protection, operational risk, regulatory compliance monitoring, and auditing.
Products Development Committees
Products Development Committees ensure that Shared Assessments Third-Party Risk Management Product Suite is relevant, thorough, and responsive to a range of new and emerging U.S. and international guidelines for privacy, information (cyber) and data security, and business continuity.
The Shared Assessments TPRM Product Suite has maintained its status as the industry standard for third-party risk assurance because these solutions are maintained by the very risk professionals who specialize in third-party risk management issues.
Products Development Committee members influence product design and content. As risk professionals and subject matter experts, Products Development Committee members have broad experience in enterprise risk management, internal audit, operational risk and compliance, and data governance, from a wide range of industries.
PRODUCTS DEVELOPMENT COMMITTEE
Meeting Schedule: Monthly, 4th Thursday, 12:00pm – 1:00pm ET (5:00pm – 6:00pm GMT)
Membership: Members and Subscribers Only
Participation Level: Advanced
Lead: Kelcey Reed, SVP, Technology Product Officer
The Products Development Committee is responsible for the management and development of new product concepts, ideas, existing and new content and the functionality of solutions in the Shared Assessments’ Product Suite.
This committee strives to ensure all features and content within the products adhere to current local, state, federal, national, and international rules, laws, regulations, technological standards, and frameworks. Furthermore, the committee ensures the products are updated to meet new and changing risk areas as the lifecycle of third-party risk management evolves.
Industry And Cross-Industry Committees
In a continuing effort to meet the needs of our diverse Shared Assessments membership, we have created our industry and cross-industry committees. Experienced executives facilitate industry community discussions of the most pressing Third-Party Risk Management (TPRM) challenges and seek to:
- Serve as a forum for identifying, understanding, and supporting TPRM programs.
- Address the expanding frequency/scope of control assessments, including risks associated with cybersecurity, information security, business resiliency, physical security, and operational procedures.
- Develop and publish targeted blogs, white papers, and other best practices resources.
- Improve industry opportunities for TPRM efficiencies and cost savings.
Industry Committees
FINANCIAL SERVICES COMMITTEE
Meeting Schedule: Bi-monthly, 2nd Thursday, 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Open To: Outsourcers only
Membership: Members Only
Participation Level: All Levels
Lead: Jen Hancock, SVP Professional Development & Education
This group fosters a vibrant community of Asset Management and Financial Institution professionals, dedicated to sharing experiences and insights. Our members collaborate to tackle challenges, explore risk trends, adapt to regulatory changes, and share best practices. Focus areas include program governance, policies, and methodologies as well as lifecycle activities such as sourcing, due diligence, control validation, and performance monitoring.
This committee welcomes guest presenters to discuss the latest trends and developments in the financial services industry, enriching our collective knowledge and strengthening our network.
HEALTHCARE COMMITTEE
Meeting Schedule: Bi-monthly, 4th Tuesday at 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Open To: Health Sector Stakeholders
Membership: Members Only
Participation Level: All Levels
Lead: Chris Johnson, Senior Advisor
Newsletter: Emailed bi-monthly to committee members.
This committee exchanges ideas, shares best practices, and identifies collaboration opportunities related to the TPRM needs of the Healthcare sector. Areas of interest include, but are not limited to, regulatory requirements, emerging technology, program governance, and procurement.
INSURANCE COMMITTEE
Meeting Schedule: Bi-monthly, 3rd Thursday, 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Open To: Insurance (Property, Casualty, and Life) Firms Only
Membership: Members Only
Participation Level: All Levels
Lead: Chris Johnson, Senior Advisor
This committee exchanges ideas, shares best practices, and identifies collaboration opportunities related to insurance-specific TPRM needs. Areas of interest include, but are not limited to, the complexity of Nth party relationships, the impact of climate change on complex supply chains, regulatory requirements for insurance firms, the complexity of assessing risks surrounding their client product offering(s), and additional assessments of existing service providers including agents, brokers, and managing general underwriters (MGU).
Cross-Industry Committees
BEST PRACTICES COMMITTEE
Meeting Schedule: Bi-monthly, 4th Thursday at 10:00am -11:00am ET (3:00pm – 4:00pm GMT)
Membership: Members, Product Subscribers, and Non-Members
Participation Level: All Levels
Lead: Rhonda Cook, Senior Advisor
This committee examines the challenges organizations face in managing third-party risk and identifies existing and emerging best practices. Examples of previously examined topics include complex supply chains, fourth-party management, third-party contract development, risk rating, and assessment scoping.
The output of this group includes industry briefing and white papers, practitioner guidelines, industry call-to-action pieces, and blogs that enhance TPRM practice. This group coordinates with other Shared Assessments committees when appropriate.
(Note: non-member participation is limited to one year and no other benefits of membership, including access to the Shared Assessments TPRM Product Suite, are provided.)
FOUNDATIONS COMMITTEE – Launches April 2, 2025
Meeting Schedule: Monthly, 1st Tuesday at 11:00 am – 12:00 pm ET (4:00pm – 5:00pm GMT)
Membership: Members, Product Subscribers, and Non-Members
Participation Level: Fundamental
Lead: Jen Hancock, SVP Professional Development & Education
The Foundations Committee focuses on the fundamentals of third-party risk for those in the early stages of their careers, who have recently become practitioners, or who are considering a new career path in third-party risk.
This committee provides a platform for networking, experience sharing, and practical skill building. Members will delve into essential components needed for a strong TPRM program, collaborate to tackle challenges, and gain confidence in using products and solutions to more effectively identify and manage third party risks.
Enhanced Learning and Skill Development: By sharing real-world practices and activities, Foundations Committee members will gain practical insights and hands-on experience, which can significantly improve their understanding and skills in practicing third-party risk management activities throughout the lifecycle.
- Prepare for success in the CTPRP and CTPRA course/exam.
- Prepare participants to engage more actively in other committees.
- Gain an understanding of how Shared Assessments products and content can assist in executing your TPRM activities.
(Note: non-member participation is limited to one year and no other benefits of membership, including access to the Shared Assessments TPRM Product Suite, are provided.)
PROCUREMENT & SOURCING COMMITTEE
Meeting Schedule: Bi-monthly, 4th Wednesday at 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Membership: Members Only
Participation Level: All Levels
Lead: Jen Hancock, SVP Professional Development & Education
This group fosters a dynamic community of sourcing and procurement professionals dedicated to sharing experiences and insights on third-party risk management. We emphasize creating harmonization with third-party risk functions and business partners at every level of the organization to ensure cohesive operations.
This committee collaborates to identify best practices and tackle challenges in streamlining the third-party lifecycle, including sourcing, contract lifecycle, agile response processes such as inventory management, program compliance metrics, related policies, and risk methodologies.
This committee welcomes guest presenters to discuss the latest trends, use cases, and regulatory changes and share best practices.
SUSTAINABILITY COMMITTEE
Meeting Schedule: Meets Bi-monthly, 3rd Thursday at 11:00am – 12:00pm ET (4:00pm – 5:00pm GMT)
Membership: Members Only
Participation: All Levels
Lead: Rhonda Cook, Senior Advisor
Participants focus on how to incorporate sustainability considerations into Third-Party Risk Management (TPRM) programs. Participants from all organizations with an interest in sustainability, corporate social responsibility, and Environmental, Social, & Governance (ESG) considerations, regardless of level of TPRM experience, are welcome.
The committee has an educational focus, informing members about evolving sustainability frameworks, policies, metrics, procedures, regulations, etc., in the context of TPRM. It is a forum for individuals from mature organizations with extensive experience to share their insights with those organizations just beginning their sustainability journeys. Outside experts are occasionally brought in to share “best practices” related to their organization’s sustainability, corporate social responsibility, and ESG journey.
Additionally, input from this group is considered in developing Shared Assessments Products, including the SIG, SCA, and VRMMM.
ADDITIONAL INFORMATION
We do give CPEs for attending Committee Meetings.
No prerequisite knowledge is required to participate in Committee Meetings
No advance preparation is required.
Delivery Method: Group Internet-Based
CPEs Earned for Completion: 1*
*Exact CPEs earned per meeting are subject to change. You must attend for the entire duration to be eligible to receive CPE credits. We do not issue partial credit. CPEs are automatically issued based on our attendance data to the name and email address used to attend the call. Please note it can take up to 30 days for the CPE credit(s) to be issued.
To Participate
To participate in any of these committees or groups, email SACommittees@sharedassessments.org.