Working and Awareness Groups

Shared Assessments members are a community of national and international industry leaders and risk management professionals whose thought leadership has collectively brought Shared Assessments to the forefront of third party risk management practices.

CONTINUOUS MONITORING WORKING GROUP

Meets bi-monthly, 3rd Tuesday, 11:00am-12:00pm ET

This group identifies and documents best practices for continuous monitoring, focusing on people, process, and technology considerations. Key areas of inquiry include predictive forecasting, controls, and agile response processes that include cyber, financial, location, and other key indicators. Proliferation of new technology solutions is having a profound effect on the TPRM environment, given the increasing size, complexity, and integration of new technologies and heightened risk exposure across third party and supply chain ecosystems. Members are focused on best and emerging best practices in this arena in response to the shifting threat environment.

Note: For Shared Assessments members only

REGULATORY COMPLIANCE & AUDITS AWARENESS GROUP

Meets bi-monthly, 2nd Thursday, 11:00am – 12:30pm ET

This group examines the quickly evolving and ever more complex regulatory landscape. The overall compliance/audit environment is seeing changes in key areas affecting outsourcing relationships. Topics dominating the regulatory discussion papers and recent regulations include cloud, IoT, concentration risk, complex supply chains, resilience, inventories, due diligence access, and how those rules harmonize or diverge globally.

 

This group regularly invites speakers on relevant topics, and as thought leaders, publishes member-driven white papers on regulatory-related topics. It also reviews, discusses, and where appropriate responds to, draft third party regulatory guidance and rules. Where appropriate, the group makes recommendations for the TPRM Toolkit enhancements and participates in developing papers, blogs, and other resources pertinent for third party assessment tools that address consumer protection, operational risk, and regulatory compliance monitoring.

 

Note: For Shared Assessments members only

BEST PRACTICES FOR THIRD PARTY RISK MANAGEMENT & ASSURANCE AWARENESS GROUP

Meets bi-monthly, 2nd Wednesday, 11:00am – 12:30pm ET

This group examines challenges organizations face in managing third party risk and identifies existing best and emerging practices. Examples of previously examined topics include:  complex supply chains; fourth party management; third party contract development, adherence and management; risk rating; and assessment scoping. The work product of this group includes briefing and white papers, practitioner guidelines, industry call to action pieces, and blogs that enhance TPRM practice. The group coordinates with the tool development committees when appropriate. 

Note: For Shared Assessments members only

EMERGING TECHNOLOGY WORKING GROUP
Meets bi-monthly, 2th Tuesday & 11:00am – 12:30pm ET

Advances in technology can fuel heightened productivity, important product development and enhance the ability to meet business objectives. New and emerging technologies supporting digital transformation across all sectors are rapidly changing the risk landscape for organizations and third parties. This group will examine the enabling, integration, challenges, opportunities and solutions posed by emerging technologies including: Internet of Things, Machine Learning, Artificial Intelligence, Cloud, 5G, Distribute Ledgers (Blockchain), Cryptocurrencies, …

Note: For Shared Assessments members only

Vertical Strategy Groups

Open to Shared Assessments Members and Non-Members – restrictions are noted.

In our continuing effort to meet the needs of our diverse Shared Assessments membership, we have created specific Vertical Strategy Groups (VSGs). As additional VSGs are added, members will be invited to participate.

Who serves on Vertical Strategy Groups? 

Members and non-members or Shared Assessments are welcome to participate in our VSGs to ensure we are taking a comprehensive look at the needs of specific verticals. Non-member participation is limited to one year and no other benefits of membership, including access to the TPRM Toolkit, are provided.

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.
FINANCIAL SERVICES VERTICAL STRATEGY GROUP

Meets bi-monthly, 2nd Thursday, 4:00pm-5:30pm ET

This group nurtures a trusted network of Asset Management and Financial Institution industry professionals who deal with key business processes related to the management of third parties, including but not limited to governance, procurement, third party risk, finance, control validation, and policy. Group members collaborate and address challenges, risk trends, regulatory changes, technology solutions and best practices related to the third party lifecycle.

 Note: Non-members of Shared Assessments are welcome to participate for one year in this group. No other benefits of Shared Assessments membership will be conveyed through non-member participation.

INSURANCE VERTICAL STRATEGY GROUP

Meets bi-monthly, 3rd Thursday, 10:30am-12:00pm ET

The goals of this group include exchanging ideas, sharing best practices and identifying collaboration opportunities related to insurance-specific TPRM needs. Group members recognize the expanding risk landscape, complexity of nth party relationships, impact of climate changes to complex supply chains, and regulatory requirements for insurance firms.

Note: Non-members of Shared Assessments are welcome to participate for one year in this group. No other benefits of Shared Assessments membership will be conveyed through non-member participation.

Cross Vertical Strategy Groups

    ESG (ENVIRONMENTAL, SOCIAL, and GOVERNANCE) TPRM STRATEGY GROUP

    Meets bi-monthly, 3rd Thursday, 10:00am-11:30am ET (3:00pm – 4:30pm GMT)

    This group will focus on mature third party risk management sustainability practice in today’s fast paced ESG arena. This committee seeks participants from all organizations with an ESG third party risk agenda, no matter what level of ESG TPRM experience an entity has under its belt.

    We expect the ESG Committee to have an educational focus, informing members about ESG frameworks, policies, metrics, procedures, regulations, etc. This group will provide:

    • A forum for participants with extensive experience to share their insights with those organizations just beginning their ESG journeys.
    • Outside experts who will share their experience and insights to provide essential sustainability context.
    • ESG input to SA’s Content Governance Committee, which will ensure that sustainability updates to all Shared Assessments tools meet and exceed member expectations.
    • Input into the development of Shared Assessments’ ESG agenda, including educational offerings.

    Please take this important opportunity to join one of the few groups specifically focused on optimizing ESG TPRM practice. 

    Note: Non-members of Shared Assessments are welcome to participate in this group for one year. No other benefits of Shared Assessments membership will be conveyed through non-member participation.

    PROCUREMENT & SOURCING STRATEGY GROUP

    Meets bi-monthly, 4th Wednesday, 10:00am – 11:00am ET (3:00pm – 4:30pm GMT)

    This group identifies and documents best practices for establishing relationships, centralizing a vendor inventory/registry, and streamlining the vendor onboarding process focusing on people, process, and technology considerations. Key areas of inquiry include relationship building with the various departments interfacing with third party risk management, central predictive forecasting, controls, and agile response processes that include cyber, financial, location, and other key indicators. The partnership between third party risk management, procurement, and the business unit is paramount to allowing new and existing vendor relationships to operate and flourish in a secure manner. Members are focused on existing and emerging best practices in this arena in response to the shifting threat environment.

     

    Note: Non-members of Shared Assessments are welcome to participate for one year in this group. No other benefits of Shared Assessments membership will be conveyed through non-member participation.

    UK-EU TPRM STRATEGIES GROUP
    Meets bi-monthly, 4th Thursday, 3:00pm – 4:30pm GMT+1 (10:00am-11:30am ET)

    This group focuses on the existing and emerging challenges that organizations are experiencing in managing third party risk in this region and worldwide. Participants examine and document existing successful strategies in use today and identify emerging best practices to address TPRM challenges. Topics of focus include operational resilience and cascade risk, including stability of supply chain, financial ratings, and related top of mind issues. Coordination with other Shared Assessments committees occur where appropriate to achieve a broader perspective. Examples of deliverables by this group include briefing papers, industry call to action pieces, practitioner guidelines and checklists, and other resources that enhance the practice of third party risk management.

    Note: Participation is invited from the practitioner to the organization TPRM lead in these regions. Non-members of Shared Assessments are welcome to participate for one year in this group. No other benefits of Shared Assessments membership will be conveyed through non-member participation.

    Tool Development Committees

    The Tool Development Committees ensure that the Shared Assessments standardized TPRM Toolkit (SIG, SCA, Privacy and VRMMM) is relevant, thorough and responds to a range of new and emerging U.S. and international guidelines for privacy, information, data security, and business continuity.

      STANDARDIZED INFORMATION GATHERING (SIG) COMMITTEE

      Meets monthly, 4th Thursday, 12:00pm ET

       The SIG Committee is responsible for developing the content and functionality of the SIG Questionnaire Tools. The SIG Questionnaire Tools are a set of comprehensive questionnaire management tools that lets organizations build, customize, store, and automatically analyze questionnaires and related evidence. The committee’s goal is to ensure the SIG Questionnaire Tools are always relevant to diverse industries and current with the latest industry regulations, standards and leading practices as the Tools relate to information and cyber security, data governance, resiliency, risk management, and other technology and compliance matters. The SIG Committee maintains alignment with these external references and the rest of the Third Party Risk Management Toolkit.

      DATA GOVERNANCE COMMITTEE

      Meets monthly, 3rd Wednesday, 11:00am ET

       The Data Governance Committee (formerly Privacy) will address challenges with specific data protection obligations in third party risk that organizations face in managing data governance risks and compliance by communicating changes in domestic and international data regulations. Given the pace and complexity of data protection regulations, Data Governance Committee will navigate and address data governance in third party relationships. The Data Governance Committee will continue to grow by including the requirements from various privacy regulations and framework updates, including CCPA.  In doing this the committee will be responsible for developing the content and functionality of the TPRM Toolkit components that are related to Data Governance management, including GDPR Privacy Tools and privacy section of the SIQ Questionnaire and SCA Procedures.  The Data Governance Committee will also host presentations and produces briefing papers, blogs and other publications on topics of interest relevant to Data Governance.

      STANDARDIZED CONTROL ASSESSMENT (SCA) COMMITTEE

      Meets monthly, 3rd Tuesday, 12:00pm ET

       The SCA Committee is responsible for developing the content and functionality of the SCA Procedure Tools, which assists risk professionals in performing effective and efficient onsite or virtual assessments of vendors using standardized methods and procedures. The SCA Committee ensures the content of the SCA is relevant and accurate by examining and discussing changes to regulations, industry standards and guidelines, and updating SCA content as needed. Committee members also maintain alignment with those external documents and with the other components of the Third Party Risk Management Toolkit.

      VENDOR RISK MANAGEMENT MATURITY MODEL (VRMMM) COMMITTEE

      Meets monthly, 3rd Thursday, 12:00pm ET

      The VRMMM Committee is responsible for developing and updating the content and functionality of the VRMMM Benchmark Tools. The VRMMM Benchmark Tools incorporate the most essential vendor risk management practices into an actionable model that can be leveraged to assess the current and desired future state of an organization’s vendor risk management program. Practitioners can utilize the VRMMM to make well-informed decisions on how to spend limited resources in ways that allow them to most effectively manage vendor-related risks. The VRMMM Committee ensures benchmarking tools and surveys maintain relevance for diverse industries and reflect the most current Third Party Risk Management regulations, standards and leading practices.

      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.

      Program Level: Basic

      Delivery Method: Group Internet-Based

      CPEs Earned for Completion: 1*

       *exact CPEs earned per meeting is 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, click button below, or email info@santa-fe-group.com