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5 Best Practices for Streamlining Your Third-Party Risk Management Workflows

Time is a valuable resource, especially when trying to manage a third-party risk program at scale. With countless third parties to manage, hundreds of assessments to send, and even more risks to analyze, how do you keep up?

Streamlined workflows throughout the third-party risk management (TPRM) lifecycle, from onboarding to offboarding, can create a sense of order and accountability. This session will explore best practices relating to:

  • • Workflow development and accounting for abnormal situations ​
  • • Defining stakeholder roles and ensuring accountability ​
  • • Methods for improving collaboration and communication ​
  • • Metrics to track to identify workflow bottlenecks
  • Shea Hanson
    Strategic Solutions Engineer. GRCP, CTPRP, OneTrust
    Shea Hanson serves as a Strategic Solutions Engineer at OneTrust, the Trust Intelligence Platform, unlocking every company’s value and potential to thrive by doing what’s good for people and the planet. OneTrust connects privacy, GRC, ethics, and ESG teams, data, and processes, so all companies can collaborate seamlessly and put trust at the center of their operations and culture. In her role, Shea supports the OneTrust GRC & Security Cloud where she advises companies on how to analyze risk, scale compliance, and reinforce governance to uphold trusted business operations. Shea is a certified GRC professional (GRCP) designated by OCEG as well as a certified Third-Party Risk Professional (CTPRP) by Shared Assessments.
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  • Colleen Milazzo
    Senior Vice President, TPR Software Products, Shared Assessments
    Colleen leads the TPRM software team in the development of software products/tools for third party risk assurance. Colleen has over 20 years of experience within the financial services industry and consulting. She has led programs associated with risk management, procurement/contract negotiation, mergers and acquisitions, and business process reengineering. She has regulatory and global experience executing portfolios to meet the corporate strategy.
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