Webinar
TPRM – Best Practices for Calculating Inherent Risk
Description
Fact: Inherent risk is the most critical calculation in Third-Party Risk. When building an effective and efficient TPRM program, it's critical to understand which vendors, suppliers and business partners are most critical to your business operations, and which ones present the most risk. In times where TPRM resources are stretched thin, inherent risk helps your team prioritize which third parties get assessed, when they get assessed, and what's in scope.
Join this webinar for expert advice and best practice on how to calculate inherent risk and put it to work for your program.
Attendees will learn how to:
- • Develop inherent risk calculations and a scoring methodology
- • Tier your third parties by criticality and high risk
- • Scope and schedule assessments based on inherent risk scores
- • Leverage inherent risk ratings from assessment exchanges, data science and crowdsourcing
- • Prepare for next-generation inherent risk powered by artificial intelligence
Don't miss your opportunity to benchmark your program against industry best practices. Register for your seat today.
Speakers:
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Ed ThomasSVP, ProcessUnityEd Thomas is a Senior Vice President at ProcessUnity, with an extensive background in Third-Party Risk Management. A seasoned expert in the field, Ed has years of experience guiding organizations on their journey to establish efficient and effective risk management programs. Combining his deep industry knowledge with practical insights, Ed aims to assist organizations in realizing the full potential of their TPRM programs.View full bio -
Elizabeth DunsmoorTPRM Principal, Shared AssessmentsElizabeth Dunsmoor recently joined Shared Assessments as a TPRM Principal after 15 years as a TPRM practitioner. She has experience designing holistic programs and delivering assessment work within the cybersecurity, financial services, manufacturing, and healthcare sectors. With a proven ability to oversee and execute long-term operational strategies and methodologies for risk programs, Elizabeth is proficient in a variety of management actions including translating strategies into measurable plans, partnering with Procurement, corporate teams, and firm leaders to develop a pipeline of cross-functional leaders within the risk management function. She now provides training and guidance to business leaders to ensure understanding of program requirements, third-party capabilities, and performance expectations.View full bio