Not All Vendors Pose the Same Risk: Mastering the Recipe of Risk Appetite and Vendor Risk Management
Sponsored by Protecht
This event qualifies for 1 CPE credit accredited by GRC Certify and NASBA if you meet the completion criteria (50 minutes of attendance and answer 100% of polls presented). Credit is automatically tracked to all of your OCEG / GRC Certify certifications and recorded on your CPE Transcript. You will also receive a NASBA certificate of completion by email.
In this webinar, we’ll discuss the key risk indicators (KRIs) to monitor if you tier vendors by level or risk, discuss appropriate leading and predictive KRIs for vendors and how to set and monitor thresholds, and how these vendor risk insights connect to your enterprise risk appetite statement and overall ERM strategy.
Highlights
- Learn how to define a risk appetite statement for vendor risk
- Learn how to apply risk appetite thresholds across key vendor risks
- Learn how to measure and use leading and predictive KRIs for vendor risk
- Learn how to monitor vendor risk using thresholds and KRIs
An organization’s risk appetite statement (RAS) guides its management team on how to make risk-based decisions about business and growth strategies. Risk appetite is traditionally applied to enterprise and operational risk management, but it can be leveraged across a variety of risk areas.
While vendor risk management is a well-accepted and increasingly regulated requirement across organizations to ensure due diligence oversight of third-party providers, endlessly collecting questionnaires is not risk management. In today’s digitally connected business, cyber and vendor risks are tightly interwoven, and both are important to your company’s ability to be resilient and offer consistent performance. How can you apply your risk appetite across your vendor risk program?
In this webinar, we’ll discuss the key risk indicators (KRIs) to monitor if you tier vendors by level or risk. We’ll discuss appropriate leading and predictive KRIs for vendors, and how to set and monitor thresholds. Finally, we’ll discuss how these vendor risk insights connect to your enterprise risk appetite statement and overall ERM strategy.
Speakers:
Terence Lee, VP of Risk, North America, Protecht
Jared Siddle, Director of Risk, North America, Protecht
Additional Information:
Field of Study: Management Services
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
CPE Credit Notice
This is a group internet-based event for NASBA authorized continuing education credit. OCEG webinars are free for anyone to attend, but only Attendees who have an OCEG All Access Pass will receive a Certificate of Completion for the webinar indicating 1 hour of CPE credit.
OCEG is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For information regarding administrative issues such as complaints or refunds, please contact OCEG at info@oceg.org.
