Third Party Risk Management

Third-party risk management (TPRM) is a critical component of an enterprise-wide risk management framework, mitigation, and monitoring for managing business processes and systems that use services provided by external parties. The rise in cyber threats around the globe and the impact of the resilience of its third, fourth and nth parties in the end-to-end supply chain has placed a spotlight on the need for firms to have robust third-party controls. As a result, firms need to gain a 360-degree view of their third-party risk. A comprehensive and proactive TPRM program is essential to managing risk and ensuring you can maintain control over all aspects of your business.

GDFM offers a full range of services for assessing and improving your firm’s approach to third-party risk management. Supporting your firm across all stages of the third-party lifecycle, GDFM can assist you with designing and ensuring a seamless integration of your TPRM framework into the firm’s cyber and operational resilience programs, third-party risk continuous monitoring, maturity reviews and risk assessments. Additionally, we provide managed services on demand to ensure you can access expert third-party support and guidance when needed.