Leveraging team collaboration to safeguard lifecycles from risks

Article

Collaboration across teams ensures effective risk management throughout the organizational lifecycle, transitioning to a proactive risk-based approach, and developing a comprehensive third-party risk management (TPRM) reporting program involves relationship mapping and continuous due diligence.

Jun 04, 2024

Simon Shepherd, Managing Director, MYRIAD Group Technologies Ltd

Leveraging team collaboration to safeguard lifecycles from risks

Collaboration across teams is crucial for identifying and managing risks throughout the organizational lifecycle.
Transitioning to a proactive risk-based approach enhances risk management effectiveness.
Prioritizing risk management over activity monitoring improves governance.
Distinguishing primary risks from cascading risks requires improved visibility.
Developing a comprehensive third-party risk management (TPRM) reporting program involves relationship mapping and continuous due diligence.