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Article
Why Successful TPRM Starts with Proactive and Engaged Leadership
The rise of fourth-party risks and global regulations like DORA are reshaping Third Party Risk Management (TPRM). Hilda Andeliz emphasizes that proactivity, leadership engagement, and adaptability are critical for managing increasingly complex and interconnected risks effectively.
Jan 23, 2025
Hilda Andeliz, VP, Third-Party Risk Performance Analyst, Valley Bank
Tags:
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
Many organizations overestimate the resilience of their TPRM frameworks, often lacking the oversight and data to prove their effectiveness.
Fourth-party risks require proactive identification and ongoing monitoring to ensure vendors’ supply chains remain secure.
Resource constraints like limited budgets and staffing continue to challenge organizations’ ability to adopt essential tools and automation.
Strong C-suite involvement is key to equipping teams with the resources needed to meet evolving regulatory requirements and manage risks effectively.
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