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Article
Third-Party Risk Must Escape the Compliance Trap
Third-party risk management must move beyond compliance checklists toward stronger ownership, connected governance, predictive metrics and genuine supplier relationships. Elena Pykhova argues that organizations have built increasingly sophisticated frameworks but still struggle with fundamental questions around accountability and translating third-party information into decisions.
Sep 02, 2026
Elena Pykhova, Ops Risk Consultant, The OP Risk Company Limited
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
- Business owners
should remain accountable for third-party relationships
- Centralized and
hybrid ownership models may better suit complex suppliers
- TPRM, operational
risk and resilience need connected data and methodologies
- Supplier management
should emphasize relationships alongside contracts and controls
- Backward-looking KRIs
provide limited insight into future disruption
- Predictive and
relationship-based indicators can strengthen decision-making
- TPRM practitioners
increasingly function as relationship managers across organizational silos
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