Why Procurement is the Hidden Engine Behind Smarter Third-Party Risk

Audio

Atom Bank’s Mo Randeree and Omnea’s Fraser Phillips explore how integrating procurement and third-party risk can eliminate friction, drive faster onboarding, and enable smarter, AI-powered decision-making. They share hard-earned lessons on governance, tooling, and how leaner FinTech models can outpace legacy banks when innovation is tightly aligned with compliance and strategy.

Jul 03, 2025

Fraser Guillen, VP of Customer Success, Omnea

Mohammed Randeree, Head of Operational Resilience & Third Party Risk Management,, Atom Bank

Tags: Vendor and Third Party Risk

Why Procurement is the Hidden Engine Behind Smarter 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

Third-party risk management is no longer just a back-office compliance function - it’s rapidly becoming a strategic differentiator. In this episode of Risk Leaders Connect, Mo Randeree, Head of Resilience, Procurement, and TPRM at Atom Bank, joins Fraser Guillen of Omnea to explore how merging procurement and TPRM isn't just a structural tweak, it's a radical shift in how modern banks manage onboarding, rationalize supplier ecosystems, and deliver governance at scale. At Atom Bank, this consolidation enabled them to reduce decision-making timelines, align risk and value from the outset, and introduce AI-powered tooling that proactively flags duplicative vendors

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