Navigating Concentration Risk for Enhanced Business Resilience in a Geopolitical Landscape

Video

Jul 23, 2024

Gemma Stewart, Global Head of Vendor Management (TPRM), Zurich Insurance Company

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

Effective concentration risk management starts with early data-driven identification of risks in new third-party relationships.
Ongoing risk monitoring, including setting up alerts for geopolitical events and natural disasters, is essential for maintaining business resilience.
Leveraging centralized data inventories allows for swift responses to emerging risks and facilitates informed decision-making.
A strong mandate from top executives is crucial for ensuring consistent data sharing and risk management across global operations.

Gemma Stewart Bio

Gemma has worked in a variety of third-party management roles over 15 years including procurement transformation and IT portfolio management. Currently leading the group strategy for third party risk management which includes the risk policy, third party governance framework, and a GRC solution for automated risk management & reporting. Gemma and her team have spent the last 18mths implementing a globally consistent framework and system across 37 countries. A lean black belt with a passion for implementing efficient operating models and using IT solutions to simplify and automate third party risk management.