Third-Party Risk & Compliance

Third Party Risk Management

TPRM Program Assessment

Assurance & Questionnaires

Third Party Risk Management

As a valued member of Shared Assessment, BraunWeiss next-generation third-party risk management services help you make informed decisions by offering complete spectrum of services to manage your third-party risk.

• Implement and integrate systems and technologies
• Identify and classify risks, including data privacy, information security, and operational concerns.
• Understand and implement strategic methods to manage and mitigate third-party risks.
• Stay on top of risk by continuous monitoring, threat monitoring and alert management processes
• BraunWeiss leverages advanced analytics, robotic process automation, advanced workflow and machine learning to when implementing and managing effective third-party risk management programs.
• Improve operational risk management by designing risk frameworks to manage governance and data models.

TPRM Program Assessment & Services

BraunWeiss builds TPRM program in accordance to regulatory expectations and leading practices. BraunWeiss uses wide range of industry leading end-to-end TPRM technologies and processes that support and meets the needs of company operations, risk profile and regulatory expectations.

• Program Design & Build
• End-to-end TPRM technologies & processes support
• Third-party screening services
• Identify third-party risks with advanced analytics and artificial intelligence (AI)
• Conduct inspections of risk control environment and detailed risk assessments
• Conduct background checks to uncover risk indicators including detailed research
• Monitoring and reporting to mitigate risks through ongoing analysis and dashboard visualization

Third-party Questionnaires

BraunWeiss team of experts organize, structure, and build a formal, technology-enabled third-party questionnaires to streamline the management of vendor audit and risk assessment based on a library of standardized, approved responses.

• Design third-party questionnaires to manage vendor relationships
• Collect automated security questionnaire and responses
• Analyze third-party policies and procedures through automated data collection
• Align questionnaire scope with regulatory and stakeholder expectations
• Ensure findings from Third-Party Vendor Assessment (TPVA) keeps business information secure
• Meet compliance requirements and avoid penalties

Assessments and Vendor Responses

GRC & IRM Platforms