Third-party risk management

Govern your extended organisation with greater efficiency – and greater confidence

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Managing third-party risk with confidence and control

Every year, the number of third parties in your extended organisation increases. Not only that, third-party services are getting more complex, with global delivery, cloud computing, and an increasingly mobile workforce.

We’ll help you design and execute a strategy to manage third-party risk amid all this chaos.

What do we want to achieve? A third-party risk programme that can adapt quickly to manage complexity, keep stakeholders aligned, respond to incidents and validate third-party claims effectively.

Whether you’re just starting your third-party risk management programme, or you already have a sophisticated programme in place, our specialised team can help enhance your programme with strategic advisory services and execution support.

You trust your third parties – but also need to validate their claims

You’ve asked your third parties to fill in questionnaires. However, you’re unsure if their controls are as good as they claim. Are your vendors doing what they say they’re doing? Are your affiliates implementing the controls you expect? What happens tomorrow when the risks change?

Failure to identify and assess your third-party relationships can leave you exposed to outages and downtime, data breaches, regulatory findings, fraud, quality issues and more.

Our specialised team works with clients to review and renew third-party risk management programmes – including how to leverage leading techniques, automation and data-driven actions.

We’ll provide a framework and a sustainable process for assessing and appropriately managing the third-party risks your organisation faces. We also help clients execute their programmes, providing managed services and ongoing monitoring.

We can help you with any stage of your third-party risk management programme

Our team helps clients plan, build and run their third-party risk management programmes.

Independent programme reviews

We offer independent testing, monitoring, validation and internal audit of an organisation’s third-party risk management activities across applicable risk domains.

Programme consulting

We work collaboratively with organisations to identify practical ways to enhance efficiency and effectiveness.

Technology enablement

We work with clients to help them optimise, modernise and implement their technology, including custom implementation across multiple partner platforms, sector-specific accelerators and tools for ongoing monitoring.

Third- & fourth-party assessments

We provide both on-site and remote assessments of third parties around the world – for information security, physical security, privacy, business continuity, regulatory compliance, financial viability, licensing, contract compliance, fraud and sustainability.

Ongoing monitoring

We offer ongoing third-party monitoring services to help reduce risk, including findings and remediation tracking, periodic relationship status checks, monitoring intelligence and data feeds and staff augmentation/overflow support.

Supply chain management services

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Risk and compliance consulting

Whether you want a holistic, top-level view of risk or you need specific insights into complex scenarios or regulations, our specialists have the experience to design and execute the right approach for your organisation.

Work with us

You can rely on us to take your third-party risk management programme to the next level. Crowe has more than 750 risk consultants around the globe to help you manage third-party risk.

Our people bring specialised expertise, hands-on experience and supporting technology:

Dedicated Third-Party Risk Experts

Extensive third-party risk management experience with a team fully focused on this area of risk

Experience Across Leading Platforms

Deep knowledge of and experience with leading third-party risk technology platforms

Specialists Across Key Risk Areas

Cross-functional risk specialists in areas including financial viability, technology and security, contracting, fraud, compliance and continuity planning

Extensive third-party risk management experience with a team fully focused on this area of risk

Deep knowledge of and experience with leading third-party risk technology platforms

Cross-functional risk specialists in areas including financial viability, technology and security, contracting, fraud, compliance and continuity planning

Global Reach, Local Execution

A global team to support international assessment execution