Third-party risk management

Establish an integrated 3rd party risk profile register

Link 3rd parties to regulatory frameworks to track compliance & assign a risk classification
3rd party ecosystem view to identify dependencies between multi-tier suppliers.

Systematic approach to conduct due diligence assessments

Upload custom or download best practice risk questionnaires.
Create remediation plans to work with 3rd parties to address findings & track completion of remediation items.

Proactively detect 3rd party risk events in real-time

Receive alerts on risk events impacting your 3rd party or when an external risk rating changes. Initiate risk or incident management plans to track risk mitigation activities.

Manage potential 3rd party risks in one centralized place

Perform and register risk assessment details such as the nature of risk, level of risk, likelihood & impact, risk owners, impacted stakeholders and risk mitigation measures.

Respond and manage incidents quickly & effectively

Perform an incident assessment and outline an incident response action plan to address and manage the incident effectively.

Access the Content Library to meet your compliance needs

Directly add premium content such as compliance frameworks and industry best practice assessment questionnaires. All content is editable to tailor your specific needs.

An EU Regulatory Agency requested a large international bank's top 100 critical vendors be assessed for potential cyber risk. Using 3rdRisk, Deloitte specialists conducted the assessments leading to the Agency to strike the finding.

Deloitte used 3rdRisk to screen & monitoring a NPO's top suppliers and uncovered supplier response inconsistencies pertaining to health & safety procedures that could have posed a potential reputational risk to the NPO if undetected.

A large food retailer experienced a critical product shortage leading Deloitte to implement 3rdRisk to enable an end-to-end assessment management workflow to rapidly issue supplier risk assessments to mitigate future disruptions.