Responsible Party
You need the service, approve the engagement, monitor how it performs and sign the renewal. The board is ultimately accountable for third-party risk; you are responsible for each arrangement in your area, day to day.
The course for this seat is in production. We will send one email when it opens.
When this seat works
Some roles are held by the same person. Each one still needs someone doing it. When someone does, this is what the organisation gets.
- The organisation sets the terms of the relationship.
- Ongoing monitoring is established and consistent.
- Accountability is clear, so decisions get made.
Where your seat meets the other three
These are the gaps your seat shares. Close them and the arrangement holds.
Risk and Compliance sets the standard. You report against it, and escalate when the arrangement drifts outside appetite.
Procurement runs the sourcing. You make the final selection and accept the risk, so be in the room when the requirements are set.
You depend on the third party every day. Performance, incidents and changes to their subcontractors come to you first.
The course for your seat is in production
Responsible Parties Managing Third-Party Delivery
For the executives and relationship owners who approve the engagement, monitor performance and sign the renewal: your accountability, the decisions that need your approval, and how to prepare for regulatory scrutiny.
Until it opens, TPRM Foundations, our third-party risk management (TPRM) course, covers the shared foundations every seat needs: where third-party risk sits, the Asia-Pacific (APAC) regulators, the eight risk domains and the lifecycle.
For your seat, it shows what Risk and Compliance and Procurement expect of you as the owner of an arrangement, before your own course opens.
Course in production
One email when it opens. No other messages unless you ask for them.
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Start this week, free
The eight questions
Pick one third party you know. Ask one question per risk domain of the person who should know the answer, and record what you heard: a clear answer, a claim, or silence.
Run the checkThe Lab Brief
What changed in APAC third-party risk regulation, which regulator it applies to, and what to do about it this month. Fortnightly and free.
Not your seat?
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Responsible Parties Managing Third-Party Delivery is in production. Join the waitlist, or start now with the shared foundations.