Date and Time:
June 20, 2023 10:00 AM - 3:15 PM
Event Location:
Online, India
Description
Vendor risk management (VRM) is the process of ensuring that the use of service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance.
Achromic Point brings this highly informative and exclusive Digital Training on Vendor Risk Management scheduled on 20th June 2023 which will focus on Mainstreaming Vendor Risk Management, Third-Party Risk Management in Today’s Regulated Environment, Best Practices for 3rd Party Risk Management & Mainstreaming Vendor Risk Management.
Who should attend?
Senior Management and the Board of Directors
- Head of Legal
- Corporate Legal Counsel
- General Counsel
- Internal Auditor
- Vice President
- Forensics Professional
- Director – IT
- Company Secretaries
Thought Leaders:
- Munjal Kamdar
Partner – Risk Advisory
Deloitte India - Sharda Rokde
Director – Risk Advisory
Deloitte India - Sahil Tagra
Director – Risk Advisory
Deloitte India - Supriya Verma
Director- Forensic Services
PWC India - Govind Balachandran
CEO
SignalX.ai
Event Timelines
• Focus on “risks”: Type of Risks Involved with vendors
• Different drivers for Vendor Risk Management
• Typical risks resulting from third party relationships
• Going Beyond Company-Level Vendor Risk Assessments
• What Vendor Risk Management Looks Like on A Day-To-Day Basis
Session 2: Third-Party Risk Management in Today's Regulated Environment
• Current Scenario
• What Regulators Say.
• Common deficiencies of vendor management practices used during the life of the relationship
• Moving from a reactive to a proactive vendor management process
• Real world examples to illustrate the key points and recommendations
Break
Session 3: Best Practices for 3rd Party Risk Management
• 3rd parties, regulators, stakeholders: –advice from the practitioners
• How to demonstrate effective risk management across your entire supplier base
• Insights into regulator expectations
• Key attributes of a successful Vendor Management Organization
Session 4: Mainstreaming Vendor Risk Management:
Approach For Robust Framework
• The “Key Components” of a Vendor Risk Management framework
• The Vendor Risk Management framework and model
• Strategic view for internal audit: how VRM integrates into Enterprise risk management (ERM) and other risk management activities of your organizations
Session 5: Harnessing AI and Automation for Efficient Third-Party Risk Management (TPRM)
• AI-first Approach to Vendor Risk Management vs traditional models
• From Manual to Automated Due Diligence - How Organisations are transforming Third Party Risk Assessment
• Leveraging AI and automation to implement a Risk Based Approach to TPRM
• Reducing Cost and Increasing Efficiency with AI-first TPRM
• Achieving Real-Time Risk Reporting and Proactive Remediation with automation
