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TPRM MODEL

Maryam Hidayatallah CPFA,MIPA,MA,CICA
Maryam Hidayatallah CPFA,MIPA,MA,CICA

The document outlines a third party risk management model for assessing and managing risks associated with vendors and outsourcing. It involves assessing inherent risks, residual risks after mitigations, and focuses on factors like vendor relationships, economics, brand protection, governance, quality assurance and regulatory oversight to minimize reputational and compliance risks from third parties.

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TPRM MODEL {THIRD PARTY RISK MANAGEMENT MODEL} VENDOR RISK MANAGEMEN T PLATFORM RELATIONS HIP ECONOMIC S NUISANCE FACTOR VARIABLE AUGMENT BRAND PROTECTI ON REPUTATI ONAL RISK GOVERNA NCEREGULATO RY OVERSIGH T CORPORATE OUTSOURCING QUALITY ASSURANCE CENTRE LED MODEL INHERENT RISK ASSESSM ENT RESIDUAL RISK ASSESSM ENT 息PurpleShutterbug

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TPRM MODEL

  • 1. TPRM MODEL {THIRD PARTY RISK MANAGEMENT MODEL} VENDOR RISK MANAGEMEN T PLATFORM RELATIONS HIP ECONOMIC S NUISANCE FACTOR VARIABLE AUGMENT BRAND PROTECTI ON REPUTATI ONAL RISK GOVERNA NCEREGULATO RY OVERSIGH T CORPORATE OUTSOURCING QUALITY ASSURANCE CENTRE LED MODEL INHERENT RISK ASSESSM ENT RESIDUAL RISK ASSESSM ENT 息PurpleShutterbug