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Outsourcing and Third-Party Risk Management

Firms using third-party relationships are facing increasing scrutiny from regulators and, as a result, are looking to transform their risk management capabilities by taking a more proactive approach to TPRM.
A robust TPRM function is key for managing an organisation’s risk levels. The damage that can be done to firms not managing third parties appropriately can be vast and include loss of customer data and significant reputational damage.

TPRM implementation challenges firms face:

TPRM challenges firms face

Read our TPRM Insight Deck

Do you struggle to integrate and embed your TPRM framework in line with regulatory expectations?

We can help

FourthLine’s team of third-party risk management specialists can support your firm across all stages of the third-party lifecycle, including the alignment of regulatory requirements. Our operational resilience specialists are drawn from a selection of global financial services and consulting firms.

We have been helping firms to:

  • Understand and document the current state organisation design for TPRM
  • Identify which suppliers are "material" as defined by the regulators
  • Plan and implement a TPRM business continuity plan
  • Define ownership and accountability across the third-party chain 
  • Plan and implement a TPRM business continuity plan
  • Integrate TPRM frameworks into operational resilience and BCM programmes
  • Provide maturity assessments vs. desired future state
  • Conduct quality assurance assessments and industry benchmarking
Enquire about our free TPRM high-impact review

Read about our risk & resilience approach

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TPRM Approach & Methodology

Terminate & Offboard
Plan, Evaluate and Select
Union (5)
Manage & Monitor
Contract & Onboard
Supplier Materiality Assessments
Aggregate Risk Profile
Risk Registers & Actions
Due Diligence & Oversight
Contingency Plans
Integrated Governance
Risk & Resilience Integration
Testing & Monitoring
Regulatory Engagement
Defined Strategy

TPRM Video Shorts

TPRM Video 1
Roles and Responsibilities
TPRM Video 2
Second and First Lines of Defence
TPRM Video 3
Dealing with Silos
TPRM Video 4
Governance Structures
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Some of our clients

novia-financial logo
monmouthshire BS
planet payment
Arch Insurance
interactive investor

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