supplier risk

The supplier risk landscape for corporates today is shaped by sanctions, ESG commitments, and potential for reputational harm - which is just the start. But amid all this, there is competitive advantage to be found through optimized third-party risk management.

No stranger to the topic is Vincent Scales, Director of Third-party Risk Management at Verizon and Chairman of the Board for the Third-party Risk Association. After participating in a primary research study conducted by Moody’s Analytics, Vincent joins this episode of KYC Decoded, bringing the findings of the research to life.

Also joining is Enrico Aresu, Moody’s Analytics Compliance and Financial Crime Practice Lead for the DACH region and central eastern Europe.

Highlights of this engaging conversation include:

• Context for increased commitment to TPRM
• Controllable vs. uncontrollable risk in supply chains
• The difference a compliance culture can make
• Gaining advantage with Governance Risk and Compliance (GRC) platforms

For additional resources, check out:

• The rising tide of third-party risk management report from Moody’s Analytics, in partnership with Context Consulting
• Moody’s Analytics third-party risk management insights
• Third Party Risk Association (TPRA) website and LinkedIn profile
• Shared Assessments website and its Standardized Information Gathering (SIG) Questionnaire

To find out how Moody’s Analytics can help elevate third-party risk management and supplier due diligence in your organization, visit our website and get in touch any time.

There are many types of risks that are associated with working with suppliers. Everything from financial, to supply disruption, to brand risk if a supplier turns out to be unethical, or worse.

One company working to mitigate this is Rebirth Analytics. Rebirth uses AI and big data to assess suppliers across a range of categories (financial, ESG, Fraud, etc.) to more accurately predict potential issues arising.

I invited Chonchol Gupta, Rebirth Analytics CEO to come on the podcast to tell me more. We had a fascinating conversation.

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I'd like to sincerely thank this podcast's generous supporters:

• Lorcan Sheehan
• Krishna Kumar
• Olivier Brusle
• Alicia Farag
• Joël VANDI
• Luis Olavarria
• Alvaro Aguilar

And remember you too can Support the Podcast - it is really easy and hugely important as it will enable me to continue to create more excellent Digital Supply Chain episodes like this one.

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Thanks for listening.

In this discussion, Dr. Laura Jones, Director of Governance, Risk, and Compliance at Hearst, and Eileen Fahey, Chief Risk Officer at Fitch Group, share their decades of expertise in risk management with Atul Vashistha, Chairman and CEO, Supply Wisdom.

During the hour-long discussion, the panellists share their wisdom about the essentials for building out and scaling risk management programs with the goal of helping a new generation of risk professionals learn from leaders. 

Listen now for lessons learned, the importance of learning from peers, the value of industry associations and forums in fostering growth and education, and why one risk program cannot fit all businesses. 

• Defining 'maturity' for a risk management program 
• Best practices on building and scaling TPRM programs 
• How to develop an effective risk appetite framework 
• Maximizing the value of TPRM investments 

In Part 3 of this episode of CRO Wisdom, James Gellert talks about the importance of listening and learning from peers to be a great leader. He shares his advice on why young professionals must have a roadmap for their chosen career destination even while being flexible about getting there. 

 In Part 2 of this episode of CRO Wisdom, James Gellert talks about Covid-induced disruptions and how automation has helped them mitigate a lot of impact. 

James delves into the challenges of helping risk professionals assess risk from private companies and the importance of automating under the hood to deliver the most value to customers. He also emphasizes the importance of maintaining the appropriate internal data, such as lists of suppliers and their criticality, to get the most value out of risk management solutions. 

In this episode of CRO Wisdom, James Gellert sits down with Atul Vashistha, Chairman, Supply Wisdom and talks about his long career in banking and how he transitioned to Technology, growing Rapid Ratings into the leader it is today.