Individual Third Party Service Provider Risk Assessment

$50.00

The Individual Third Party Service Provider Risk Assessment provides a framework upon which the risk related to managing each individual third party service provider is evaluated.

Description

Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Individual Third Party Service Provider Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Individual Third Party Service Provider Risk Assessment provides a framework provides a framework upon which the risk related to managing each individual third party service provider is evaluated.

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