Institution Wide Third Party Service Provider Risk Assessment

$50.00

The Institution Wide Third Party Risk Assessment provides a framework upon which the risk related to managing third party service providers is evaluated.

Description

Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Institution Wide 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 Institution Wide Third Party Service Provider Risk Assessment provides a framework upon which the risk related to managing third party service providers is evaluated.

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