We understand the importance of protecting the industry and clients from risks associated with the use of third
方. The Third-Party Risk program strives to deliver industry best practices for identifying, assessing,
monitoring and mitigating third-party risk. As part of the program, third 方 are expected to participate and
comply with initial due diligence and ongoing monitoring requirements.
“Supporting a diverse and inclusive environment must include consideration for who we do business with. As we support buildout of a diverse supplier base, our third part risk team strives to partner with out suppliers to help them understand and meet our control requirements so 存 can provide the best solutions to out clients.”
Michael Rivas, 存 Executive Director, Third Party Risk
During the initial onboarding process, we partner with our third 方 to complete due diligence risk 评估
that consider a range of risk factors (e.g., technology, resiliency, regulatory, etc.) that are commensurate with the
engagement type and the risk that the vendor poses to 存. Our third 方 work with us to help us confirm
that their controls are in alignment with 存 standards.
Following initial onboarding process, we also engage and partner with third 方 to complete ongoing
monitoring to ensure services continue to be provided in alignment with 存’s standards. These actives include
but are not limited to risk re评估, ongoing performance meetings, negative news monitoring, 和现场
评估.
As our partner, we work in a collaborative effort to identify and resolve concerns that may arise.
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