Where Contracting Fits in the Third-Party Risk Lifecycle: 5 Opportunities

Presented by

Shea Hanson, OneTrust and Andrew Moyad, Shared Assessments

About this talk

Managing the third-party lifecycle involves stakeholders across many business units: information security, privacy, legal, finance, procurement, and others. When these teams collaborate to streamline workflows, efficiency can be realized in contracting and holding third parties accountable for their obligations. This session will focus on weaving contracting into the third-party lifecycle to limit risk exposure while automating processes. You will learn: • How to align third-party risk management and contracting/procurement teams • Insights on types of risk that can be managed through contracting • Best practices to limit risk exposure through contracting • Ways to monitor your third parties and their contractual obligations

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Shared Assessments is a global membership organization dedicated to developing the best practices, education, and tools to drive third party risk assurance. We are creators of the industry standard third party risk toolkit, used by over 15,000 organizations worldwide.