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Third-Party Risk Management

THIRD-PARTY
RISK CENTER

Third-Party Risk Management, fully managed for financial services

Who We Are

FULLY MANAGED
FOR FINACIAL SERVICES

Third-party oversight is a leadership responsibility but few organisations have a dedicated internal TPRM function.

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The Third-Party Risk Center operates as your outsourced third-party risk team.

We manage assessments, due diligence, monitoring, incident oversight, and business continuity reviews, powered by our platform and delivered as a structured, ongoing service.

 

You retain accountability.
We run the function.

ICS CyberSec FP5

HOW THE RISK CENTER WORKS

The Third-Party Risk Center operates as your dedicated third-party risk function, structured, consistent, and fully managed.

ESTABLISH & STRUCTURE

Streamline supplier onboarding with automated approval workflows. 
Quickly identify critical suppliers, run risk assessments with ready-to-use templates, and demonstrate due diligence from the very start.

ICS Assess & Document

MONITOR & MAINTAIN

We maintain review cycles, track remediation actions, monitor incidents, and oversee business continuity exposure for critical providers.

ICS Rapport & Support.png
ICS Establish & Structure

ASSESS & DOCUMENT

We conduct structured risk assessments and due diligence reviews, collect and track documentation, and record oversight activity within our platform.

ICS Monitor & Maintain

REPORT & SUPPORT

We provide structured reporting and leadership visibility, ensuring oversight remains clear, documented, and demonstrable.

All activity is powered by our proprietary platform. Ensuring transparency, auditability, and scalability.

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You retain accountability.
We manage the execution.

BUILD. BUY.
OUTSOURCE.

Financial institutions typically take one of three approaches to third-party risk management.

 

Each model carries different implications for cost, complexity, internal resource demand, and sustainability. â€‹

 

Below is a clear comparison of these three approaches.

Model
Who Runs the Function
Internal Resource Demand
Implementation Complexity
Long-Term Sustainability

Build

Internal hires

High

Medium

Dependent on staffing

Buy

Internal team + platform

High

High

Platform-dependent

Outsource

Managed Third-Party Risk Center

Low

Low

Structured & supported

Understanding the structural differences between these approaches is critical, because third-party risk is no longer a one-time assessment exercise.

 

It is an ongoing operational capability.

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