Third-Party Risk Management (TPRM) in the financial services industry is more critical than ever in today’s interconnected business landscape. Our TPRM Financial Services team is your trusted partner, helping you identify, assess, and mitigate risks across your third-party ecosystem to protect your business and build strong resilience.
We guide and support you throughout your TPRM journey - from current status assessments to implementing robust framework and operating models along the third party lifecycle. No matter if banking, insurance or asset management, you’ll benefit from the expertise of skilled professionals with deep experience in managing third-party risks and navigating complex regulatory environments.
You can rely on us for:
- Maturity assessments to evaluate and enhance your current third-party management approach
- Designing and implementing tailored TPRM framework and Target Operating Models
- Support and improvements along the third party lifecycle, e.g., risk assessment or contract management
- Insights into regulatory compliance and industry best practices
- Leveraging innovative tools and technologies to streamline TPRM processes.
Our experts stay ahead of emerging trends and collaborate with leading technology providers to deliver next-generation solutions. Together, we’ll help you build and manage a secure, compliant, and resilient third-party risk framework.
Why KPMG services?
Understanding client issues & addressing key pain points
Limited visibility into third-party risks
How do you gain a clear understanding of your third-party ecosystem? Many clients struggle with limited visibility into the risks posed by their vendors, suppliers, and partners which may lead to costly disruption and reputational damage. We help you map, assess, and monitor your third-party relationships to uncover hidden risks and ensure transparency.
Regulatory compliance challenges
How do you stay compliant in an ever-changing regulatory landscape? Clients often face difficulties keeping up with evolving regulations and industry standards. We provide expert guidance to ensure your TPRM framework meets compliance requirements and avoids costly penalties.
Inefficient risk management processes
How do you streamline and optimize your TPRM efforts? Many organizations rely on manual, fragmented, or outdated processes that are time-consuming and prone to errors. We help you implement efficient, technology-driven solutions to automate workflows and improve accuracy.
Emerging risks in a dynamic environment
How do you stay ahead of new and evolving risks? Clients often struggle to identify and address emerging risks, such as cybersecurity threats, geopolitical instability, or ESG concerns. We provide proactive risk identification and mitigation strategies to help you stay resilient.
Overwhelming volume of third parties
How do you manage risks across a growing network of third parties? As organizations expand, the number of third-party relationships can become unmanageable. We help you prioritize and segment your third parties, focusing on the most critical risks to your business.
Integration of technology and tools
How do you leverage technology to enhance TPRM? Clients often face challenges in selecting, implementing, and integrating the right tools for their TPRM needs. We guide you in adopting innovative technologies that streamline processes, provide actionable insights, and enhance decision-making.
Tailored solutions for your industry
Navigating success: our proven approach
At KPMG, we are dedicated to being your trusted partner in mastering the complexities of Third-Party Risk Management along the TPRM lifecycle.
Whether you’re building a TPRM framework from the ground up or refining your existing processes, our experts provide tailored guidance to help you achieve resilience and success at every step along the TPRM lifecylce:
Partnering for success: submit your interests & open questions
Do you have questions or need support with Third-Party Risk Management Framework? Our experienced Financial Services professionals are here to provide tailored insights and guidance. Submit the contact form to start a conversation about strengthening your TPRM framework and addressing your organization’s unique challenges.