Responsible AI and third-party risk management: what you need to know
AI adoption by third parties introduces new risks. Strengthen your third-party risk management to maintain secure, responsible and efficient vendor relationships.
Creating fit-for-purpose TPRM programs that protect our clients' operations, brand and reputation
Our team applies innovative approaches and technologies that help our clients effectively manage their risk exposure so they can properly identify, mitigate and monitor the third-party risks most impactful to their operations. We help our clients design, build and manage fit-for-purpose third-party risk programs that protect their operations, brand and reputation at an optimal cost to operations.
How we help our clients
TPRM Program Assessment:
Compare your program maturity against industry peers, regulatory expectations and leading practices to enhance your TPRM program commensurate with the risks posed by your network of third parties
Program Design & Build:
Design and build a fit-for-purpose TPRM program that protects your organization's operations, brand and market reputation
TPRM Assessment Support:
Conduct high-volume third-party risk assessments targeted to specific risk areas. Define and assess the proper third-party controls through observations, review of requested evidence as well as remote and on-site verification testing
Technology Selection, Implementation & Optimization:
Select the most appropriate TPRM technology solutions to meet your third-party risk management needs. Review and optimize existing TPRM applications to improve technology coverage and drive a consistent, efficient and integrated TPRM program
TPRM Managed Services:
Receive end-to-end TPRM technology and process support that meets the needs of your operations, risk profile and regulatory expectations
Customer Risk Response:
Organize, structure, and build a formal, technology-enabled program to streamline the management of customer audit and risk assessment requests, based on a library of standardized, approved responses
Why PwC?
- Supported by a dedicated risk management and compliance practice, with more than 15,000 professionals in the US and over 40,700 globally
- Apply the latest industry practices, technology innovations, and regulatory feedback impacting our clients TPRM programs
- Support through an end-to-end suite of TPRM design, implementation, technology enablement and managed services solutions with the same dedicated team
- Proven accelerators built around the TPRM lifecycle and based on years of experience, providing a blueprint for success at each stage of the journey
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