Third Party Risk Management - Consultancy, Assessment & Advisory
Third Party Risk Assessment Service
On-Demand Third Party Risk Assessment Services
Taking the pain out of the Third Party Risk Assessment process
Preparing and performing the Third Party risk assessments is an essential part of your Third Party risk management program. But it is expensive, resource-intensive, and time consuming for both your organisation, as well as your suppliers. Let DVV Solutions take the pain out of the Third Party Risk Assessment process.
As a Shared Assessments program member and registered Assessment Firm we are able to utilise industry-standard practices including Standardised Information Gathering (SIG) questionnaires and Standardised Control Assessments (SCA) for supplier assessments and due diligence.
We also have extensive experience in developing and executing Third Party risk assessments based upon ISO27001, PCI and GDPR compliance, and developing bespoke questionnaire sets.
Building your own outsourced Third Party Risk Assessment team
If you require support in executing a program of questionnaire-based remote assessments or more rigorous onsite risk assessments our team of CTPRP accredited IT Security Consultants will provide full service collection, analysis and reporting of supplier risk assessment and supporting evidence.
Our Consultants will quickly and efficiently provide a complete end-to-end service for the delivery of questionnaire-based remote assessments.
We work with you to develop a program of work for more rigorous, onsite evaluation of your Third Party risk based upon your risk appetite, risk tiers and criticality of suppliers.
Risk Remediation Tracking:
We can also support in the development, implementation and tracking of risk remediation plans to ensure any IT security improvements identified are actioned and completed.
Our Third Party Risk Assessment service gives you:
Independent, professional verification and analysis of risk – especially critical for highly regulated industries
Support for initial roll-out and ramp-up of your Third Party risk assessment program
On-demand resource and skills to support peak volumes of supplier assessments
Scalability to manage more risk assessments and suppliers with existing resources
Optional training and skills transfers to develop the quality of your internal risk assessment teams
Reduced cost associated with existing manual processes and internal infrastructure
Bandwidth to re-focus your existing manpower and resources on the high-value risk management and remediation activity
Tailored service to meet your needs
Our Third Party Risk Assessment Service enables you to supplement your existing internal resources by leveraging DVV Solutions expertise in performing Third Party Risk Assessments. Our team of accredited Certified Third Party Risk Professionals (CTPRP) use industry best practices to add on-demand scale to your risk assessment program and can free your internal resources to focus on more critical risk management activity.
When it comes to compliance, we’ve got you covered. Our services enable you to ensure you stay one step ahead of the emerging requirements from regulations such as:
EU Digital Operational Resilience Act (DORA),
ESMA Guidelines on Outsourcing to Cloud Service Providers,
Bank of England / PRA Operational Resilience, Outsourcing and Third Party Risk Management,
European Banking Authority Guidelines on Outsourcing Arrangements,
UK Data Protection Act & GDPR,
Monetary Authority of Singapore’s Technology Risk Management (TRM) Guidelines,
PCI DSS 3.2
Whether you require an on-demand resource to support your internal team’s workload or are looking for a more permanent outsourced managed service that delivers Third Party Risk Assessment to your desk, DVV Solutions can create a service offering to meet your needs.
We are specialists in Third Party Risk Management with over 20 years of experience in Cyber Security and Governance, Risk & Compliance and a dedicated team of experienced IT Security Assurance Consultants.
We are a vendor agnostic, managed service provider that is able to focus on delivering a TPRM program built around your specific risk-based, organisational and regulatory requirements.
We are a Shared Assessments Program member and recognised Assessment Firm with certified IT Security Assurance Consultants able to deliver a comprehensive service based on industry standards and best practice.