VRM exposes risks resulting from outsourcing of IT business processes or features to vendors. Vendor risk managers are able to interpret those risks and evaluate their criticality. Our experts assist you in qualifying, quantifying and managing reputational, transactional, regulatory and other risks associated with IT outsourcing. You are then in a position to meet the regulatory requirements in the field of outsourcing risks.
The VRM service is rendered by consultants with years of practical experience in IT risk management. They are your SPoC for all VRM related requirements and are available as your personal contact partner at all times.
Our VRMs have comprehensive knowledge of defining and implementing VRM processes as well as dealing with required risk functions and outsourcing panels in global institutions. This also includes the recognition and evaluation of risks based on realistic risk scenarios, in turn supporting and improving your ICS. In conjunction with your staff, our VRMs plan a new VRM strategy covering all regulatory and internal requirements, and ensure that your vendors satisfy the relevant compliance standards.