Third-Party Risk Management: Utilizing Technology and Incorporating Into the Annual Audit Plan

Amy Feldman
Amy Feldman RSM US LLP
Oliver Snavely
Oliver Snavely RSM US LLP

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Amy Feldman currently serves as a director in RSM’s independent security controls practice, focusing on third-party risk management services. With over 10 years of experience consulting in security, privacy, and risk management services across a variety of industries, Amy focuses on helping her clients build, implement, and assess their third-party risk management programs aligning to industry best practices as defined by Shared Assessments, the Third Party Risk Association, and a variety of governance frameworks and compliance requirements. Prior to following her passion in third-party risk management, Amy oversaw the project management office (PMO) for security and privacy risk consulting where she was responsible for the centralized and coordinated management of consulting processes and delivery of engagements within the security and privacy risk consulting practice.

Oliver Snavely provides risk advisory, process improvement, and technical accounting consulting services. His experience has crossed a number of industries including technology, telecommunications, media, real estate, and life science. Additionally, Oliver has provided audit and consulting services to private equity fund portfolio companies across industries and focuses on key areas that drive value creation such as process optimization and risk mitigation. Oliver currently leads the private equity channel for the firm’s Risk Consulting practice.

Description

As the focus on third-party risks continues to intensify, pressure on internal audit to provide insights into TRPM programs is also increasing. The good news is that third-party risk management tools continue to evolve to make programs more efficient, and also enhance the ability to monitor vendors on an ongoing basis. In addition, the utilization of technology can help streamline the way departments interact and manage risk while also supporting the ability to provide transparency to the internal audit process. Internal audit departments can use these tools to gain insights into their organization’s TPRM program through maturity assessments, audits of portions of the program, or through an audit of the entire program. Join Amy Feldman and Oliver Snavely, consulting directors at RSM to learn more about TRPM technologies and ways internal audit departments can provide insights on the performance of a TPRM program.

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