Back to Portfolio
Enterprise Risk Management
Third Party Risk Uplift for Global Bank
Comprehensive uplift of Third Party Risk for one of the world's most prestigious banks, with the Australian project leading its global function and setting new standards for vendor risk management.
Challenge
Third-party risk governance was inconsistently applied across vendor classes and geographies, limiting comparability and escalation quality.
Our Approach
- Designed a consistent third-party risk framework with tiered vendor treatment.
- Refined due-diligence requirements, trigger events, and ongoing monitoring controls.
- Improved risk acceptance and escalation pathways for material service providers.
- Implemented operational reporting to track uplift progress and residual risk.
Outcomes
- Higher consistency in vendor risk assessment and lifecycle governance.
- Better decision quality through clearer thresholds and escalation criteria.
- A reusable model that informed broader global third-party risk practices.