RSA Archer® Third Party Risk Management
Build and execute risk assessments to help manage third party relationships.
- Execute standardized risk assessments to understand inherent risk.
- Evaluate contract risks and financial wherewithal.
- Capture, analyze and manage supplemental documentation from third parties.
- Capture and assess fourth party risk.
Provides a methodical and standardized approach for third party risk assessments.
Facilitates faster, more definitive responses to emerging vendor risks.
Cuts the cost and time it takes to resolve issues.
Improves management and mitigation of identified third party issues.
Reduces the occurrence of third-party related incidents and losses.
Leads to reduced repeat audit and regulatory findings.
Consistent approach to evaluating third party controls and risk scoring.
Fourth Party Visibility
Identify declared critical fourth-party relationships and understand your third parties’ methods for governing their third parties.
Capture and store supplemental documents, such as SSAE-16s, financial statements and PCI assessments, and monitor when refreshed documents are due.
Organized, managed process for escalating third party issues.
RSA Archer has brought many siloes together and we’re finding that linking business continuity to security and vendor risk provides a more comprehensive risk picture. These teams can connect what they’re doing and we’re all on the same page now.
Director of Technology Risk Management, Federal Home Loan Bank of Atlanta @ Federal Home Loan Bank of Atlanta