Third-Party Risk: Are You Covered?
ComplianceFinanceSeptember 10, 2020

Third-party risk: Are you covered?

This article, published in Independent Banker magazine, was written by Mary Thorson-Wright and features commentary from Thomas Grundy, Wolters Kluwer's Senior Director of U. S. Advisory Services. The IB magazine is the flagship publication for the Independent Community Bankers of America and features news, industry trends and commentary directed to the community banking industry. Among Thomas Grundy's insights:

“When considering entering a relationship with a third-party provider, it is advisable to conduct appropriate due diligence based on guidance from the bank regulatory agencies,” says Thomas Grundy, a Senior Director of U.S. Advisory Services for Wolters Kluwer. “Identifying risks going into the relationship is critical to establishing a risk profile for the service provider that ultimately wins the contract.”

Read the full article online: “Third-Party Risk: Are You Covered?” (pg. 34-35)

Thomas Grundy
Senior Director, U. S. Advisory Services
With over 33 years of experience Thomas leverages his experience advising compliance and risk management executives on solutions to effectively manage risk in a complex and rapidly changing regulatory environment.