Third-Party Risk Management Roundtable

Navigating Heightened Supervisory Focus

Join us for an exclusive, invitation-only ProSight Roundtable addressing the critical challenges of third-party risk management in an environment of heightened regulatory scrutiny. Since 2014, ProSight has hosted peer-sharing sessions helping subject matter experts find effective ways to mitigate risks associated with third-party relationships. This collaborative session brings together senior procurement and risk management professionals to share best practices, technologies, challenges, and solutions for managing vendor and non-vendor third-party relationships.

Discussion Focus

Third-party risk management remains an area of intensified supervisory focus as financial institutions face increasing dependence on third-party relationships that expose them to significant risk and compliance challenges. While hiring third parties provides operational benefits, organizations cannot outsource the associated risks. Financial institutions must maintain proper due diligence and oversight processes, recognizing that third parties face the same cyber risks as banks—and often many additional vulnerabilities. Minimizing exposure to financial, legal, regulatory, operational, and reputational risk has become more critical than ever.

Why Attend

This invitation-only session provides a unique opportunity to engage in peer-to-peer dialogue with executives from comparable institutions facing similar third-party risk management challenges. The roundtable format enables candid sharing of practical experiences, implementation strategies, and emerging solutions while building relationships with peers navigating the evolving regulatory landscape and operational complexities of third-party oversight.

Key Discussion Areas

The agenda is actively being developed with a steering group of peer banks and registered participants. Expected topics include:

• Current Observations and Trends: Industry developments and regulatory expectations shaping third-party risk management
• Evolving Practices and Challenges: Emerging approaches and obstacles in managing third-party relationships effectively
• Workload Management Solutions: Strategies for handling the increasing volume and complexity of third-party oversight requirements
• Fourth and Nth Party Oversight: Assessment and oversight methodologies for extended supply chain relationships
• Emerging Risks: Addressing cyber, climate, cloud, and resilience risks within third-party relationships
• Regulatory Guidance: Implications of recently released regulatory guidance on third-party risk management practices

Who Should Attend

This roundtable is designed for financial institutions above $30 billion in assets, specifically targeting Chief Procurement Officers, Heads and Directors of Third-Party Risk Management, and their delegates. To ensure meaningful dialogue and participation, no more than two registered participants per institution should attend. The focused participant profile facilitates substantive discussion among peers managing similar organizational scales and regulatory requirements.