Viewing summarized risk information for a third party

The Risk overview tab displays third-party name and process information, summary reports, risk intelligence scores, and tracking data for issues and tasks. On most reports, you can select an item to view the underlying data.

Getting to the Risk overview tab

1. Select Workspaces > Vendor Management Workspace.
2. On the Risk tab, select

1. In the Third-party risk overview section, select any number in a box to open the list of third parties with that value.

2. Select a third party name and then select the appropriate tab.

Information on the Risk overview tab

• A: Name and process information

  This section provides quick access to tier and contact information.

• B: Third-party summary

  Risk rating and scoring rules are described in Set up risk rating scales for scoring. Third-party risk components are external assessments, engagements, and subsidiaries. The component risk ratings are aggregated and are displayed as the Risk rating value on the Third party's scorecard.

• C: Risk intelligence providers

  Risk intelligence scores are described in Set up risk rating scales for scoring and Viewing risk intelligence scores.

• D: Tracking

  • Assessments: Counts of assessments in various process statuses. Select a number to view details.
  • Issues: Issues are described in Create an issue for a third party or engagement and Manage issues.
  • Tasks: Tasks are described in Create a task for a third party or engagement and Manage a task for a third party or engagement.

• E: Overview

  This section provides quick access to basic information about the third party.

• F: Actions

  • Discuss: Select Discuss to send a message to other users. The message is recorded in the Activity section of the Details tab.
  • Create: Generate an issue or task. See Create an issue for a third party or engagement and Create a task for a third party or engagement.
  • 360° view: Visually explore the relationships between existing assessments, issues, tasks, product models, upstream, and downstream contacts that affect the selected third party. See 360° Relationship Visualization.
  • Save: Save changes that you have made on the page.