Third-part risk management and guarantee

Effective oversight and assurance for your extended enterprise.

Companies increasingly rely on third parties to drive their business, reduce costs, and improve performance. However, working with external organizations involves a whole set of risks that did not exist in the past. We can help you assess and manage risks associated with third parties so that you can focus on achieving your strategic objectives.

Our approach

Third-party risk management has become more vital as companies progressively outsource critical operations. The shift to cloud infrastructure, for example, means that the failure of an externally contracted party can render a company unable to even perform its most basic functions.

However, while core tasks have been outsourced, responsibilities have not. Regulators in sectors such as finance have made it clear that blame for failures cannot be placed on contractors and that companies must have a formal, rigorous approach to assessing and managing the risks created by dependence on third parties.

We offer a robust approach to third-party risk management and assurance for clients who require an effective control framework for their relationships. Our team of experts has extensive experience and can leverage this extensive expertise to ensure that you mitigate errors and continue to achieve your objectives.

Third-party risk management requires three steps:

  • Conduct operational risk reviews of third parties and establish a risk framework.
  • Perform a risk assessment of third parties.
  • Obtain regular risk audit reports to provide assurance.

Know more about our services: fill the form and stay in touch with us.

* mandatory fields

Your personal data is collected by Mazars in Brazil, the data controller, in accordance with applicable laws and regulations. Fields marked with an asterisk are required. If any required field is left blank, it will not be possible to process your request. Your personal data is collected for the purpose of processing your request.

You have a right to access, correct and erase your data, and a right to object to or limit the processing of your data. You also have a right to data portability and the right to provide guidance on what happens to your data after your death. Finally, you have the right to lodge a complaint with a supervisory authority and a right not to be the subject of a decision based exclusively on automated processing, including profiling, that produces legal effects concerning you or significantly affects you in a similar way.

Know more about other Risk Consulting services