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Effective Third-Party Risk Assessment – A Balancing Process

SPEAKERS

Brad Keller
Prevalent

DATE: Tuesday, 26 July 2016
TIME: 12PM EDT / 11AM CDT / 9AM PDT / 16:00 UTC
DURATION: 1 hr 00 min

OVERVIEW:

The key component of every third-party risk management program is the third-party assessment process. However, correctly balancing the growing need for broader and more in-depth assessment due diligence with the need to conduct assessments in a timely and cost-effective manner presents a difficult challenge. Third-parties continue to be the primary source of breach incidents, while regulatory and industry requirements for third-party due diligence continue to expand along with the need for more effective executive and broad reporting.

How do you satisfy the growing demand for more comprehensive assessment of third-party risk controls without substantially increasing the cost and time for conducting assessments?

Join us as we discuss how to analyze your third-party assessment process to find the best methods to balance these competing demands, and key ways to enhance your assessment process to be able to do more without increasing the time and cost of assessment due diligence.

Brad Keller has been developing and leading risk management programs for more than 25 years. During this time, he developed and implemented vendor and business risk management programs at several financial institutions that substantially improved risk management while also passing federal regulatory scrutiny.

Focusing on the risk of doing business online, Keller has implemented leading edge programs for the identification and mitigation of identity theft and online fraud. He has testified on behalf of the financial services industry at Congressional hearings on customer privacy issues, and is a frequent member of financial industry-led initiatives that address issues related to risk management, anti-phishing, online fraud, customer privacy and authentication issues.

Today Brad is the Senior Director of Third-Party Practice Lead at Prevalent, where he focuses on the delivery of Prevalent’s third-party risk management and assessment solutions, and the consulting to support those solutions. Prior to joining Prevalent, he was a Senior Vice President with The Santa Fe Group focusing on the management of the Shared Assessments Program. At Shared Assessments he led the development of Shared Assessments tools, training, and the risk management professional certification program.

Keller graduated with honors from the University of Missouri with a BS degree in Finance and received his J.D. with honors from St. Louis University School of Law. He is admitted to practice law in Oklahoma.

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