Bates Group, LLC, a leading financial services consulting firm, has announced a partnership with Ontala Performance Solutions, led by internationally-acclaimed expert Linda Tuck Chapman, to expand Bates’ risk services to include the critical area of third-party risk management.
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“Many companies have outstanding outsourcing capabilities but do not have strong third-party continuity, governance, and review plans”
Linda Tuck Chapman is President, Ontala Performance Solutions Ltd.; creator and Faculty for “Certified Third Party Risk Management Professional (C3PRMP),” delivered in partnership with SIG University; and author of “Third Party Risk Management: Driving Enterprise Value.”
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“Many companies have outstanding outsourcing capabilities but do not have strong third-party continuity, governance, and review plans,” said Benjamin Pappas, Bates Group President. “Third-party issues represent a major risk for companies, their managers, and even their board members who may personally face fines or regulatory action. As a recognized financial services industry expert, Linda, in partnership with Bates, brings deep, actionable insight and exceptional expertise to clients in third-party risk management, governance, and optimization. The partnership is a perfect fit in expanding our risk portfolio and value to financial industry clients.”
Initially, the combined team will offer:
- Maturity and Effectiveness Assessments for third party/vendor risk management programs
- Comprehensive services for Monitoring & Controlling third party “Work from Home” Risks
- Third-party Risk Assessments, Controls Evaluations and Contract Reviews to ensure all controls, performance, and compliance requirements protect your organization
- Proven Training and Education for all stakeholders at all levels, either as classroom or eLearning.
“Our strategic partnership brings a powerful blend of specialized expertise, hands-on experience, and outstanding practitioners to the market,” said Tuck Chapman. “Managing third party relationships by criticality and risks has never been more important. The global crisis makes us hyper-aware that trust-worthy relationships are vital. Implementing an effective third-party risk management program will bring comfort that your decisions are risk-informed and resilient.”
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