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1. Parties: Identification of the assessing organization and the third party being assessed
2. Background: Context of the relationship and purpose of the risk assessment
3. Definitions: Key terms used throughout the assessment document
4. Scope of Assessment: Detailed outline of what aspects of the third party's operations are being assessed
5. Risk Categories: Comprehensive list and description of risk categories being evaluated
6. Assessment Methodology: Detailed explanation of how risks will be identified, assessed, and scored
7. Due Diligence Requirements: Specific documentation and verification requirements
8. Compliance Requirements: Regulatory and legal compliance expectations
9. Security Requirements: Information security, physical security, and cybersecurity requirements
10. Performance Metrics: Key performance indicators and measurement criteria
11. Risk Mitigation Measures: Required controls and mitigation strategies
12. Monitoring and Review: Ongoing monitoring requirements and periodic review procedures
13. Incident Reporting: Procedures for reporting and handling risk incidents
14. Governance Structure: Roles and responsibilities in risk management
1. Financial Stability Assessment: Detailed financial risk assessment, required for third parties handling financial transactions or critical services
2. Business Continuity Requirements: Specific business continuity and disaster recovery requirements, necessary for critical service providers
3. Data Protection Impact Assessment: Detailed assessment of data protection risks, required when third party handles personal or sensitive data
4. Environmental Risk Assessment: Assessment of environmental impacts and risks, necessary for manufacturers or waste handling services
5. Supply Chain Dependencies: Analysis of sub-contractors and supply chain risks, important for vendors with complex supply chains
6. Social Responsibility Assessment: Evaluation of labor practices and social responsibility, relevant for manufacturers or service providers with large workforces
1. Schedule A - Risk Assessment Matrix: Detailed risk scoring matrix and evaluation criteria
2. Schedule B - Due Diligence Checklist: Comprehensive checklist of required documentation and verifications
3. Schedule C - Security Controls Checklist: Detailed list of required security controls and standards
4. Schedule D - Compliance Questionnaire: Detailed questionnaire covering all compliance requirements
5. Schedule E - Performance Metrics Template: Template for tracking and reporting key performance indicators
6. Schedule F - Incident Response Procedures: Detailed procedures for handling and reporting incidents
7. Appendix 1 - Document Requirements: List of all required documents and certifications
8. Appendix 2 - Contact Matrix: Key contacts and escalation procedures for both parties
9. Appendix 3 - Risk Assessment Tools: Ƶ and tools used in the risk assessment process
Banking and Financial Services
Information Technology
Healthcare
Manufacturing
Retail
Telecommunications
Insurance
Pharmaceuticals
E-commerce
Business Process Outsourcing
Logistics and Supply Chain
Professional Services
Risk Management
Procurement
Vendor Management
Legal
Compliance
Information Security
Operations
Supply Chain
Internal Audit
Information Technology
Data Protection
Finance
Strategy
Chief Risk Officer
Procurement Manager
Vendor Management Specialist
Compliance Officer
Legal Counsel
Information Security Manager
Operations Director
Supply Chain Manager
Due Diligence Specialist
Risk Analyst
Audit Manager
Chief Information Security Officer
Data Protection Officer
Contract Manager
Business Continuity Manager
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