Third party risk management & assurance

Effective oversight and assurance for your extended enterprise.

Companies are increasingly relying on third parties to drive efficiencies, reduce costs and improve performance. However working with external organisations comes with an entire set of risks that did not exist in the past. We can help you to evaluate and manage risks associated with third parties so you can focus on meeting your business objectives.

Our approach

Management of third party risks has become more vital as companies outsource progressively critical operations. 

Regulators in sectors such as finance have made clear that failings cannot be blamed on contractors and that companies must take a rigorous, formal approach to assessing and managing the risks created by reliance on third parties.

• Conducting third party operational risk reviews and creating a risk framework;
• Carrying out a third party risk assessment;
• Regular risk audit reports to provide assurance.

In today's interconnected business landscape, the reliance on third-party service providers has become ubiquitous. While outsourcing operational tasks can drive efficiencies and foster innovation, it also introduces a myriad of risks that demand vigilant oversight and management. At Mazars, we offer tailored solutions to evaluate and mitigate the risks associated with your extended enterprise, empowering you to focus on achieving your business objectives.

As companies increasingly entrust critical operations to external partners, the need for effective third-party risk management (TPRM) has never been greater. The proliferation of cloud infrastructure and digital ecosystems further underscores the importance of robust risk and controls frameworks to safeguard against financial risk and operational disruptions.

How we can help?

Our dedicated team of specialists brings a wealth of sector-specific experience to the table, enabling us to design and implement tailored risk management strategies that align with your unique risk profile and exposure. From conducting due diligence on delegates to overseeing subcontracting arrangements, we help you navigate the complexities of third-party relationships with confidence and clarity.