Who Needs TPRM?
Third parties play a significant role in global business sourcing. When enterprises increase their reliance on third parties, they also open themselves to risk from third-party operations. Third party risks can have a far-reaching impact.
TPRM seeks to institute mechanisms to identify, quantify, monitor, and mitigate a variety of third-party risks.
Fortune 1000 enterprises rely on thousands of third parties for their business operations. Many of these enterprises, especially in Banking, Financial Services, Insurance, and Healthcare are subject to oversight from a variety of regulators. As OCC/FINRA/HIPAA & other regulations, data protection and privacy laws, and laws relating to outsourcing increase, enterprises must have a program to ensure compliance, due diligence, and reporting.
This is where TPRM programs strive to ensure business certainty.
The Supply Wisdom Story
“As an industry, we have a responsibility to manage risk in a way that is prudent.”
Kenneth C. Griffin
In the last two decades, large companies have, at an exponential rate, sourced and leveraged third parties around the globe. As a result, today a significant portion of their ongoing operations are now globalized. The very nature of globalizing business operations around the world creates a whole new set of risks of disruptions. These risks come from many different factors such as political, regulatory, weather, cyber, and so many others. There now exists a tremendous need to monitor these factors or any changes in the business environment in order to minimize or avoid costly business disruptions. It’s no longer prudent to assess these risks on an annual, quarterly, or even monthly basis. These are factors that now need to be monitored continuously in near real-time.
At the behest of two of our clients, a financial services company and a pharmaceutical company, we collaborated and co-created a continuous risk monitoring solution. In 2017, Supply Wisdom started leveraging automation to equip companies with early warning, enabling them to focus on risk actions with reduced manual intervention.
Today, Supply Wisdom equips global enterprises with continuous third-party risk monitoring and risk intelligence to minimize the risks of disruption facing all global businesses.
Atul VashisthaChairman & CEO
Atul is the Chairman and CEO of Supply Wisdom. He is a recognized expert on globalization, outsourcing and governance.
Bhavya ShettyDirector of Talent
Bhavya heads Talent at Supply Wisdom. She has over 15 years of experience in recruitment and HR Management.
Bill JamesHead of Global Sales
Bill is an award-winning sales leader with over 20 years' experience strategically selling and managing a team that sells into regional, national and global sales territories.
Brynn LaytonHead of Strategic Accounts
Brynn brings 20+ years risk and compliance expertise as a practitioner and consultant, working with fortune 100 customers to gain actionable insights.
Hari Ram KumarHead of Risk Intelligence Operations
Hari Ram Kumar heads Risk Intelligence Research Operations for Supply Wisdom. He comes with 18+years of experience in the data analytics & BI.
John Bree Chief Evangelist & Chief Risk Officer
John is an expert in developing and managing AML/CTF, KYC, Anti-Fraud and Vendor & Third Party Risk Management programs.
Sandeep Suresh Head of GTM
Sandeep heads GTM strategy for Supply Wisdom and has 20+ years of experience in research, data science and analytics.
Sara HauensteinProgram Manager & Executive Assistant to the CEO
Sara Hauenstein is Program Manager and Executive Assistant to the CEO. Sara focuses on accelerating the CEO’s priorities and collaborates with the Executive team to do so.
Sudhir GaneshChief Technology Officer
Sudhir heads technology and software initiatives for Supply Wisdom. He brings 20+ years' experience and has headed engineering functions for several companies.
Victor MeyerChief Operating Officer
Victor held a wide variety of roles at Deutsche Bank including Group Head of Operational Risk. He is the former Vice-Chair of the WEF’s Global Agenda Councils for both Pandemic and Catastrophic Risk.
Shelley LeibowitzLead Independent Director
Shelley is leader among technology professionals with vast experience in technology and risk management. She currently serves on the Board of Directors of Morgan Stanley and BitSight.
Jim RouthIndependent Director
With over 40 years of professional experience, Jim brings deep expertise in cybersecurity and operational risk management from previous senior leadership roles at Fortune 1000 companies, including CVS, JP Morgan Chase, KPMG, DTCC and American Express.
Nathaniel FickIndependent Director
Nathaniel Fick has deep expertise in security, corporate governance, and technology issues. Currently, Fick leads Elastic Security’s information security business as General Manager. Before its purchase by Elastic, Fick was CEO of Endgame, which was selected by Forbes as one of the “100 Best Cloud Companies in the World.”
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