Driving Risk Management through a Centralized VMO

Vendor risk management can span across many internal groups, like sourcing, procurement, and vendor management teams. Trying to manage complex vendor ecosystems across multiple groups can be cumbersome when so many players are involved. Neo Group has seen increasing trends with organizations centralizing their vendor and risk management functions. This allows for standardization of processes, […]

Third Party Oversight: A Guideline or a Requirement?

Trying to navigate through the OCC, CFPB, FDIC and FFIEC risk management “guidance” releases can be daunting. These bulletins are not guidelines, they are requirements and the penalties are stiff for lack of compliance. It’s helpful to remember that the primary objective of these oversight committees is to ensure that you are effectively protecting your […]