Third-Party Risk Management

Risk Management

The process of identifying, assessing, and controlling threats to an organisation's capital and operations.

Risk Assessment

The systematic process of evaluating potential risks in an organisation's operations, projects, or investments.

Operational Risk

The risk of loss resulting from inadequate or failed internal processes, people, systems, or external events.

Vendor Risk Assessment

Evaluating the potential risks of engaging with a vendor including security, financial, and operational concerns.

Know Your Customer

The process of verifying the identity, suitability, and risks of customers in financial transactions.

AI Impact Assessment

A systematic evaluation of the potential effects and risks of an AI system before and during its deployment.

The application of ethical principles and moral standards to business activities, decisions, and relationships.

A chronological record of system activities enabling the reconstruction and examination of a sequence of events.

An approach to systems engineering that takes privacy into account throughout the entire engineering process.

A controlled environment where businesses can test innovative products and services under regulatory oversight.

An automated approach to maintaining regulatory compliance through real-time monitoring, policy enforcement, and evidence collection integrated into development and operations pipelines.

A structured set of controls and processes designed to manage risk and ensure compliance with regulations.

A legal concept giving individuals the right to request deletion of their personal data from organisations' records.

The principle that organisations should be answerable for the outcomes and impacts of their algorithmic systems.