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Audio July 3, 2025

Why Procurement is the Hidden Engine Behind Smarter Third-Party Risk

Fraser Guillen, VP of Customer Success, Omnea

Mohammed Randeree, Head of Operational Resilience & TPRM, Atom BankLinkedIn profile for Mohammed Randeree

Atom Bank’s Mo Randeree and Omnea’s Fraser Phillips explore how integrating procurement and third-party risk can eliminate friction, drive faster onboarding, and enable smarter, AI-powered decision-making. They share hard-earned lessons on governance, tooling, and how leaner FinTech models can outpace legacy banks when innovation is tightly aligned with compliance and strategy.

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Third-party risk management is no longer just a back-office compliance function - it’s rapidly becoming a strategic differentiator. In this episode of Risk Leaders Connect, Mo Randeree, Head of Resilience, Procurement, and TPRM at Atom Bank, joins Fraser Guillen of Omnea to explore how merging procurement and TPRM isn't just a structural tweak, it's a radical shift in how modern banks manage onboarding, rationalize supplier ecosystems, and deliver governance at scale.

At Atom Bank, this consolidation enabled them to reduce decision-making timelines, align risk and value from the outset, and introduce AI-powered tooling that proactively flags duplicative vendors before a contract is even signed.

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