Strengthening Exit Strategies in an Era of Geopolitical Instability
Jenn Wilkinson, VP Third Party Risk Management, Cenlar FSB, shares practical insights on evolving expectations for exit planning, what good governance looks like, how often plans should be updated, and aligning strategies with regulatory scrutiny.
In this interview, Jenn Wilkinson, VP of Third Party Risk Management at Sunlar, discusses the evolving importance of exit planning in a climate of geopolitical tension and climate-related disruptions. She emphasizes the need for organizations to ask “what could go wrong” and ensure that critical vendors have well-defined exit strategies in place. Jenn outlines how these strategies are embedded in onboarding and ongoing due diligence, reviewed regularly, and approved by key stakeholders to provide confidence to executives and risk professionals alike.
Jenn also covers best practices for balancing thorough exit planning with avoiding unnecessary complexity, including using a playbook approach, assessing vendor replaceability, and considering cost and resource constraints. She advises firms to leverage industry networks for shared best practices and to align exit plans with growing regulatory scrutiny, highlighting the value of insights gained from working closely with regulators throughout her career.
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