Firms Urged To Break Down Silos In Third-Party Risk Management

In this onsite interview, Jenna Wells discusses how third-party risk management is evolving from a specialist function into a broader enterprise-wide responsibility. She explains why organisations must move beyond siloed approaches and ensure stronger collaboration between procurement, risk, technology, compliance, and executive leadership teams to effectively manage growing vendor and operational risks.

Wells also highlights the increasing regulatory and operational pressure facing firms as outsourcing ecosystems become more interconnected and complex. She explores the importance of building a stronger culture of accountability and resilience, where organisations can proactively identify vulnerabilities, improve oversight, and respond more effectively to disruption across their third-party networks.