Vendor Risk Management

Vendor Risk Management — The process of identifying, assessing, monitoring and controlling risks from external providers.

Why Vendor Risk Management matters in finance

Financial resilience increasingly depends on controls outside an institution’s direct technical perimeter.

Security is also a market-infrastructure question

In financial services, vendor risk management should be understood in relation to operational continuity, data integrity, payments, market infrastructure and interconnected dependencies. A control can be technically effective while still leaving material resilience risk if critical services cannot continue or recover during disruption.