Third Party Risk Assessments

Third Party Risk Assessments is an integrated suite of solutions to manage end-to-end third party and “vendor risk management”.

Service Provider Information

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

Third Party Risk Assessments is S&P Global’s market‑leading third‑party and supplier risk management solution, designed to deliver clear, actionable insight into your supplier ecosystem at speed and scale. In an increasingly complex and evolving risk landscape, Third Party Risk Assessments enable organizations to move from periodic assurance to continuous, intelligence led risk management.  

Developed in collaboration with leading global institutions and built on a robust, industry‑aligned methodology, Third Party Risk Assessments goes beyond traditional due diligence to provide a consistent, intelligence‑led view of third‑party risk, validated by our team of industry‑leading specialists who bring global risk‑management expertise. 

Covering 26 control categories across 9 core risk domains, the methodology is aligned to leading global regulatory frameworks and standards, enabling organizations to demonstrate compliance, strengthen governance and stay ahead of emerging risk expectations. This provides a comprehensive and structured view of a third party’s control environment, enabling faster, more confident decision making by empowering teams to focus on risk, not administration. 

With Third Party Risk Assessments, organisations can: 

  • Accelerate third‑party onboarding and risk assessment processes
  • Identify control gaps and emerging risks earlier 
  • Strengthen supplier resilience and governance 
  • Enable confident, evidence‑based decision‑making  
Installation Requirements
Cloud-based (AWS) platform and data solution, implementation and configuration required by KY3P. Advisory, Assessment, and Managed Services available.

Use Cases

Organizations entrust their third parties with their data and their customers’ data and depend on them for their own delivery of products and services to customers. Outsourcing of core activities is a growing trend, as is the adoption of innovative externally provided technology, and the use of the cloud. Regulators require firms to identify and manage third-party relationships to ensure they have identified, understood and managed the risks involved.

Benefits

  • Efficient Exchange of Standardized and Fully Validated Risk Data: Third parties deliver business-critical services and goods, but they also introduce risk.  Third Party Risk Assessments facilitate the efficient exchange of standardized and fully validated risk data between service providers and their customers
  • Consistent, Intelligence Led View of Third Party Risk: Developed in collaboration with leading global institutions and built on a robust, industry‑aligned methodology, Third Party Risk Assessments goes beyond traditional due diligence to provide a consistent, intelligence‑led view of third‑party risk, validated by our team of industry‑leading specialists who bring global risk‑management expertise
  • Greater Visibility Into Supply Chain Risk: Our widely adopted methodology gives businesses greater visibility into their supply chain risk while enabling third parties to streamline their risk assessment processes and focus on their customers

Documentation