Gartner Says Compliance Leaders Need Consistent Communication With Relationship Owners To Effectively Manage Third-Party Risk
Gartner, Wednesday, April 23rd, 2025
Nearly All Relationship Owners Spot One or More TPRM Red Flags Annually, but Only Around Half Share with Compliance Teams
Third-party risk management (TPRM) is compromised in many organizations because those holding the relationship with the third-party (relationship owners) don't escalate red flags to compliance teams reliably, according to Gartner, Inc.
Relationship owners are most often midlevel managers, directors and senior vice presidents who have a crucial and unique view into multiple third parties that compliance leaders deem as high-risk.