Stop Treating Every Vendor the Same: Daniel Liu on the Real Work of Third Party Risk

Stop Treating Every Vendor the Same: Daniel Liu on the Real Work of Third Party Risk

In this episode of The Third Party Risk Institute Podcast, Linda Tuck Chapman speaks with Daniel Liu, Managing Director of Enterprise Risk Management at TMX Group, about what effective third-party risk management really looks like inside complex, regulated organizations. Daniel shares practical insights from his experience across enterprise risk management, operational risk, financial services, data analytics, and regulatory environments. The conversation explores how operational risk and TPRM functions should work together, why risk culture matters, and why risk teams must move beyond checklists, policies, and one-time due diligence. This episode covers key topics including third-party risk management, operational risk management, enterprise risk management, vendor segmentation, concentration risk, fourth-party risk, exit planning, regulatory expectations, operational resilience, OSFI expectations, first line and second line responsibilities, ongoing monitoring, and risk-based due diligence. Listeners will also hear why vendor segmentation should be based on criticality and inherent risk, not spend or relationship history, and why overlooked risks such as exit risk, subcontractor exposure, change in control, and scope creep can create serious operational and regulatory challenges. This is a valuable conversation for risk leaders, TPRM professionals, procurement teams, compliance officers, auditors, financial services executives, and anyone responsible for building stronger third-party risk and operational resilience programs. 🎧 Enjoying the podcast? Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com [https://thirdpartyriskinstitute.com] 📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd. [https://www.linkedin.com/company/third-party-risk-institute-ltd] 📬 Have a question or topic you'd like us to cover?  Email us at: info@thirdpartyriskinstitute.com

Third-Party Risk Monitoring in 2026: Why Annual Vendor Reviews Are No Longer Enough

Third-party risk is no longer something organizations can review once a year and file away for audit season. Vendor incidents now move in hours, regulators expect stronger oversight, and a single provider can disrupt hundreds of businesses at once. In this episode of the Third Party Risk Institute Podcast, we discuss why traditional annual questionnaires are falling short and why continuous third-party risk monitoring is becoming a core expectation for risk, procurement, compliance, cybersecurity, and vendor management teams. We cover what continuous monitoring really means, why security ratings should be treated as early-warning signals rather than final answers, and how organizations can monitor vendor risk across cybersecurity, operational resilience, financial health, concentration risk, fourth-party risk, and AI-related vendor exposure. You’ll also hear practical insights on DORA, NIST CSF 2.0, U.S. banking guidance, security ratings, KRIs, vendor risk dashboards, concentration risk, and the operating model needed to turn alerts into action. If your organization still relies heavily on point-in-time assessments, spreadsheets, or annual vendor reviews, this episode will help you rethink what effective third-party risk management should look like in 2026. 🎧 Enjoying the podcast? Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com [https://thirdpartyriskinstitute.com] 📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd. [https://www.linkedin.com/company/third-party-risk-institute-ltd] 📬 Have a question or topic you'd like us to cover?  Email us at: info@thirdpartyriskinstitute.com

The Future of Third-Party Risk Management: AI, Resilience, Cyber Risk, and What Comes Next with Matthew Moog

Third-party risk management is changing fast. For years, many organizations have relied on questionnaires, point-in-time assessments, manual workflows, and fragmented ownership across procurement, cyber, compliance, resilience, privacy, model risk, and business teams. But with AI, cyber ratings, data ecosystems, shared assessments, trust centers, regulatory pressure, and operational resilience expectations becoming more important, the future of TPRM is moving beyond traditional vendor due diligence. In this episode of the Third Party Risk Institute Podcast, Linda Tuck Chapman speaks with Matthew Moog, Principal of Risk Managed Services at EY, about where third-party risk management is heading and what risk professionals need to understand now. Matt shares lessons from his career across EY, TrueSight, and OneTrust, including the challenges of standardizing assessments, building shared third-party risk utilities, using data before sending questionnaires, and rethinking how organizations assess, monitor, and respond to supplier risk. This conversation explores some of the biggest issues facing risk, procurement, cybersecurity, compliance, and operational resilience teams today, including: *  Why traditional third-party risk assessments are no longer enough  *  How AI and automation may change vendor risk management workflows  *  Why the future of TPRM depends on better data, not more questionnaires  *  The role of cyber ratings, trust centers, attestations, certifications, and standardized data  *  How organizations can reduce fragmented third-party risk processes  *  Why operational resilience, fourth-party risk, and dependency mapping are becoming critical  *  How DORA, regulatory expectations, and global financial services guidance are shaping TPRM  *  Why human judgment still matters in an AI-enabled risk environment  *  What risk professionals should focus on to build a stronger career in TPRM  Matt also shares practical career advice for professionals entering or growing in third-party risk management, operational risk, cyber risk, vendor risk, and governance roles. This episode is essential listening for anyone working in third-party risk management, vendor risk management, supplier risk, operational resilience, cybersecurity risk, regulatory compliance, procurement, financial services risk, AI governance, fourth-party risk, or enterprise risk management. 🎧 Enjoying the podcast? Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com [https://thirdpartyriskinstitute.com] 📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd. [https://www.linkedin.com/company/third-party-risk-institute-ltd] 📬 Have a question or topic you'd like us to cover?  Email us at: info@thirdpartyriskinstitute.com

"Trust Path Failures" The Weakest Link in 2026: What Third-Party Risk Leaders Are Missing

The first four months of 2026 have already reshaped how organizations think about third-party risk. From regulatory pressure like Digital Operational Resilience Act to the rapid adoption of AI across vendor ecosystems, the gap between what organizations assess and what they actually understand is becoming more visible and more risky. In this episode, we break down what’s actually changed in third-party risk so far this year, not at a theoretical level, but based on real developments, regulatory shifts, and operational challenges organizations are facing right now. This is not a high-level conversation. This is a practical review of where programs are falling short and what needs to change. What We Cover in This Episode *  Why traditional third-party risk models are failing in 2026  *  The growing disconnect between vendor assessments and real-world dependencies  *  How AI adoption is introducing new, unmeasured risks in third-party ecosystems  *  What regulators are actually expecting (and where organizations are still behind)  *  The rise of concentration risk, fourth-party risk, and infrastructure dependencies  *  Why business continuity assumptions are no longer holding up  *  What strong third-party risk programs are starting to do differently  *  Practical steps to rethink your approach, immediately  Who This Podcast Is For *  Third-Party Risk Managers  *  Vendor & Supplier Risk Professionals  *  Procurement Leaders  *  Operational Risk & Resilience Teams  *  Compliance and Audit Professionals  *  Anyone responsible for understanding how third parties impact business continuity and resilience  If you’re responsible for third-party risk, this episode will help you step back and ask a harder question: 👉 Are you assessing vendors… or actually understanding your exposure? 🎧 Enjoying the podcast? Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com [https://thirdpartyriskinstitute.com] 📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd. [https://www.linkedin.com/company/third-party-risk-institute-ltd] 📬 Have a question or topic you'd like us to cover?  Email us at: info@thirdpartyriskinstitute.com

Why Most Risk Governance Systems Fail (And How to Fix Them) | GRC, Third-Party Risk & AI Risk

In this episode of the Third Party Risk Institute Podcast, Linda Tuck Chapman speaks with Elina Moshkovich, an independent Governance, Risk, and Compliance (GRC) advisor based in Dubai, about one of the most overlooked areas of modern risk management risk governance systems. While many organizations invest heavily in risk frameworks, tools, and compliance programs, they often fail to address the governance structures that determine how decisions are made and how risks are escalated. Drawing on experience as a Chief Risk Officer and GRC advisor, Elina shares practical insights into how companies can design governance systems that actually work. In this conversation, we explore: • Why risk governance frameworks often fail inside organizations  • The connection between operational risk, third-party risk, and organizational strategy  • How governance gaps can create major risk exposures  • A real-world example of a vendor failure that could have been prevented with better governance  • Why risk culture and escalation practices are critical for protecting organizations  • The growing importance of third-party risk management in an interconnected economy  • The difference between principles-based regulations and prescriptive regulations like DORA  • How companies should start thinking about AI governance and acceptable AI use policies  • Skills and career advice for professionals entering risk management, compliance, and GRC roles This episode is particularly valuable for professionals working in: * Risk Management * Governance, Risk & Compliance (GRC) * Third-Party Risk Management (TPRM) * Operational Risk * Cybersecurity Risk * Regulatory Compliance As organizations become more dependent on external vendors, digital systems, and AI tools, effective governance is becoming the foundation of resilient risk management programs. 🎧 Enjoying the podcast? Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com [https://thirdpartyriskinstitute.com] 📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd. [https://www.linkedin.com/company/third-party-risk-institute-ltd] 📬 Have a question or topic you'd like us to cover?  Email us at: info@thirdpartyriskinstitute.com