About: Outsourcing risk assessment   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

An outsourcing risk assessment should consider the following: * Strategic goals, objectives, and business needs of the financial institution. * Ability to evaluate and oversee outsourcing relationships. * Importance and criticality of the services to the financial institution. * Defined requirements for the outsourced activity. * Necessary controls and reporting processes. * Contractual obligations and requirements for the service provider. * Contingency plans, including availability of alternative service providers, costs and resources required to switch service providers. * Ongoing assessment of outsourcing arrangements to evaluate consistency with strategic objectives and service provider performance. * Regulatory requirements and guidance for the busin

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  • Outsourcing risk assessment
rdfs:comment
  • An outsourcing risk assessment should consider the following: * Strategic goals, objectives, and business needs of the financial institution. * Ability to evaluate and oversee outsourcing relationships. * Importance and criticality of the services to the financial institution. * Defined requirements for the outsourced activity. * Necessary controls and reporting processes. * Contractual obligations and requirements for the service provider. * Contingency plans, including availability of alternative service providers, costs and resources required to switch service providers. * Ongoing assessment of outsourcing arrangements to evaluate consistency with strategic objectives and service provider performance. * Regulatory requirements and guidance for the busin
dcterms:subject
abstract
  • An outsourcing risk assessment should consider the following: * Strategic goals, objectives, and business needs of the financial institution. * Ability to evaluate and oversee outsourcing relationships. * Importance and criticality of the services to the financial institution. * Defined requirements for the outsourced activity. * Necessary controls and reporting processes. * Contractual obligations and requirements for the service provider. * Contingency plans, including availability of alternative service providers, costs and resources required to switch service providers. * Ongoing assessment of outsourcing arrangements to evaluate consistency with strategic objectives and service provider performance. * Regulatory requirements and guidance for the business lines affected and technologies used.
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