Bates News - 06-03-20
Bates Group Partners with Linda Tuck Chapman and Ontala for Third Party Risk Management Services
Bates Group is proud to announce our partnership with Ontala Performance Solutions, led by internationally acclaimed expert Linda Tuck Chapman, to expand Bates’ risk services to include the critical area of third-party risk management.
Linda Tuck Chapman is President of Ontala Performance Solutions Ltd.; creator and Faculty for "Certified Third Party Risk Management Professional" (C3PRMP), delivered in partnership with SIG University; and author of Third Party Risk Management: Driving Enterprise Value.
“Many companies have outstanding outsourcing capabilities but do not have strong third-party continuity, governance, and review plans,” said Benjamin Pappas, Bates Group President. “Third-party issues represent a major risk for companies, their managers, and even their board members who may personally face fines or regulatory action. As a recognized financial services industry expert, Linda, in partnership with Bates, brings deep, actionable insight and exceptional expertise to clients in third-party risk management, governance, and optimization. The partnership is a perfect fit in expanding our risk portfolio and value to financial industry clients.”
Initially, our combined team will offer:
- Maturity and Effectiveness Assessments for third-party/vendor risk management programs
- Comprehensive Services for monitoring & controlling third-party “Work-From-Home” risks
- Third-party Risk Assessments, Controls Evaluations and Contract Reviews to ensure all controls, performance, and compliance requirements protect your organization
- Proven Training and Education for all stakeholders at all levels, either as classroom and eLearning.
“Our strategic partnership brings a powerful blend of specialized expertise, hands-on experience, and outstanding practitioners to the market,” said Tuck Chapman. "Managing third-party relationships by criticality and risks has never been more important. The global crisis makes us hyper-aware that trustworthy relationships are vital. Implementing an effective third-party risk management program will bring comfort that your decisions are risk-informed and resilient.”
“Despite, and because of, all that we are dealing with in business and the economy today, it has never been more critical for financial services firms to maintain best practices in the areas of anti-money laundering (AML) and financial crimes—across all relationships. Bates and Ontala bring expert recommendations, technical, and consulting services needed to survive and thrive in the financial services industry today,” said Edward Longridge, Managing Director, Bates AML & Financial Crimes.
For more information, please contact: Dennis Greenberg, Managing Director at firstname.lastname@example.org or 914-588-3965