Third-Party Risk Services

SQ Risk Third-party Risk Services provide a flexible individual engagement option to address a specific need. The services can include the evaluation of a program mapped to a maturity model, or assist with the assessment of a specific third-party relationship.  SQ Risk offers impartial subject matter expertise, to evaluate third-parties controls and processes.

Assessment activities may include:

  • Information Gathering (Questionnaires)
  • Third-Party Controls Evaluation
  • Offsite/Onsite Performance and Controls Validation
  • Risk Reporting and Mitigation Tracking

SQ Risk is a member of the Shared Assessments Program and leverages applicable assessment tools and resources. These tools align with standards such as the National Institute of Standards and Technology (NIST), the Federal Financial Institutions Examination Council (FFIEC), the International Standards Organization (ISO), and other regulations and guidelines, such as OCC Bulletin 2013-29, and Payment Card Industry (PCI).