How a Global Engineering and Infrastructure Company Unified Third-Party Risk Management

详细摘要

A global engineering and infrastructure company operates in high-risk markets and relies on an extensive network of suppliers, contractors, and partners. For its Ethics &…

A global engineering and infrastructure company operates in high-risk markets and relies on an extensive network of suppliers, contractors, and partners. For its Ethics & Compliance team, every new relationship carries regulatory and reputational risk, from sanctions and corruption to human rights and environmental concerns. The company’s risk environment was changing faster than its existing processes. The incumbent platform was difficult to adapt, leaving the organization looking for a more configurable way to manage risk across the relationship lifecycle.

As sanctions, ownership, ESG, and supply-chain expectations evolved, the company needed a more configurable, end-to-end approach: a single platform where Supply Chain Management and Ethics & Compliance could work together, connect to existing systems, and adapt to the company’s processes.

“This team needed one place to bring together screening, questionnaires, due diligence, and ownership research, set up around how they actually work. We worked with them to bring those capabilities into a shared workflow for Supply Chain Management and Ethics & Compliance.”

After a competitive evaluation, Dow Jones stood out by combining a configurable third-party risk workflow with the ownership intelligence, investigative research, and financial-crime data needed to support higher-risk decisions. The approach gave the company a path to replace an inflexible platform without creating another layer of disconnected tools.

Together, these capabilities created a single-view risk process: screen and assess the relationship, investigate ownership and risk signals, escalate for deeper research when needed, and retain the decision trail in one workflow. The Dow Jones team configured the platform around the company’s existing questionnaires and workflows, then integrated it with enterprise systems through the RiskCenter Third-Party API.

Today, the company uses RiskCenter Third-Party to support a shared, end-to-end process across Supply…

“The…

文章开头，摘自Dow Jones Newswires。如需阅读全文，请前往媒体网站。