The Third Party Risk Assessment Policy is essential for organizations operating in Singapore's regulated environment to effectively manage risks associated with external partnerships. This document becomes necessary as organizations increasingly rely on third-party vendors and service providers, requiring structured approaches to risk management. The policy addresses requirements under Singapore's regulatory framework, including PDPA, Cybersecurity Act, and MAS guidelines, providing comprehensive guidelines for identifying, assessing, and managing third-party risks while ensuring regulatory compliance and business continuity.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Purpose and Scope: Defines the objectives and applicability of the policy, including regulatory context and organizational requirements
2. Definitions: Key terms and concepts used throughout the policy, including regulatory definitions and organizational terminology
3. Roles and Responsibilities: Detailed breakdown of responsibilities for various stakeholders in third-party risk management process
4. Risk Assessment Framework: Comprehensive methodology for identifying, assessing, and categorizing third-party risks
5. Due Diligence Requirements: Standard procedures and requirements for conducting third-party due diligence
6. Risk Categories and Controls: Detailed description of risk categories and required controls for each risk level
7. Monitoring and Review Process: Procedures for ongoing monitoring, periodic reviews, and reporting requirements
8. Compliance Requirements: Specific compliance obligations under Singapore law and regulatory frameworks
1. Industry-Specific Requirements: Additional requirements for regulated industries such as financial services, healthcare, or critical infrastructure
2. International Compliance: Requirements for cross-border operations and international data transfers
3. Technology Risk Management: Specific requirements for technology service providers and digital services
4. Data Protection Requirements: Specific requirements related to personal data protection under PDPA
1. Risk Assessment Template: Standardized template for conducting third-party risk assessments
2. Due Diligence Checklist: Comprehensive checklist for third-party evaluation and assessment
3. Risk Rating Matrix: Framework for categorizing and rating different types of third-party risks
4. Regulatory Requirements Reference: Summary of applicable Singapore laws and regulatory requirements
5. Monitoring and Review Schedule: Timeline and requirements for periodic monitoring and review activities
Find the exact document you need
Contract Risk Management Policy
A governance document establishing contract risk management procedures under Singapore law.
Download
Third Party Risk Assessment Policy
A policy document outlining procedures for assessing and managing third-party risks in compliance with Singapore's regulatory requirements.
Download
Risk Assessment And Management Policy
A Singapore-compliant policy document establishing frameworks and procedures for organizational risk assessment and management.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)