Getting Ahead of FinCEN's AML Regulations: What RIAs and ERAs Need to Know
Join us to hear from industry leaders and gain actionable compliance strategies.
Webcast
Vendor Diligence and Management
Third-party risk management (TPRM) and vendor due diligence
Third-party risk management (TPRM) is the process of monitoring, validating, and remediating risks presented by third-party vendors. TPRM helps ensure your vendors protect your data, comply with regulations, and provide sustainable services that meet your requirements. However, vendor risk management can be a costly and time-consuming task. Our vendor management outsourcing service (VMOS) allows your company to offload the vendor due diligence and risk assessment process. Unlike other vendor risk management solutions and vendor management software providers, ACA's VMOS will help your company save valuable time and resources in order to focus on more strategic tasks.
CONNECT WITH US
Solution Spotlight
Our Vendor Management Software
Our vendor management software allows you to track DDQ progress and vendor risk assessment results. Key features include:
- Vendor Risk Dashboard — View key metrics (e.g., vendors diligenced, progress of diligence reviews, and vendor comments)
- Vendor Registry — View vendor data in centralized location (e.g., product lines, type of diligence performed, and contracts)
- Vendor Risk Matrix — View all risks identified (e.g., ratings, issues), vendor communication, and mitigation/remediation activities
- Questionnaire Status — Track the completion status of vendor DDQs and on-site reports
Why work with us?
Dedicated Team Of InfoSec Risk Analysts
Our vendor risk assessments are developed and managed by a team of information security risk analysts in ACA’s centralized, cost-effective analysis and review center (the ARC) in Pittsburgh, PA. The ARC’s dedicated vendor management outsourcing service team is overseen by an experienced vendor risk specialist and includes former senior managers in risk management, insider threat specialists, and data security officers from various industries, including financial services, banking, and healthcare. Over 750 clients and 2,000 vendors have chosen ACA to manage their vendor management process and mitigate third party risks.
Our Vendor Risk Assessments
Our tailored, proprietary vendor due diligence questionnaires (DDQ) include over 300 questions and are customized for each vendor type to provide an accurate assessment of possible risks. Topics include:
- General Data Protection Regulation (GDPR) compliance
- Cyber awareness training
- Governance
- Physical and environmental security
- Network security, infrastructure, and operations
- Organizational overview and structure
- Financials
- Legal and compliance
- Vendor management and oversight
- Change management
- Cloud services
- Access controls
- Mobile device management
- Resiliency
- Asset management
- Data loss prevention
Why ACA?
Clients
750+
Vendors diligenced
2,500+
Latest Insights
AML/CFT Program and SAR Filing Requirements for U.S. Investment Advisers
FinCEN issued a final rule imposing AML and CFT program and SAR filing requirements on RIAs and ERAs.
Compliance Alert
- AML and Financial Crime
Governance in a Cybersecurity Portfolio Oversight Program
An effective cybersecurity oversight program should be formally governed by accountable individual(s) to ensure it meets investor and firm needs.
Article
- Cybersecurity
- Cybersecurity Resources
- Portfolio Company Risk Management
10 Things ESG Scores Can (and can’t) Do For Investors
ESG data is essential to fully understand the sustainability, ethical practices, and long-term viability of companies.
Article
- ESG
ACA Group Enhances eComms Technology Solutions Suite with Next-Generation Archive Capabilities
ACA Group announced a major upgrade to its eComms Technology Solutions within the ComplianceAlpha platform.
Press Release
- ACA News
- eComms Surveillance
- ComplianceAlpha
- RegTech
The DOL Retirement Security Rule Stalled
The DOL was stalled in its most recent attempt to re-define an investment advice fiduciary under ERISA.
Compliance Alert
- Compliance
How to Successfully Cover a Broker-Dealer
Helping asset managers select and work with an intermediary.
Article
- Compliance
News
ACA Group Acquires Financial Compliance Firm, FINOP Consulting
Acquisition strengthens ACA’s outsourced financial operations offering for broker-dealers.
ACA Group Recognized on ESGFinTech100 Among Top Industry Innovators
We are thrilled to announce that ACA Group has earned a spot on the prestigious 2024 ESGFinTech100 list, joining the ranks of the world's most innovative ESG technology providers.
Financial Services Firms Lag in AI Governance and Compliance Readiness, Survey Reveals
The 2024 AI Benchmarking Survey by ACA Aponix and NSCP reveals that, despite enthusiasm for AI, financial firms lack formal AI governance frameworks, testing protocols, and third-party oversight.
Upcoming events
Modern Compliance: Capturing Mobile and Social Media Communications
Join ACA and SnippetSentry as we explore global communication capture strategies to reduce compliance risks and enhance your compliance program.
Webcast