Subcontractor Due Diligence Questionnaire

TPRM.txt

Question 1 – Sourcing and fair selection process

Provide documentation describing your company’s sourcing/fair selection process; or
Include detailed description of the process including:
a. Key evaluation components,
b. Stakeholders involved in the process,
c. Way in which the results are documented.
NOTE: If answered ‘Yes’, Question 1 requires a mandatory attachment. In case no official sourcing/fair selection procedure document is available, please attach detailed process description in a doc/pdf file.


Question 2 – Third party pre-contract risk assessment / due diligence process

Provide overview of your company’s Pre-Contract Due Diligence process;
List all risk areas that are assessed, e.g.:
a. Information Security,
b. Privacy,
c. Business Continuity,
d. HR Security,
e. Compliance,
f. Risk Management,
g. Physical Security,
h. Financial Viability,
i. Operational Competency,
j. Anti-Money Laundering,
k. Anti-Fraud,
l. Sanctions,
m. Country,
n. Legal/Reputational.


Question 3 – Third party ongoing monitoring process

Provide an overview of your company’s Third Party Ongoing Monitoring process including:
a. Activities in scope,
b. Risk review frequency,
c. Performance review frequency.


Question 4 – Third party issue management process

Provide process description including:
a. Issue identification,
b. Client notification,
c. Management,
d. Tracking,
e. Resolution.


Question 5 – Third party termination process

Provide process description including:
a. List of standard activities,
b. Stakeholders responsible for execution,
c. Way in which the completed activities are documented.