SIG Resource Center

"Next Generation" Third Party Risk Management at Bank of Canada

The Bank of Canada, Canada's central bank, promotes the economic and financial welfare of Canada. Ontala Performance Solutions Ltd. specializes in third party risk management, optimization and governance. The "next generation" strategic plan for third party risk management was predicated on stakeholder engagement - risk specialists, business segment leaders, legal and internal audit - and visible executive involvement and decision-making. The team leveraged internal and external best practices and embraced new ideas. The Bank's "next generation" program leverages the best of the best, helps to solve current issues and ensures third party risk management remains tightly aligned with the Bank's mission and mandate.  

Sourcing Management
Risk Management