Moving Your Program Beyond 'Traditional Suppliers'
April 10, 2024
11:00 - 11:50 AM
Valley of the Sun D
Expanding your supplier risk program to a true third party risk program can be challenging. In addition to identifying the appropriate segmentation of your third parties, aligning any agreed upon variations to the overall program is imperative. Learn how one company approached this through the use of ‘Operating Models’.
Identifying and segmenting categories including criteria
Definitions, and risk champion / executive ownership
Evaluating existing controls
Defining due diligence and ongoing accountabilities
Stacy Custeau | AVP, Third Party Risk | Unum
Stacey Custeau, AVP, Third Party Risk at Unum Corporation. Stacey has spent her career at Unum, a fortune 500 company providing income protection to millions of employees worldwide. She has vast experience in all aspects of procurement and sourcing, focusing much of that time on data analytics and system implementations. Stacey held various leadership roles in large scale change including leading the selection and implementation of Unums first comprehensive payables and procurement system, first Contract Management System and championing Workday as an early adopter for procurement\expenses.
In 2016, Stacey began Unum’s Supplier Risk Management function. From a one man shop with no framework or resources focusing only on traditional suppliers to a 5 person team with providing oversight to all third parties. The journey to maturity has included enabling technology, policy creation and process execution. The program is fully embedded in Unum’s US and UK Operations.
Toby Downs | Sr. Third Party Risk Consultant | Unum