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Emerging Risks and Geopolitical Uncertainty | TPRM Exchange Podcast Episode 3

In this episode of the TPRM Exchange Podcast, host Hilary Jewhurst sits down with Tracy Keeping, Founder of Steel Harbor Consulting and former risk executive at State Street, JPMorgan Chase, and Deutsche Bank, to explore one of the most pressing challenges facing third party risk programs today: geopolitical uncertainty.

“Geopolitical uncertainty becomes a third party problem the moment it impacts operational decisions.”

The conversation explores why traditional geopolitical risk assessments often fail to capture the speed and interconnectedness of these changes, and how organizations can move from passive visibility to active decision-making.


Rather than treating geopolitical risk as a standalone category, Tracy explains how emerging conditions are exposing vulnerabilities hidden deep within vendor ecosystems, supply chains, cloud infrastructure, and subcontractor dependencies.

“Geopolitical risk isn’t creating entirely new problems — it’s accelerating the risks organizations already have.”

This episode is especially valuable for practitioners navigating:

  • Rapidly changing supplier and jurisdictional exposure

  • Escalating concentration and fourth-party risk

  • Executive pressure to make faster decisions with incomplete information

  • The growing gap between assessment cycles and real-world events

  • Governance and accountability challenges during periods of uncertainty



Key Takeaway

Geopolitical risk is no longer a static checkbox within a risk framework — it is a dynamic force accelerating existing vulnerabilities across third-party ecosystems. Organizations that succeed will be the ones that connect external events to operational decision-making in real time.


About the Guest

Tracey Keeping

Founder and CEO

Steel Harbor Consulting


Tracy Keeping is the Founder of Steel Harbor Consulting and a former risk executive at State Street, JPMorgan Chase, and Deutsche Bank.




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Email: pod@tprassociation.org


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