Careers Risk Management

181: How to Build a Third-Party Risk Program that is Fit for Purpose w/ Linda Tuck Chapman

What do procurement professionals need to know about risk? What can pro’s working in non-regulated industries learn from how regulated industries approach third party risk management?

Those are just two of the questions I asked today’s guest, Linda Tuck Chapman.

An experienced consultant and former Chief Procurement Officer at three major banks, Linda is widely recognized as a leading expert in third party risk management, governance and optimization.  I have seen Linda present on many occasions, and her perspective and advice have always resonated with me. As you may know, I have been heavily involved in the development and launch of third party risk management programs and have always viewed this is somewhat of a blind spot for procurement, particularly in non-regulated industries, and indirect categories of spend.

In our discussion, I began by exploring Linda’s habits and fundamental beliefs that have shaped her career to date before jumping into our conversation on risk management.

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About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.